TC Energy Co. (TSE:TRP) Director Sells C$332,500.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$66.50, for a total transaction of C$332,500.00.

TC Energy Stock Down 0.4 %

TSE:TRP traded down C$0.24 during trading hours on Friday, reaching C$66.30. 1,276,674 shares of the stock were exchanged, compared to its average volume of 6,708,495. The stock has a market cap of C$68.95 billion, a PE ratio of 20.03, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a twelve month low of C$43.83 and a twelve month high of C$70.32. The firm has a 50 day moving average of C$67.00 and a 200 day moving average of C$61.25. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. On average, equities analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a yield of 6.71%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TRP shares. Raymond James raised TC Energy to a “hold” rating in a research note on Thursday, November 21st. National Bankshares boosted their target price on TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. CIBC increased their price target on shares of TC Energy from C$67.00 to C$68.00 in a research report on Wednesday, November 20th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Finally, ATB Capital increased their target price on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and an average price target of C$69.77.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.