Alexis A.J. Hudy Buys 875 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Alexis A.J. Hudy purchased 875 shares of TC Energy stock in a transaction dated Monday, March 25th. The shares were bought at an average price of C$54.97 per share, with a total value of C$48,098.75. Following the completion of the transaction, the director now owns 875 shares in the company, valued at approximately C$48,098.75.

TC Energy Stock Up 1.2 %

Shares of TSE TRP opened at C$54.44 on Friday. TC Energy Co. has a 52-week low of C$43.70 and a 52-week high of C$57.02. The firm has a fifty day moving average of C$53.24 and a 200-day moving average of C$51.16. The stock has a market capitalization of C$56.62 billion, a PE ratio of 19.80, a P/E/G ratio of 0.26 and a beta of 0.74. The company has a quick ratio of 0.40, a current ratio of 0.96 and a debt-to-equity ratio of 163.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.08 by C$0.27. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. The company had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$3.94 billion. On average, analysts anticipate that TC Energy Co. will post 4.1745068 EPS for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 7.05%. This is a boost from TC Energy’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Wednesday, March 27th. TC Energy’s dividend payout ratio is 139.64%.

Analyst Ratings Changes

TRP has been the subject of a number of research reports. TD Securities lifted their price target on shares of TC Energy from C$50.00 to C$51.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. ATB Capital set a C$54.00 price objective on TC Energy and gave the stock a “sector perform” rating in a research report on Friday, January 5th. Stifel Nicolaus set a C$61.00 price objective on TC Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. CIBC lifted their target price on shares of TC Energy from C$54.00 to C$55.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, Barclays lifted their target price on shares of TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average price target of C$55.35.

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.