Insider Selling: TC Energy Co. (TSE:TRP) Senior Officer Sells C$17,820.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Nancy Angenita Johnson sold 300 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$59.40, for a total transaction of C$17,820.00.

TC Energy Trading Up 0.8 %

Shares of TSE TRP opened at C$59.71 on Friday. The company’s fifty day moving average is C$54.56 and its 200-day moving average is C$53.14. The stock has a market cap of C$62.10 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 0.26 and a beta of 0.74. TC Energy Co. has a twelve month low of C$44.70 and a twelve month high of C$60.02. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01.

TC Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.43%. TC Energy’s dividend payout ratio is 147.69%.

Analyst Upgrades and Downgrades

TRP has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on shares of TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Monday, July 29th. BMO Capital Markets increased their price objective on shares of TC Energy from C$55.00 to C$57.00 in a report on Friday, August 2nd. Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from C$55.00 to C$61.00 in a report on Wednesday, July 17th. Wells Fargo & Company increased their price objective on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. Finally, CIBC increased their price objective on shares of TC Energy from C$56.00 to C$59.00 in a report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$56.73.

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.