TC Energy Co. (TSE:TRP) Senior Officer Sells C$225,472.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Nancy Angenita Johnson sold 3,328 shares of TC Energy stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$67.75, for a total value of C$225,472.00.

Nancy Angenita Johnson also recently made the following trade(s):

• On Monday, August 19th, Nancy Angenita Johnson sold 5,414 shares of TC Energy stock. The stock was sold at an average price of C$61.16, for a total value of C$331,133.78.

TC Energy Stock Up 0.6 %

Shares of TRP stock opened at C$67.83 on Thursday. 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 Co. has a one year low of C$43.83 and a one year high of C$69.61. The company’s fifty day moving average price is C$63.99 and its 200-day moving average price is C$57.93. The company has a market capitalization of C$70.54 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. Sell-side analysts expect that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.56%. TC Energy’s payout ratio is 116.01%.

Analyst Ratings Changes

Several research firms have recently issued reports on TRP. Scotiabank lifted their price target on TC Energy from C$68.00 to C$74.00 in a research report on Friday, November 8th. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and raised their price target for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. CIBC lifted their price target on shares of TC Energy from C$66.00 to C$67.00 in a research note on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Finally, National Bankshares lifted their target price on shares of TC Energy from C$60.00 to C$70.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$66.15.

About TC Energy

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.