TC Energy Co. (TSE:TRP) Director Mark Yeomans Sells 6,500 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Mark Yeomans sold 6,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total value of C$400,297.95.

TC Energy Stock Up 0.9 %

Shares of TSE TRP traded up C$0.56 during trading on Friday, hitting C$62.23. The stock had a trading volume of 826,808 shares, compared to its average volume of 6,210,628. The company has a market capitalization of C$64.72 billion, a PE ratio of 18.63, a PEG ratio of 0.26 and a beta of 0.81. TC Energy Co. has a 12 month low of C$44.70 and a 12 month high of C$62.27. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The firm has a fifty day moving average of C$56.59 and a two-hundred day moving average of C$53.97.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion. As a group, equities research analysts forecast that TC Energy Co. will post 4.3133803 EPS for the current fiscal year.

TC Energy Dividend Announcement

The business also recently announced 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. This represents a $3.84 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio is currently 116.01%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TRP shares. Wells Fargo & Company increased their target price on TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. BMO Capital Markets raised their price target on TC Energy from C$55.00 to C$57.00 in a research note on Friday, August 2nd. Barclays raised their price target on TC Energy from C$61.00 to C$64.00 in a report on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, CIBC boosted their price target on TC Energy from C$56.00 to C$59.00 in a report on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TC Energy has an average rating of “Moderate Buy” and an average price target of C$57.77.

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.