TC Energy Co. (TSE:TRP) Director Jessica A. Kirstine Sells 3,394 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jessica A. Kirstine sold 3,394 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$69.00, for a total value of C$234,186.00. Following the transaction, the director now directly owns 725 shares in the company, valued at C$50,025. The trade was a 82.40 % decrease in their position.

TC Energy Trading Up 0.6 %

TC Energy stock opened at C$69.05 on Friday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a market cap of C$71.81 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock has a 50-day moving average of C$64.34 and a two-hundred day moving average of C$58.33. TC Energy Co. has a one year low of C$43.83 and a one year high of C$69.61.

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

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is presently 116.01%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TRP shares. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their target price for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. BMO Capital Markets boosted their price objective on shares of TC Energy from C$55.00 to C$66.00 in a research note on Friday, November 8th. Jefferies Financial Group increased their target price on TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Finally, Veritas raised TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Two equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus target price of C$66.15.

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.