TC Energy Co. (TSE:TRP) Senior Officer Nancy Angenita Johnson Sells 3,328 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Nancy Angenita Johnson sold 3,328 shares of the business’s stock in a transaction that occurred on 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 shares were sold at an average price of C$61.16, for a total value of C$331,133.78.

TC Energy Stock Performance

TSE TRP traded down C$1.27 on Tuesday, hitting C$67.83. 349,592 shares of the company traded hands, compared to its average volume of 6,964,320. The company has a market capitalization of C$70.54 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The business’s 50 day moving average price is C$63.89 and its 200-day moving average price is C$57.81. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$69.61.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. Equities analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

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

Analysts Set New Price Targets

TRP has been the subject of several recent research reports. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Scotiabank upped their target price on TC Energy from C$68.00 to C$74.00 in a research report on Friday. CIBC upped their target price on TC Energy from C$66.00 to C$67.00 in a research report on Friday. ATB Capital upped their target price on TC Energy from C$64.00 to C$65.00 in a research report on Friday. Finally, BMO Capital Markets upped their target price on TC Energy from C$55.00 to C$66.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average 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.