TC Energy Co. (TSE:TRP) Director Colin Lindley Sells 3,194 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Colin Lindley sold 3,194 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the completion of the sale, the director now directly owns 697 shares in the company, valued at approximately C$47,883.41. This trade represents a 0.00 % decrease in their position.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$67.42 on Wednesday. The stock has a market cap of C$70.12 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$69.61. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The business has a fifty day simple moving average of C$63.89 and a 200-day simple moving average of C$57.81.

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 the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, sell-side 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. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio is currently 116.01%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of TC Energy from C$66.00 to C$67.00 in a research report on Monday, October 21st. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price objective for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Scotiabank boosted their target price on TC Energy from C$68.00 to C$74.00 in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Finally, National Bankshares upped their price objective on TC Energy from C$60.00 to C$70.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, TC Energy has a consensus rating of “Hold” and a consensus price target 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.