Trevor Ebl Sells 9,554 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Trevor Ebl sold 9,554 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total value of C$654,219.70.

TC Energy Price Performance

TRP opened at C$67.83 on Thursday. 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 capitalization of C$70.54 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock’s 50 day moving average price is C$63.99 and its 200-day moving average price is C$57.93. 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 quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) 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 business had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. On average, equities research analysts predict that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared 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. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio is presently 116.01%.

Wall Street Analysts Forecast Growth

TRP has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of TC Energy from C$68.00 to C$74.00 in a report on Friday, November 8th. Veritas raised shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. National Bankshares upped their price target on shares of TC Energy from C$60.00 to C$70.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on TC Energy from C$55.00 to C$66.00 in a report on Friday, November 8th. Finally, Barclays increased their target price on TC Energy from C$66.00 to C$67.00 in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.