Insider Selling: TC Energy Co. (TSE:TRP) Senior Officer Sells 118,243 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Francois Lionel Poirier sold 118,243 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total value of C$8,085,219.85.

TC Energy Trading Up 1.9 %

Shares of TSE:TRP traded up C$1.30 during trading on Thursday, reaching C$70.09. 702,923 shares of the company were exchanged, compared to its average volume of 6,834,265. The firm has a market capitalization of C$72.89 billion, a PE ratio of 20.78, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.24. The business’s fifty day simple moving average is C$64.70 and its 200-day simple moving average is C$58.75.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (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 for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, research analysts anticipate 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. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This represents a $4.45 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is currently 116.01%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. ATB Capital upped their price target on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. BMO Capital Markets lifted their target price on shares of TC Energy from C$66.00 to C$70.00 in a research report on Wednesday. Barclays boosted their price objective on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and a consensus price target of C$69.54.

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.