Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 1,750 Shares of Stock

TC Energy Co. (TSE:TRPGet Rating) (NYSE:TRP) Director Robert C. Jacobucci sold 1,750 shares of the company’s stock in a transaction that occurred on Thursday, November 24th. The shares were sold at an average price of C$65.06, for a total value of C$113,855.88. Following the transaction, the director now directly owns 3,285 shares of the company’s stock, valued at C$213,723.74.

TC Energy Trading Up 0.3 %

Shares of TSE TRP traded up C$0.20 during midday trading on Thursday, reaching C$65.37. 426,667 shares of the stock were exchanged, compared to its average volume of 4,950,838. The business has a 50-day simple moving average of C$59.92 and a two-hundred day simple moving average of C$65.09. The company has a market capitalization of C$65.37 billion and a price-to-earnings ratio of 20.00. TC Energy Co. has a 12 month low of C$54.60 and a 12 month high of C$74.44. The company has a debt-to-equity ratio of 164.17, a current ratio of 0.53 and a quick ratio of 0.40.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th will be paid a $0.90 dividend. The ex-dividend date is Thursday, December 29th. This represents a $3.60 annualized dividend and a yield of 5.51%. TC Energy’s payout ratio is currently 109.85%.

Analyst Ratings Changes

Several equities analysts have recently commented on TRP shares. Royal Bank of Canada lowered their target price on TC Energy from C$78.00 to C$75.00 and set an “outperform” rating for the company in a report on Thursday, November 10th. CIBC lowered their target price on TC Energy from C$75.00 to C$68.00 in a report on Tuesday, October 11th. Raymond James lowered their target price on TC Energy from C$67.00 to C$65.00 in a report on Friday, November 11th. BMO Capital Markets lowered their target price on TC Energy from C$72.00 to C$70.00 in a report on Tuesday, September 20th. Finally, Barclays reaffirmed a “hold” rating and set a C$65.00 target price (down from C$67.00) on shares of TC Energy in a report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$67.42.

About TC Energy

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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 Storage. The company builds and operates 93,300 km network 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.

Further Reading

Insider Buying and Selling by Quarter for TC Energy (TSE:TRP)

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