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

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Colin Lindley sold 3,194 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 Trading Down 2.4 %

Shares of TRP stock opened at C$67.42 on Wednesday. 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 stock has a market cap of C$70.12 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm’s 50 day moving average price is C$63.89 and its two-hundred day moving average price is C$57.81. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two 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 the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, analysts anticipate that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a dividend 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 116.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and raised their price objective for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Barclays increased their target price on shares of TC Energy from C$66.00 to C$67.00 in a research note on Monday, October 21st. Finally, UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.