Jessica A. Kirstine Sells 3,394 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jessica A. Kirstine sold 3,394 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$69.00, for a total transaction of C$234,186.00. Following the sale, the director now owns 725 shares in the company, valued at approximately C$50,025. This trade represents a 82.40 % decrease in their position.

TC Energy Stock Up 0.6 %

TSE TRP opened at C$69.05 on Friday. The business’s 50-day moving average is C$64.34 and its 200 day moving average is C$58.40. The stock has a market capitalization of C$71.81 billion, a PE ratio of 20.86, a PEG 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 1 year low of C$43.83 and a 1 year 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of C$3.90 billion. Sell-side analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.45%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Analyst Ratings Changes

A number of research firms have weighed in on TRP. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and raised their price target for the company from C$62.00 to C$78.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. BMO Capital Markets boosted their price objective on shares of TC Energy from C$55.00 to C$66.00 in a report on Friday, November 8th. Finally, National Bankshares increased their target price on shares of TC Energy from C$60.00 to C$70.00 in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, TC Energy presently has an average 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.