Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 500 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Michael Robert Culbert sold 500 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of C$20.86, for a total transaction of C$10,430.00.

TC Energy Price Performance

TSE:TRP opened at C$65.22 on Friday. 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 firm has a market cap of C$67.83 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.32. The firm’s 50-day simple moving average is C$66.65 and its 200 day simple moving average is C$60.77.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. As a group, sell-side analysts predict that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently declared 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 6.83%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is presently 116.01%.

Analysts Set New Price Targets

TRP has been the subject of a number of recent research reports. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. 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 note on Friday, October 25th. Wells Fargo & Company upped their price objective on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Raymond James raised shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada upped their price target on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have issued 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, TC Energy currently has a consensus rating of “Hold” and an average target price of C$69.77.

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.