Nancy Angenita Johnson Sells 3,328 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Nancy Angenita Johnson sold 3,328 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$67.75, for a total transaction of C$225,472.00.

Nancy Angenita Johnson also recently made the following trade(s):

• On Monday, August 19th, Nancy Angenita Johnson sold 5,414 shares of TC Energy stock. The stock was sold at an average price of C$61.16, for a total transaction of C$331,133.78.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$67.83 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The firm has a market capitalization of C$70.54 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.69 and a beta of 0.82. The business has a fifty day simple moving average of C$63.99 and a two-hundred day simple moving average of C$57.93. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$69.61.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, equities analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal 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 is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.56%. 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 Upgrades and Downgrades

TRP has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. ATB Capital increased their price target on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Barclays raised their target price on shares of TC Energy from C$66.00 to C$67.00 in a report on Monday, October 21st. Finally, CIBC raised their target price on shares of TC Energy from C$66.00 to C$67.00 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.