TC Energy Co. (TSE:TRP) Director Alexander (Alex) Oehler Acquires 6,540 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Alexander (Alex) Oehler bought 6,540 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$66.05 per share, with a total value of C$431,947.64.

TC Energy Stock Performance

TSE:TRP opened at C$66.99 on Thursday. The stock has a 50-day moving average price of C$67.10 and a 200 day moving average price of C$61.67. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The stock has a market capitalization of C$69.67 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released 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 firm had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Equities research analysts forecast that TC Energy Co. will post 3.5490515 EPS 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. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.65%. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Analysts Set New Price Targets

A number of analysts recently commented on TRP shares. ATB Capital upped their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Jefferies Financial Group increased their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. BMO Capital Markets raised their price objective on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Wells Fargo & Company lifted their price target on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TC Energy has an average rating of “Hold” and a consensus price target 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.