TC Energy Co. (TSE:TRP) Declares Quarterly Dividend of $0.96

TC Energy Co. (TSE:TRP) (NYSE:TRP) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.96 per share on Wednesday, July 31st. This represents a $3.84 annualized dividend and a yield of 7.27%. The ex-dividend date is Friday, June 28th.

TC Energy Trading Down 1.3 %

Shares of TRP opened at C$52.81 on Thursday. The stock has a market capitalization of C$54.92 billion, a P/E ratio of 20.31, a PEG ratio of 0.26 and a beta of 0.74. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01. The firm has a fifty day simple moving average of C$51.91 and a two-hundred day simple moving average of C$52.54. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$55.28.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, May 3rd. The company reported C$1.24 EPS for the quarter, topping the consensus estimate of C$1.14 by C$0.10. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. The business had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$4.26 billion. On average, research analysts anticipate that TC Energy will post 4.1883013 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard Prior sold 5,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$40.00, for a total value of C$200,000.00. In related news, Senior Officer Christine R. Johnston sold 1,330 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$53.15, for a total transaction of C$70,689.50. Following the sale, the insider now owns 466 shares of the company’s stock, valued at C$24,767.90. Also, Director Richard Prior sold 5,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$40.00, for a total transaction of C$200,000.00. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRP. Jefferies Financial Group upped their price objective on shares of TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Wells Fargo & Company increased their price target on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of TC Energy from C$58.00 to C$59.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$54.94.

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.