Insider Selling: TC Energy Co. (TSE:TRP) Director Sells C$29,227.38 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Kevin B. Engel sold 546 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38.

TC Energy Trading Up 0.0 %

TRP opened at C$51.86 on Friday. The stock has a market capitalization of C$53.93 billion, a PE ratio of 19.95, a P/E/G ratio of 0.26 and a beta of 0.74. TC Energy Co. has a one year low of C$43.70 and a one year high of C$55.28. The company has a debt-to-equity ratio of 163.01, a quick ratio of 0.40 and a current ratio of 0.94. The business’s 50 day moving average price is C$52.14 and its 200 day moving average price is C$52.55.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 EPS for the quarter, topping analysts’ consensus estimates of C$1.14 by C$0.10. TC Energy had a return on equity of 8.37% and a net margin of 17.31%. The company had revenue of C$4.24 billion for the quarter, compared to analysts’ expectations of C$4.26 billion. As a group, equities research analysts expect that TC Energy Co. will post 4.1883013 EPS for the current year.

TC Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.84 annualized dividend and a yield of 7.40%. TC Energy’s dividend payout ratio (DPR) is 147.69%.

Wall Street Analyst Weigh In

TRP has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. JPMorgan Chase & Co. lifted their target price 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. Finally, Jefferies Financial Group increased their target price on shares of TC Energy from C$51.00 to C$52.00 and gave the company a “hold” rating in a research report on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average 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.