TC Energy (TSE:TRP) Reaches New 1-Year High at $60.25

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$60.25 and last traded at C$60.10, with a volume of 541577 shares changing hands. The stock had previously closed at C$60.19.

Analyst Upgrades and Downgrades

TRP has been the topic of a number of recent research reports. Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from C$55.00 to C$61.00 in a report on Wednesday, July 17th. 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. National Bankshares boosted their price target on TC Energy from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on TC Energy from C$55.00 to C$57.00 in a report on Friday, August 2nd. Finally, Jefferies Financial Group upped their target price on TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$57.15.

TC Energy Trading Down 0.5 %

The firm has a fifty day moving average of C$55.00 and a 200-day moving average of C$53.30. 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 stock has a market capitalization of C$62.28 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 0.26 and a beta of 0.74.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is presently 147.69%.

Insider Buying and Selling at TC Energy

In other news, Director Kevin B. Engel sold 546 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total value of C$29,227.38. In related news, Director Kevin B. Engel sold 546 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$53.53, for a total value of C$29,227.38. Also, Senior Officer Christine R. Johnston sold 1,330 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$53.15, for a total value of C$70,689.50. Following the completion of the transaction, the insider now directly owns 466 shares of the company’s stock, valued at approximately C$24,767.90. Insiders sold 27,441 shares of company stock valued at $1,527,150 over the last 90 days. 0.04% of the stock is owned by corporate insiders.

About TC Energy

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.