Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 3,194 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Colin Lindley sold 3,194 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the transaction, the director now owns 697 shares of the company’s stock, valued at approximately C$47,883.41. This represents a 0.00 % decrease in their position.

TC Energy Stock Performance

TRP traded down C$1.27 during trading hours on Tuesday, reaching C$67.83. The company’s stock had a trading volume of 349,592 shares, compared to its average volume of 6,964,320. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The company’s 50-day moving average is C$63.89 and its 200-day moving average is C$57.81. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$69.61. The firm has a market cap of C$70.54 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping 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 the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, equities analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a yield of 6.56%. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analyst Weigh In

TRP has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on TC Energy from C$67.00 to C$71.00 in a research note on Friday. ATB Capital upped their target price on shares of TC Energy from C$64.00 to C$65.00 in a research note on Friday. National Bankshares increased their price objective on TC Energy from C$60.00 to C$70.00 in a report on Friday. Scotiabank boosted their target price on TC Energy from C$68.00 to C$74.00 in a research note on Friday. Finally, BMO Capital Markets raised their price target on shares of TC Energy from C$55.00 to C$66.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.