TC Energy Co. (TSE:TRP) Director David Brast Sells 6,743 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast sold 6,743 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$69.01, for a total transaction of C$465,353.98.

TC Energy Stock Down 0.1 %

Shares of TSE:TRP traded down C$0.09 during midday trading on Friday, hitting C$70.05. 261,633 shares of the company’s stock were exchanged, compared to its average volume of 6,817,122. The company has a market cap of C$72.85 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. 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 50 day moving average price of C$64.86 and a 200-day moving average price of C$58.90.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results 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. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. On average, sell-side analysts anticipate that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The business 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 $1.113 dividend. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is 116.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRP. Wells Fargo & Company increased their price target on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on TC Energy from C$70.00 to C$79.00 in a research note on Monday. Scotiabank upped their price objective on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. Finally, UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$69.54.

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.