TC Energy Co. (TSE:TRP) Senior Officer Sells C$225,472.00 in Stock

by · The Cerbat Gem

TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) Senior Officer Nancy Angenita Johnson sold 3,328 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$67.75, for a total transaction of C$225,472.00.

Nancy Angenita Johnson also recently made the following trade(s):

  • On Monday, August 19th, Nancy Angenita Johnson sold 5,414 shares of TC Energy stock. The stock was sold at an average price of C$61.16, for a total value of C$331,133.78.

TC Energy Stock Performance

TRP stock opened at C$68.65 on Friday. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$69.61. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock has a 50-day moving average price of C$64.10 and a 200-day moving average price of C$58.06. The firm has a market cap of C$71.40 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, equities research analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is 116.01%.

Analyst Ratings Changes

A number of research firms have recently commented on TRP. BMO Capital Markets boosted their price target on TC Energy from C$55.00 to C$66.00 in a report on Friday, November 8th. National Bankshares increased their price target on TC Energy from C$60.00 to C$70.00 in a research note on Friday, November 8th. Royal Bank of Canada lifted their price target on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and upped their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a report on Tuesday, October 8th. Two 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$66.15.

Get Our Latest Stock Analysis on TRP

TC Energy Company Profile

(Get Free Report)

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.

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