TC Energy Co. (TSE:TRP) Senior Officer Purchases C$34,367.70 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima purchased 545 shares of TC Energy stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average cost of C$63.06 per share, with a total value of C$34,367.70.

Dawn Elizabeth De Lima also recently made the following trade(s):

• On Wednesday, September 18th, Dawn Elizabeth De Lima acquired 555 shares of TC Energy stock. The shares were acquired at an average price of C$62.82 per share, for a total transaction of C$34,865.66.

TC Energy Trading Down 0.6 %

Shares of TC Energy stock opened at C$63.18 on Friday. The firm has a market cap of C$65.71 billion, a PE ratio of 19.09, a P/E/G ratio of 0.26 and a beta of 0.82. TC Energy Co. has a 1 year low of C$44.70 and a 1 year high of C$64.83. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a fifty day moving average price of C$61.01 and a 200-day moving average price of C$55.43.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. The business had revenue of C$4.09 billion during the quarter, compared to the consensus estimate of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Equities research analysts anticipate that TC Energy Co. will post 4.5431472 EPS for the current year.

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 issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.08%. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Analysts Set New Price Targets

TRP has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price objective on TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. Barclays lifted their target price on TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Scotiabank lowered their price target on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, ATB Capital raised their price objective on TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and an average price target of C$58.62.

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.