Christine R. Johnston Sells 16,292 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Christine R. Johnston sold 16,292 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the transaction, the insider now owns 466 shares of the company’s stock, valued at approximately C$27,824.86.

Christine R. Johnston also recently made the following trade(s):

• On Thursday, May 16th, Christine R. Johnston sold 1,330 shares of TC Energy stock. The stock was sold at an average price of C$53.15, for a total transaction of C$70,689.50.

TC Energy Stock Performance

Shares of TSE:TRP traded up C$0.38 on Thursday, reaching C$59.62. The company’s stock had a trading volume of 183,435 shares, compared to its average volume of 6,560,697. The stock’s 50-day moving average is C$54.40 and its two-hundred day moving average is C$53.09. TC Energy Co. has a 52-week low of C$44.70 and a 52-week high of C$60.02. The company has a debt-to-equity ratio of 163.01, a current ratio of 0.94 and a quick ratio of 0.40. The stock has a market capitalization of C$62.00 billion, a P/E ratio of 22.78, a PEG ratio of 0.26 and a beta of 0.74.

TC Energy Dividend Announcement

The company 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 dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a yield of 6.44%. TC Energy’s dividend payout ratio is currently 147.69%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRP. CIBC upped their price objective on shares of TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. ATB Capital upped their price objective on shares of TC Energy from C$54.00 to C$56.00 in a research note on Wednesday, July 24th. Wells Fargo & Company upped their price objective on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from C$55.00 to C$61.00 in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group upped their price objective on shares of 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$56.73.

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.