TC Energy Co. (TSE:TRP) Director Jawad Masud Sells 6,041 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 6,041 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$63.50, for a total transaction of C$383,603.50.

TC Energy Stock Down 0.8 %

Shares of TSE TRP opened at C$63.07 on Wednesday. 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 1 year low of C$44.70 and a 1 year high of C$64.28. The company has a 50 day simple moving average of C$59.57 and a 200 day simple moving average of C$54.95. The firm has a market cap of C$65.59 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. On average, research analysts forecast that TC Energy Co. will post 4.4633124 EPS for the current year.

TC Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a yield of 6.09%. TC Energy’s payout ratio is currently 116.01%.

Analyst Ratings Changes

TRP has been the subject of a number of research analyst reports. ATB Capital lifted their price target on TC Energy from C$56.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. CIBC upped their price target on shares of TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. Barclays increased their price target on TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Jefferies Financial Group raised their target price on shares of TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, National Bankshares lifted their price target on TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$58.69.

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.