Dawn Elizabeth De Lima Purchases 555 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima acquired 555 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of C$62.82 per share, for a total transaction of C$34,865.66.

TC Energy Trading Down 2.6 %

TSE:TRP opened at C$61.03 on Friday. TC Energy Co. has a 52 week low of C$44.70 and a 52 week high of C$64.28. The stock has a market cap of C$63.47 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.26 and a beta of 0.82. The company’s 50 day moving average price is C$59.93 and its 200-day moving average price is C$55.04. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion. On average, equities research analysts forecast that TC Energy Co. will post 4.4633124 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is 116.01%.

Analyst Ratings Changes

Several analysts recently weighed in on TRP shares. Wells Fargo & Company lifted their price target on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. National Bankshares lifted their target price on shares of 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. BMO Capital Markets increased their target price on TC Energy from C$57.00 to C$65.00 in a research report on Thursday, September 5th. Barclays increased their price target on shares of TC Energy from C$61.00 to C$64.00 in a research note on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.