Mark Yeomans Sells 6,764 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Mark Yeomans sold 6,764 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$62.39, for a total transaction of C$422,031.66.

Mark Yeomans also recently made the following trade(s):

• On Thursday, August 29th, Mark Yeomans sold 6,500 shares of TC Energy stock. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95.

TC Energy Stock Up 2.7 %

Shares of TSE TRP opened at C$62.65 on Friday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. TC Energy Co. has a 1 year low of C$44.70 and a 1 year high of C$64.28. The stock’s 50-day simple moving average is C$60.12 and its 200-day simple moving average is C$55.11. The firm has a market cap of C$65.16 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.26 and a beta of 0.82.

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 the consensus estimate of C$0.89 by C$0.05. The company had revenue of C$4.09 billion for the quarter, compared to the consensus estimate of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, equities analysts anticipate that TC Energy Co. will post 4.5431472 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

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 annualized dividend and a yield of 6.13%. TC Energy’s dividend payout ratio is presently 116.01%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRP shares. National Bankshares boosted their price target on TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. CIBC increased their target price on shares of TC Energy from C$56.00 to C$59.00 in a research report on Monday, July 15th. ATB Capital lifted their price target on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. Scotiabank dropped their price objective on shares of TC Energy from C$68.00 to C$62.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.