David Brast Sells 6,743 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast sold 6,743 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$69.01, for a total transaction of C$465,353.98.

TC Energy Trading Down 0.7 %

Shares of TSE:TRP opened at C$69.65 on Friday. The company has a market capitalization of C$72.44 billion, a PE ratio of 21.04, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The business’s fifty day simple moving average is C$65.01 and its 200-day simple moving average is C$59.04.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, equities research analysts predict that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.39%. TC Energy’s dividend payout ratio is presently 116.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRP shares. Barclays upped their target price on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday. Scotiabank increased their target price on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday. Royal Bank of Canada raised their price target on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Finally, ATB Capital boosted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$69.54.

TC Energy Company Profile

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.