TC Energy (TSE:TRP) Shares Pass Above 200-Day Moving Average of $52.50

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$52.50 and traded as high as C$52.84. TC Energy shares last traded at C$52.71, with a volume of 29,681,310 shares.

Analyst Ratings Changes

TRP has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. increased their target price on TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company increased their target price on TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$54.94.

TC Energy Stock Performance

The stock has a market capitalization of C$54.82 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 0.26 and a beta of 0.74. The stock has a fifty day moving average of C$51.74 and a 200-day moving average of C$52.50. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, May 3rd. The company reported C$1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.14 by C$0.10. The firm had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$4.26 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.31%. Equities analysts anticipate that TC Energy Co. will post 4.1883013 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date is Friday, June 28th. TC Energy’s dividend payout ratio (DPR) is currently 147.69%.

Insider Transactions at TC Energy

In related news, Director Richard Prior sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$40.00, for a total transaction of C$200,000.00. In other TC Energy news, Director Richard Prior sold 5,000 shares of TC Energy stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$40.00, for a total value of C$200,000.00. Also, Senior Officer Christine R. Johnston sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total value of C$70,689.50. Following the sale, the insider now directly owns 466 shares in the company, valued at approximately C$24,767.90. Insiders own 0.04% of the company’s stock.

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.