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 TC Energy stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$62.39, for a total value 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 shares were sold at an average price of C$61.58, for a total transaction of C$400,297.95.

TC Energy Stock Performance

TSE:TRP traded up C$1.62 during trading hours on Friday, reaching C$62.65. 28,543,519 shares of the stock were exchanged, compared to its average volume of 6,306,721. The firm has a 50 day simple moving average of C$59.93 and a 200-day simple moving average of 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 Co. has a 52 week low of C$44.70 and a 52 week high of C$64.28. The stock has a market capitalization of C$65.16 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data 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 net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion for the quarter, compared to the consensus estimate of C$3.78 billion. As a group, sell-side analysts forecast that TC Energy Co. will post 4.4633124 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio is currently 116.01%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRP. ATB Capital boosted 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. Wells Fargo & Company raised their price target on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. National Bankshares increased their price target on TC Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Jefferies Financial Group upped their target price on TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, BMO Capital Markets increased their price objective on shares of TC Energy from C$57.00 to C$65.00 in a report on Thursday, September 5th. Five equities 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 company has a consensus rating of “Moderate Buy” and a consensus 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.