Jawad Masud Sells 5,000 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 5,000 shares of TC Energy stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$66.50, for a total transaction of C$332,500.00.

TC Energy Trading Up 0.3 %

TSE TRP opened at C$66.74 on Friday. The company’s fifty day moving average price is C$67.04 and its two-hundred day moving average price is C$61.41. The company has a market capitalization of C$69.41 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.32. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, 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 declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.67%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s payout ratio is 116.01%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRP. Scotiabank lifted their target price on shares of TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. ATB Capital boosted their price target on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Finally, Barclays increased their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$69.77.

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.