Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 18,068 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Richard Prior sold 18,068 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$63.00, for a total value of C$1,138,284.00.

Richard Prior also recently made the following trade(s):

• On Friday, August 16th, Richard Prior sold 3,000 shares of TC Energy stock. The stock was sold at an average price of C$44.00, for a total value of C$132,000.00.

TC Energy Trading Down 0.7 %

Shares of TRP stock traded down C$0.45 on Tuesday, hitting C$63.17. The stock had a trading volume of 5,117,765 shares, compared to its average volume of 6,340,647. 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 twelve month low of C$44.70 and a twelve month high of C$64.28. The company has a fifty day moving average price of C$60.32 and a two-hundred day moving average price of C$55.18. The firm has a market cap of C$65.70 billion, a P/E ratio of 19.14, a PEG ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. As a group, analysts forecast that TC Energy Co. will post 4.5431472 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a yield of 6.08%. TC Energy’s payout ratio is 116.01%.

Analyst Upgrades and Downgrades

TRP has been the topic of several recent research reports. CIBC raised their price target on TC Energy from C$56.00 to C$59.00 in a report on Monday, July 15th. ATB Capital raised their target price on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Scotiabank dropped their price target on shares of TC Energy from C$68.00 to C$62.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group raised their price objective on shares of 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, Wells Fargo & Company upped their target price on shares of TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company 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.