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 business’s stock in a transaction that occurred 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 transaction of C$132,000.00.

TC Energy Stock Performance

TSE:TRP opened at C$64.55 on Friday. 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 twelve month low of C$44.70 and a twelve month high of C$64.83. The stock has a market cap of C$67.13 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. The firm’s fifty day simple moving average is C$60.69 and its 200 day simple moving average is C$55.31.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) 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 company had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. As a group, research analysts predict that TC Energy Co. will post 4.5431472 EPS for the current year.

TC Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio is currently 116.01%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRP shares. Barclays upped their price objective on shares of TC Energy from C$61.00 to C$64.00 in a research note on Monday, August 19th. CIBC raised their price objective on TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. Scotiabank lowered their target price on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Wednesday. National Bankshares raised their price target on TC Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group lifted their price target on TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$58.62.

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.