TC Energy Co. (TSE:TRP) Director Lindsay Mackay Sells 3,520 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Lindsay Mackay sold 3,520 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00.

TC Energy Stock Down 0.5 %

Shares of TC Energy stock opened at C$69.60 on Wednesday. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.24. The company has a 50 day moving average of C$64.60 and a 200 day moving average of C$58.62. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The company has a market capitalization of C$72.38 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. As a group, research analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.40%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TRP shares. Jefferies Financial Group upped their price objective on shares of TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. Barclays upped their price objective on shares of TC Energy from C$66.00 to C$67.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday. Scotiabank upped their price objective on shares of TC Energy from C$68.00 to C$74.00 in a research report on Friday, November 8th. Finally, CIBC upped their price objective on shares of TC Energy from C$66.00 to C$67.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$67.62.

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.