Jessica A. Kirstine Sells 3,394 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jessica A. Kirstine sold 3,394 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$69.00, for a total transaction of C$234,186.00. Following the transaction, the director now owns 725 shares in the company, valued at approximately C$50,025. The trade was a 82.40 % decrease in their ownership of the stock.

TC Energy Stock Performance

TSE:TRP traded up C$0.24 during mid-day trading on Friday, reaching C$68.89. 231,533 shares of the company’s stock were exchanged, compared to its average volume of 6,909,980. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The firm has a market capitalization of C$71.65 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a one year low of C$43.83 and a one year high of C$69.61. The business’s fifty day simple moving average is C$64.22 and its two-hundred day simple moving average is C$58.20.

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

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.46%. 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 dividend payout ratio is presently 116.01%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRP. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Jefferies Financial Group lifted their target price on TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, September 30th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Barclays increased their price objective on TC Energy from C$66.00 to C$67.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$66.15.

TC Energy Company Profile

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.