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

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 Stock Performance

Shares of TC Energy stock opened at C$66.74 on Friday. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.32. The business has a 50-day simple moving average of C$67.04 and a 200-day simple moving average of C$61.35. 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 company has a market cap of C$69.41 billion, a PE ratio of 20.16, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The business 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%. On average, equities research analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $1.113 dividend. 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. This represents a $4.45 annualized dividend and a yield of 6.67%. TC Energy’s dividend payout ratio is 116.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Royal Bank of Canada upped their target price on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Barclays lifted their price target on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, National Bankshares lifted their target price on shares of TC Energy from C$70.00 to C$71.00 in a 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.