TC Energy Co. (TSE:TRP) Director Alexander (Alex) Oehler Purchases 6,540 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Alexander (Alex) Oehler acquired 6,540 shares of TC Energy stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$66.05 per share, with a total value of C$431,947.64.

TC Energy Trading Up 0.4 %

Shares of TC Energy stock opened at C$67.03 on Tuesday. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.32. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a market cap of C$69.71 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.69 and a beta of 0.82. The stock’s 50 day simple moving average is C$67.06 and its 200-day simple moving average is C$61.54.

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 return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. Analysts predict that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 6.64%. 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 (DPR) is presently 116.01%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TRP shares. Scotiabank increased their price target on TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Raymond James upgraded TC Energy to a “hold” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price target on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. National Bankshares increased their price objective on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Finally, Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus price target of C$69.77.

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.