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

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$66.50, for a total value of C$332,500.00.

TC Energy Stock Up 0.3 %

Shares of TSE TRP opened at C$66.74 on Friday. 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 firm’s 50-day moving average is C$67.04 and its two-hundred day moving average is C$61.35. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The company has a market capitalization of C$69.41 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of C$3.90 billion. Equities analysts anticipate that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid 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 payout ratio is presently 116.01%.

Analyst Ratings Changes

TRP has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and raised their price target for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, UBS Group upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. 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 issued a strong buy rating to the company. According to data from MarketBeat, TC Energy has an average rating of “Hold” and an average price target 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.