Jawad Masud Sells 6,041 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 6,041 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$63.50, for a total value of C$383,603.50.

TC Energy Trading Down 0.6 %

TRP opened at C$62.69 on Thursday. TC Energy Co. has a 52 week low of C$44.70 and a 52 week high of C$64.28. 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 business has a fifty day simple moving average of C$59.77 and a 200-day simple moving average of C$55.00. The firm has a market cap of C$65.20 billion, a P/E ratio of 18.94, a P/E/G ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. The company had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, equities analysts expect that TC Energy Co. will post 4.4633124 earnings per share for the current year.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a $0.96 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 annualized dividend and a yield of 6.13%. TC Energy’s dividend payout ratio is presently 116.01%.

Wall Street Analyst Weigh In

TRP has been the subject of several analyst reports. Jefferies Financial Group upped their target price on TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Monday, July 29th. National Bankshares upped their price objective on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their target price on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. CIBC increased their price target on shares of TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. Finally, BMO Capital Markets lifted their price target on shares of TC Energy from C$57.00 to C$65.00 in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$58.69.

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.