TC Energy Co. (TSE:TRP) Director Mark Yeomans Sells 6,764 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Mark Yeomans sold 6,764 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$62.39, for a total transaction of C$422,031.66.

Mark Yeomans also recently made the following trade(s):

• On Thursday, August 29th, Mark Yeomans sold 6,500 shares of TC Energy stock. The stock was sold at an average price of C$61.58, for a total value of C$400,297.95.

TC Energy Trading Up 2.7 %

Shares of TC Energy stock opened at C$62.65 on Friday. The firm has a market capitalization of C$65.16 billion, a PE ratio of 18.93, a P/E/G ratio of 0.26 and a beta of 0.82. The firm’s 50-day moving average price is C$60.12 and its 200 day moving average price is C$55.10. TC Energy Co. has a twelve month low of C$44.70 and a twelve month high of C$64.28. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping the consensus estimate of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion for the quarter, compared to the consensus estimate of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, sell-side analysts predict that TC Energy Co. will post 4.5431472 EPS for the current fiscal year.

TC Energy Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective 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. BMO Capital Markets raised their price target on shares of TC Energy from C$57.00 to C$65.00 in a research report on Thursday, September 5th. ATB Capital boosted their target price on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. CIBC boosted their price target on TC Energy from C$56.00 to C$59.00 in a report on Monday, July 15th. Finally, Wells Fargo & Company raised their target price on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$58.69.

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.