Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 18,068 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Richard Prior sold 18,068 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$63.00, for a total transaction of C$1,138,284.00.

Richard Prior also recently made the following trade(s):

• On Friday, August 16th, Richard Prior sold 3,000 shares of TC Energy stock. The stock was sold at an average price of C$44.00, for a total transaction of C$132,000.00.

TC Energy Price Performance

Shares of TSE:TRP traded down C$0.45 on Tuesday, hitting C$63.17. The stock had a trading volume of 5,117,765 shares, compared to its average volume of 6,340,647. The company has a market capitalization of C$65.70 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. 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 firm’s 50 day moving average price is C$60.32 and its 200-day moving average price is C$55.18. TC Energy Co. has a twelve month low of C$44.70 and a twelve month high of C$64.28.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly 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. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. On average, equities research analysts predict that TC Energy Co. will post 4.5431472 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. Investors of record on Friday, September 27th will be issued a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a yield of 6.08%. TC Energy’s dividend payout ratio is 116.01%.

Analyst Upgrades and Downgrades

TRP has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. ATB Capital lifted their price objective on TC Energy from C$56.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. National Bankshares upped their target price on TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. CIBC raised their target price on TC Energy from C$56.00 to C$59.00 in a research report on Monday, July 15th. Finally, Jefferies Financial Group boosted their price target on shares of TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and an average target price 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.