TC Energy Co. (TSE:TRP) Senior Officer Dawn Elizabeth De Lima Purchases 555 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima bought 555 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average cost of C$62.82 per share, for a total transaction of C$34,865.66.

TC Energy Stock Down 0.5 %

TRP stock traded down C$0.29 during trading on Wednesday, reaching C$62.78. 1,048,019 shares of the stock were exchanged, compared to its average volume of 6,151,704. TC Energy Co. has a twelve month low of C$44.70 and a twelve month high of C$64.28. The firm has a market cap of C$65.29 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. The firm’s 50 day moving average is C$59.57 and its 200 day moving average is C$54.95. 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 announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.89 by C$0.05. The business had revenue of C$4.09 billion during the quarter, compared to the consensus estimate of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, research analysts forecast that TC Energy Co. will post 4.4633124 EPS for the current year.

TC Energy Announces Dividend

The company 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. This represents a $3.84 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TRP shares. Scotiabank lowered their price target on TC Energy from C$68.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. ATB Capital boosted their target price on shares of 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. Barclays increased their price target on shares of TC Energy from C$61.00 to C$64.00 in a research note on Monday, August 19th. National Bankshares upped their target price 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. Finally, BMO Capital Markets upped their price objective on TC Energy from C$57.00 to C$65.00 in a research note on Thursday, September 5th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.