Michael Robert Culbert Sells 500 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Michael Robert Culbert sold 500 shares of TC Energy stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$20.86, for a total transaction of C$10,430.00.

TC Energy Stock Performance

TC Energy stock opened at C$65.22 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The company has a market cap of C$67.83 billion, a PE ratio of 19.70, a PEG ratio of 1.69 and a beta of 0.82. The company’s 50-day moving average is C$66.65 and its two-hundred day moving average is C$60.77. TC Energy Co. has a 1 year low of C$43.83 and a 1 year high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data 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 net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. Equities analysts anticipate that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The firm 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 dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.83%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio is presently 116.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Veritas raised TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their price target on TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. BMO Capital Markets increased their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. National Bankshares boosted their price target on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Finally, Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock 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.