TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) Director Richard Prior purchased 1,100 shares of the company's stock in a transaction dated Friday, September 23rd. The stock was purchased at an average price of C$56.14 per share, for a total transaction of C$61,751.19. Following the completion of the purchase, the director now owns 13,575 shares in the company, valued at C$762,065.83.
Richard Prior also recently made the following trade(s):
Get TC Energy alerts:- On Wednesday, August 17th, Richard Prior bought 600 shares of TC Energy stock. The stock was purchased at an average cost of C$64.00 per share, for a total transaction of C$38,400.00.
TC Energy Stock Down 5.3 %
TRP opened at C$59.21 on Friday. The company has a market capitalization of C$59.92 billion and a PE ratio of 18.45. The firm has a 50-day simple moving average of C$65.03 and a two-hundred day simple moving average of C$68.59. The company has a quick ratio of 0.42, a current ratio of 0.64 and a debt-to-equity ratio of 174.30. TC Energy Co. has a 52 week low of C$57.71 and a 52 week high of C$74.44.
TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last announced its quarterly earnings results on Thursday, July 28th. The company reported C$1.00 EPS for the quarter, beating analysts' consensus estimates of C$0.99 by C$0.01. The firm had revenue of C$3.64 billion for the quarter, compared to the consensus estimate of C$3.36 billion. Analysts forecast that TC Energy Co. will post 4.31 earnings per share for the current fiscal year.TC Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Thursday, September 29th. TC Energy's dividend payout ratio (DPR) is presently 110.28%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on TRP shares. UBS Group lowered their price objective on shares of TC Energy from C$66.00 to C$64.00 in a research note on Tuesday, August 16th. BMO Capital Markets dropped their price target on shares of TC Energy from C$72.00 to C$70.00 in a research note on Tuesday, September 20th. Royal Bank of Canada reduced their price objective on TC Energy from C$79.00 to C$78.00 and set an "outperform" rating for the company in a research note on Tuesday, August 2nd. National Bankshares set a C$65.00 price target on TC Energy and gave the company a "sector perform" rating in a report on Thursday, August 11th. Finally, Bank of America decreased their price objective on TC Energy from C$71.00 to C$67.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 20th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$70.32.
TC Energy Company Profile
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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 Storage. The company builds and operates 93,300 km network 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.
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