TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) shares hit a new 52-week low on Tuesday . The company traded as low as C$57.55 and last traded at C$57.66, with a volume of 2247237 shares. The stock had previously closed at C$58.06.
Analyst Ratings Changes
Several research firms have weighed in on TRP. BMO Capital Markets lowered their target price on TC Energy from C$72.00 to C$70.00 in a research note on Tuesday, September 20th. Raymond James lowered their target price on TC Energy from C$68.00 to C$67.00 and set a "market perform" rating on the stock in a research note on Friday, July 29th. CSFB lowered their target price on TC Energy from C$80.00 to C$74.50 in a research note on Friday, July 22nd. UBS Group lowered their target price on TC Energy from C$66.00 to C$64.00 in a research note on Tuesday, August 16th. Finally, Scotiabank lowered their price target on TC Energy from C$78.00 to C$76.00 in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of C$70.32.
Get TC Energy alerts:TC Energy Stock Down 0.6 %
The business has a 50 day moving average of C$64.84 and a 200 day moving average of C$68.48. The company has a debt-to-equity ratio of 174.30, a current ratio of 0.64 and a quick ratio of 0.42. The firm has a market capitalization of C$58.40 billion and a price-to-earnings ratio of 18.09.
TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last issued its 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 during the quarter, compared to analyst estimates of C$3.36 billion. On average, equities analysts anticipate that TC Energy Co. will post 4.31 EPS for the current year.TC Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date is Thursday, September 29th. TC Energy's dividend payout ratio (DPR) is 110.28%.
Insider Buying and Selling at TC Energy
In other news, Director Mark Yeomans sold 950 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of C$63.92, for a total transaction of C$60,724.48. Following the sale, the director now owns 2,037 shares in the company, valued at C$130,206.06. In other TC Energy news, Senior Officer Patrick C. Muttart bought 2,470 shares of the firm's stock in a transaction dated Monday, August 8th. The shares were bought at an average price of C$63.35 per share, for a total transaction of C$156,467.58. Following the completion of the acquisition, the insider now owns 7,058 shares of the company's stock, valued at C$447,104.54. Also, Director Mark Yeomans sold 950 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of C$63.92, for a total value of C$60,724.48. Following the sale, the director now owns 2,037 shares in the company, valued at approximately C$130,206.06. Insiders have purchased 5,880 shares of company stock worth $363,444 over the last three months.
About TC Energy
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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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