TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) Senior Officer Christine R. Johnston sold 14,320 shares of the company’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of C$73.50, for a total value of C$1,052,520.00. Following the sale, the insider now directly owns 3,715 shares in the company, valued at approximately C$273,052.50.
Christine R. Johnston also recently made the following trade(s):
- On Friday, May 6th, Christine R. Johnston sold 793 shares of TC Energy stock. The stock was sold at an average price of C$71.10, for a total value of C$56,382.30.
- On Wednesday, March 2nd, Christine R. Johnston sold 16,977 shares of TC Energy stock. The stock was sold at an average price of C$69.50, for a total value of C$1,179,901.50.
- On Tuesday, February 22nd, Christine R. Johnston sold 13,437 shares of TC Energy stock. The stock was sold at an average price of C$66.70, for a total value of C$896,247.90.
TC Energy stock traded down C$0.31 during mid-day trading on Thursday, reaching C$73.07. The company had a trading volume of 576,498 shares, compared to its average volume of 4,944,707. TC Energy Co. has a 1 year low of C$57.71 and a 1 year high of C$74.39. The company has a debt-to-equity ratio of 163.99, a current ratio of 0.61 and a quick ratio of 0.36. The company has a market capitalization of C$71.83 billion and a P/E ratio of 22.05. The stock’s 50-day simple moving average is C$71.18 and its 200-day simple moving average is C$65.99.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $3.60 dividend on an annualized basis and a yield of 4.93%. TC Energy’s dividend payout ratio (DPR) is presently 106.85%.
Several research firms recently commented on TRP. CIBC raised TC Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from C$73.00 to C$77.00 in a report on Thursday, May 12th. Scotiabank increased their target price on TC Energy from C$72.00 to C$78.00 in a report on Wednesday, April 13th. BMO Capital Markets increased their target price on TC Energy from C$70.00 to C$73.00 in a report on Wednesday, February 16th. National Bankshares upped their price objective on shares of TC Energy from C$65.00 to C$66.00 and gave the company a “sector perform” rating in a research note on Thursday, February 17th. Finally, CSFB upped their price objective on shares of TC Energy from C$74.00 to C$80.00 in a research note on Monday, April 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average price target of C$70.70.
About TC Energy (Get Rating)
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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