TC Energy Co. (TSE:TRP) Senior Officer Sells C$1,044,838.00 in Stock

TC Energy Co. (TSE:TRPGet Rating) (NYSE:TRP) Senior Officer Dennis Hebert sold 14,264 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of C$73.25, for a total transaction of C$1,044,838.00. Following the sale, the insider now directly owns 2,472 shares in the company, valued at approximately C$181,074.

TRP stock traded up C$0.63 during midday trading on Tuesday, reaching C$73.99. 2,935,601 shares of the company were exchanged, compared to its average volume of 4,899,449. 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 business has a 50-day moving average price of C$71.42 and a two-hundred day moving average price of C$66.13. TC Energy Co. has a one year low of C$57.71 and a one year high of C$74.39. The firm has a market capitalization of C$72.73 billion and a price-to-earnings ratio of 22.31.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date is Wednesday, June 29th. This represents a $3.60 dividend on an annualized basis and a yield of 4.87%. TC Energy’s dividend payout ratio (DPR) is 106.85%.

A number of research firms have issued reports on TRP. TD Securities upped their target price on shares of TC Energy from C$72.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, April 1st. Wolfe Research downgraded shares of TC Energy to a “sell” rating and set a C$57.00 target price on the stock. in a research report on Monday, April 11th. Scotiabank upped their target price on shares of TC Energy from C$72.00 to C$78.00 in a research report on Wednesday, April 13th. Raymond James set a C$73.00 target price on shares of TC Energy and gave the company an “outperform” rating in a research report on Monday, May 2nd. Finally, Credit Suisse Group increased their price target on shares of TC Energy from C$74.00 to C$80.00 in a research report on Monday, April 11th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$70.81.

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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