TC Energy Co. (TSE:TRP) Director Acquires C$431,947.64 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Alexander (Alex) Oehler bought 6,540 shares of TC Energy stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of C$66.05 per share, with a total value of C$431,947.64.

TC Energy Stock Performance

Shares of TC Energy stock traded up C$0.31 on Monday, reaching C$67.05. 1,084,203 shares of the stock were exchanged, compared to its average volume of 6,727,089. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.32. 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 business has a fifty day moving average price of C$67.04 and a two-hundred day moving average price of C$61.46. The firm has a market capitalization of C$69.73 billion, a PE ratio of 20.26, a PEG ratio of 1.69 and a beta of 0.82.

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

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a yield of 6.64%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TRP shares. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Veritas raised TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price target on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. Raymond James raised shares of TC Energy to a “hold” rating in a report on Thursday, November 21st. Finally, Barclays upped their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and an average target price 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.