TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Alexandra M. Costello sold 6,159 shares of TC Energy stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$69.55, for a total transaction of C$428,378.77.
TC Energy Price Performance
TSE TRP traded up C$0.45 on Friday, hitting C$69.25. The company had a trading volume of 4,087,147 shares, compared to its average volume of 5,756,646. The company has a market capitalization of C$71.41 billion, a PE ratio of 13.77, a PEG ratio of 1.69 and a beta of 0.82. The company's fifty day moving average price is C$68.19 and its 200-day moving average price is C$67.49. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. TC Energy Co. has a 12-month low of C$46.07 and a 12-month high of C$70.97.
TC Energy Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.91%. TC Energy's dividend payout ratio is presently 76.37%.
Wall Street Analyst Weigh In
TRP has been the topic of several research reports. Royal Bank of Canada boosted their price objective on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Cibc World Mkts raised shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. CIBC boosted their price objective on shares of TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, TD Securities boosted their price objective on shares of TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$74.17.
View Our Latest Report on TC Energy
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 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.
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