TC Energy Co. (TSE:TRP) Director Sells C$428,378.77 in Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Alexandra M. Costello sold 6,159 shares of the firm's stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$69.55, for a total value of C$428,378.77.

TC Energy Stock Performance

TSE:TRP traded up C$0.45 during midday trading on Friday, reaching C$69.25. 4,087,147 shares of the company traded hands, compared to its average volume of 5,756,646. TC Energy Co. has a twelve month low of C$46.07 and a twelve month high of C$70.97. The firm has a market capitalization of C$71.41 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The company has a fifty day moving average price of C$68.19 and a 200 day moving average price of C$67.49.

TC Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.91%. TC Energy's dividend payout ratio is currently 76.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TRP shares. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Finally, CIBC lifted their price objective on TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of "Moderate Buy" and an average target price of C$74.17.

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.