TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Russell Mahan sold 11,424 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$70.22, for a total value of C$802,193.28.
Russell Mahan also recently made the following trade(s):
- On Friday, May 2nd, Russell Mahan sold 16,990 shares of TC Energy stock. The shares were sold at an average price of C$69.37, for a total transaction of C$1,178,548.73.
TC Energy Price Performance
TRP stock traded down C$0.09 during trading on Wednesday, hitting C$70.27. The stock had a trading volume of 3,496,772 shares, compared to its average volume of 5,726,526. The company's 50 day moving average price is C$68.24 and its two-hundred day moving average price is C$67.51. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The stock has a market cap of C$72.46 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 1-year low of C$46.07 and a 1-year high of C$71.12.
TC Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.84%. TC Energy's payout ratio is currently 76.37%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Citigroup raised shares of TC Energy to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada raised their price objective on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. TD Securities lifted their price objective on TC Energy from C$74.00 to C$76.00 and gave the stock a "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 research report on Tuesday, February 18th. Finally, Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research report 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$74.17.
Get Our Latest Stock Report on TC Energy
About TC Energy
(
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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.
Further Reading
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