Siim Vanaselja Sells 40,000 Shares of TC Energy (TSE:TRP) Stock

Key Points

• Siim Vanaselja, a director at TC Energy, sold 40,000 shares of the company's stock for a total of approximately C$2.8 million, significantly reducing his holdings by 76.92%.
• TC Energy recently announced a quarterly dividend of $0.85 per share, which will be paid on October 31st, representing a 4.7% yield.
• Analysts have mixed views on TC Energy's stock, with target prices ranging from C$68.00 to C$76.00, and a consensus rating of "Moderate Buy".

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Siim Vanaselja sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of C$70.07, for a total value of C$2,802,640.00. Following the sale, the director owned 12,000 shares of the company's stock, valued at approximately C$840,792. The trade was a 76.92% decrease in their position.

TC Energy Stock Up 0.6%

TRP stock traded up C$0.45 during trading on Tuesday, hitting C$72.10. 602,191 shares of the company's stock were exchanged, compared to its average volume of 5,977,246. The business has a 50-day moving average price of C$67.89 and a two-hundred day moving average price of C$67.71. The stock has a market capitalization of C$74.96 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.69 and a beta of 0.92. TC Energy Co. has a 52-week low of C$55.30 and a 52-week high of C$72.35. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.7%. TC Energy's payout ratio is 85.36%.

Analyst Ratings Changes

Several research firms recently weighed in on TRP. National Bankshares boosted their target price on TC Energy from C$75.00 to C$76.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Barclays boosted their price objective on TC Energy from C$74.00 to C$75.00 in a research note on Thursday, August 14th. US Capital Advisors cut TC Energy from a "moderate buy" rating to a "hold" rating in a research note on Thursday, August 21st. Citigroup set a C$75.00 price objective on TC Energy and gave the company a "neutral" rating in a research note on Friday. Finally, Jefferies Financial Group reduced their price objective on TC Energy from C$71.00 to C$68.00 in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, TC Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of C$74.46.

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.

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