TC Energy (TSE:TRP) Director Siim A. Vanaselja Sells 40,000 Shares

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 A. 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 transaction of C$2,802,640.00. Following the sale, the director owned 12,000 shares of the company's stock, valued at C$840,792. This represents a 76.92% decrease in their position.

TC Energy Stock Up 0.5%

Shares of TSE:TRP traded up C$0.39 during trading on Friday, hitting C$72.45. 1,224,732 shares of the company were exchanged, compared to its average volume of 5,962,304. The firm's 50 day moving average price is C$68.40 and its 200-day moving average price is C$67.92. TC Energy Co. has a 12-month low of C$55.30 and a 12-month high of C$72.69. The stock has a market capitalization of C$75.32 billion, a P/E ratio of 17.76, a PEG ratio of 1.69 and a beta of 0.92. 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 Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays upped their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Thursday, August 14th. National Bankshares boosted their price objective on shares of TC Energy from C$75.00 to C$76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Jefferies Financial Group dropped their price objective on shares of TC Energy from C$71.00 to C$68.00 in a research note on Wednesday, July 23rd. Citigroup set a C$75.00 price objective on shares of TC Energy and gave the company a "neutral" rating in a research note on Friday, September 5th. Finally, US Capital Advisors cut shares of TC Energy from a "moderate buy" rating to a "hold" rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$74.46.

TC Energy Company Profile

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.