TC Energy Co. (TSE:TRP) Director Sells C$1,178,548.73 in Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Russell Mahan sold 16,990 shares of the business's stock in a transaction dated Friday, May 2nd. 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

Shares of TC Energy stock traded up C$0.54 during trading on Friday, hitting C$68.84. The stock had a trading volume of 2,201,386 shares, compared to its average volume of 6,365,042. The business has a fifty day moving average of C$67.87 and a two-hundred day moving average of C$67.16. The firm has a market cap of C$70.99 billion, a P/E ratio of 13.69, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a fifty-two week low of C$46.07 and a fifty-two week high of C$70.97. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.94%. TC Energy's dividend payout ratio (DPR) is 76.37%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased their target price on TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Citigroup raised shares of TC Energy to a "hold" rating in a report on Friday, April 4th. 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. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, TD Securities boosted their price objective on TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$74.17.

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.