TC Energy Co. (TSE:TRP) Director Troy Tally Sells 2,477 Shares

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Troy Tally sold 2,477 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of C$69.19, for a total value of C$171,395.07.

TC Energy Stock Performance

TSE TRP traded down C$0.16 during trading hours on Wednesday, hitting C$69.05. The company had a trading volume of 2,322,726 shares, compared to its average volume of 5,837,123. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm has a market cap of C$71.21 billion, a P/E ratio of 13.73, a price-to-earnings-growth 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 business has a fifty day simple moving average of C$68.24 and a 200-day simple moving average of C$67.47.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.92%. TC Energy's dividend payout ratio (DPR) is presently 76.37%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TRP shares. CIBC increased their price objective on shares of TC Energy from C$71.00 to C$76.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Royal Bank of Canada increased their price target on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group increased their target price on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.