TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Troy Tally sold 2,477 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$69.19, for a total value of C$171,395.07.
TC Energy Stock Down 0.2%
Shares of TSE:TRP traded down C$0.12 during trading on Tuesday, hitting C$69.21. 1,705,139 shares of the company were exchanged, compared to its average volume of 5,871,918. The stock has a market cap of C$71.37 billion, a price-to-earnings ratio of 13.76, a P/E/G 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 firm has a fifty day moving average price of C$68.24 and a two-hundred day moving average price of C$67.47. 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 Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 4.91%. TC Energy's dividend payout ratio (DPR) is 76.37%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. TD Securities lifted their price objective on TC Energy from C$74.00 to C$76.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Jefferies Financial Group lifted their price objective on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Finally, Royal Bank of Canada lifted their price objective on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$74.17.
Get Our Latest Stock Report on TRP
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.
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