Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$67.32 and traded as low as C$64.14. TC Energy shares last traded at C$64.80, with a volume of 16,250,293 shares.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TRP shares. TD Securities increased their target price on TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. CIBC increased their target price on TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Scotiabank increased their target price on TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup upgraded TC Energy to a "hold" rating in a report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$74.17.
View Our Latest Research Report on TRP
TC Energy Trading Up 2.4%
The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The business's 50-day moving average price is C$68.30 and its two-hundred day moving average price is C$67.30. The company has a market capitalization of C$69.09 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.69 and a beta of 0.82.
TC Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.07%. TC Energy's payout ratio is 76.37%.
Insider Activity
In related news, Director Troy Tally sold 2,477 shares of TC Energy 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. Also, Director Russell Mahan sold 16,990 shares of TC Energy stock in a transaction that occurred on 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. Over the last ninety days, insiders sold 45,070 shares of company stock worth $3,141,916. Corporate insiders own 0.03% of the company's stock.
About TC Energy
(
Get Free Report)
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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