TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) Senior Officer G. Glenn Menuz sold 16,241 shares of TC Energy in a trade that took place on Thursday, June 2. The shares were sold at an average price of CA$74.00, for a total value of CA$1,201,834.00.
G. Glenn Menuz also recently made the following trade(s):
- On Tuesday, March 8, G. Glenn Menuz sold 16,517 shares of TC Energy. The shares were sold at an average price of CA$72.25, for a total value of CA$1,193,328.47.
Shares of TRP traded C$0.22 lower at midday on Friday, hitting C$73.87. The company’s shares had a trading volume of 4,359,587 shares, compared to its average volume of 4,775,199. TC Energy Co. has a 52-week low of C$57.71 and a 52-week high from $74.44 CAD. The company has a 50-day moving average price of CA$72.02 and a 200-day moving average price of CA$66.69. The company has a debt ratio of 163.99, a quick ratio of 0.36 and a current ratio of 0.61. The stock has a market cap of C$72.61 billion and a price-earnings ratio of 22.51.
TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last released quarterly earnings data on Friday, April 29. The company reported EPS of C$1.12 for the quarter, missing analyst consensus estimates of C$1.13 by C$0.01. The company posted revenue of C$3.50 billion in the quarter, compared to a consensus estimate of C$3.55 billion. Equity research analysts expect TC Energy Co. to post EPS of 4.4400005 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Thursday, June 30 will receive a dividend of $0.90 per share. This represents a dividend of $3.60 on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, June 29. TC Energy’s dividend payout ratio (DPR) is currently 106.85%.
Several equity research analysts have weighed in on the company recently. Scotiabank raised its price target on TC Energy from C$72.00 to C$78.00 in a Wednesday, April 13 research report. Wolfe Research downgraded TC Energy to a “sell” rating and set a price target of C$57.00 for the stock. in a research report on Monday, April 11. Wells Fargo & Company lowered its price target on TC Energy from CA$74.00 to CA$73.00 and set a “market performance” rating on the stock in a Friday, May 20 research report. Raymond James set a target price of C$73.00 on TC Energy and gave the stock an “outperform” rating in a Monday, May 2 report. Finally, Credit Suisse Group raised its price target on TC Energy from CA$74.00 to CA$80.00 in a Monday, April 11 report. Four research analysts gave the stock a sell rating, nine gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of CA$70.76.
About TC Energy (Get a rating)
TC Energy Corporation is an energy infrastructure company in North America. It operates through five segments: Canadian Gas Pipelines; American gas pipelines; Mexican gas pipelines; Liquid pipelines; and power and storage. The company builds and operates a 93,300 km pipeline network, which transports natural gas from supply basins to local distribution companies, power plants, industrial facilities, interconnecting pipelines, export terminals LNG and other companies.
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