Insider Selling: TC Energy (TSE:TRP) Director Sells 40,000 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Siim Vanaselja sold 40,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of C$70.07, for a total transaction of C$2,802,640.00. Following the completion of the sale, the director directly owned 12,000 shares in the company, valued at approximately C$840,792. This trade represents a 76.92% decrease in their position.

TC Energy Stock Up 0.2%

TRP stock opened at C$71.79 on Wednesday. The firm’s 50-day simple moving average is C$68.00 and its 200 day simple moving average is C$67.74. The stock has a market cap of C$74.63 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. TC Energy Co. has a fifty-two week low of C$55.30 and a fifty-two week high of C$72.35.

TC Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.7%. TC Energy’s dividend payout ratio is presently 85.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TRP shares. National Bankshares increased their target price on shares of TC Energy from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Jefferies Financial Group decreased their target price on shares of TC Energy from C$71.00 to C$68.00 in a research report on Wednesday, July 23rd. Citigroup set a C$75.00 target price on shares of TC Energy and gave the company a “neutral” rating in a research report on Friday, September 5th. US Capital Advisors lowered shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Barclays increased their target price on shares of TC Energy from C$74.00 to C$75.00 in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$74.46.

About TC Energy

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.