TC Energy Co. (TSE:TRP) Director Alexandra M. Costello Sells 6,159 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$69.55, for a total value of C$428,378.77.

TC Energy Price Performance

TC Energy stock traded up C$0.25 during mid-day trading on Tuesday, hitting C$69.58. 719,912 shares of the company were exchanged, compared to its average volume of 5,861,781. The company has a market capitalization of C$71.75 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. 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 business has a fifty day moving average of C$68.27 and a 200 day moving average of C$67.45. TC Energy Co. has a 1-year low of C$46.07 and a 1-year high of C$70.97.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.89%. TC Energy’s payout ratio is 76.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group raised their target price on TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. TD Securities boosted their target price on shares of TC Energy from C$74.00 to C$76.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. CIBC boosted 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. Citigroup upgraded shares of TC Energy to a “hold” rating in a report on Friday, April 4th. Finally, Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and an average target price 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.