TC Energy Co. (TSE:TRP) Director Robert C. Jacobucci Sells 1,750 Shares
TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) Director Robert C. Jacobucci sold 1,750 shares of the firm’s stock in a transaction on Thursday, November 24th. The stock was sold at an average price of C$65.06, for a total value of C$113,855.88. Following the transaction, the director now directly owns 3,285 shares of the company’s stock, valued at approximately C$213,723.74.
TC Energy Stock Up 0.3 %
Shares of TRP traded up C$0.20 during midday trading on Thursday, reaching C$65.37. 426,667 shares of the company were exchanged, compared to its average volume of 4,950,838. The stock has a 50-day moving average price of C$59.92 and a 200-day moving average price of C$65.09. The company has a market cap of C$65.37 billion and a price-to-earnings ratio of 20.00. TC Energy Co. has a 1-year low of C$54.60 and a 1-year high of C$74.44. The company has a current ratio of 0.53, a quick ratio of 0.40 and a debt-to-equity ratio of 164.17.
TC Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, December 29th. TC Energy’s dividend payout ratio is presently 109.85%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Barclays reissued a “hold” rating and set a C$65.00 price target (down previously from C$67.00) on shares of TC Energy in a research report on Wednesday, October 19th. CIBC lowered their price objective on TC Energy from C$75.00 to C$68.00 in a research report on Tuesday, October 11th. Raymond James lowered their price objective on TC Energy from C$67.00 to C$65.00 in a research report on Friday, November 11th. JPMorgan Chase & Co. lowered their price objective on TC Energy from C$70.00 to C$68.00 in a research report on Monday, October 24th. Finally, UBS Group lowered their price objective on TC Energy from C$66.00 to C$64.00 in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$67.42.
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 Storage. The company builds and operates 93,300 km network 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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