TC Energy Co. (TSE:TRP) Senior Officer Anita Elizabeth Dusevic Oliva Purchases 14,000 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Anita Elizabeth Dusevic Oliva bought 14,000 shares of TC Energy stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of C$68.92 per share, for a total transaction of C$964,880.00.

TC Energy Stock Performance

TC Energy stock opened at C$69.68 on Friday. TC Energy Co. has a 12 month low of C$46.07 and a 12 month high of C$70.97. The company has a fifty day moving average price of C$68.10 and a two-hundred day moving average price of C$67.26. 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 company has a market cap of C$71.86 billion, a PE ratio of 13.86, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy Cuts Dividend

The business 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 dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.88%. TC Energy’s payout ratio is 76.37%.

Analyst Upgrades and Downgrades

TRP has been the topic of several analyst reports. CIBC raised their price target on shares of TC Energy from C$71.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Royal Bank of Canada upped their target price on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Citigroup raised TC Energy to a “hold” rating in a research note on Friday, April 4th. TD Securities upped their price objective on shares of TC Energy from C$74.00 to C$76.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.