TC Energy Co. (TSE:TRP) Director Richard Prior Acquires 500 Shares

TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) Director Richard Prior acquired 500 shares of the company in a transaction that took place on Thursday, June 16. The shares were purchased at an average cost of CA$66.49 per share, with a total value of CA$33,245.00. As a result of the purchase, the administrator now directly owns 11,875 shares of the company, valued at approximately C$789,568.75.

Richard Prior also recently made the following trade(s):

  • On Thursday, May 5, Richard Prior acquired 500 shares of TC Energy. The shares were purchased at an average cost of CA$70.00 per share, with a total value of CA$35,000.00.

Shares of TC Energy were up C$0.04 at midday Tuesday, hitting C$66.99. 1,207,296 shares of the company were traded, compared to its average volume of 4,887,163. The company has a market capitalization of C$65.85 billion and a price-earnings ratio of 20.38. The company’s 50-day simple moving average is C$71.63 and its 200-day simple moving average is C$67.64. The company has a debt ratio of 163.99, a quick ratio of 0.36 and a current ratio of 0.61. TC Energy Co. has a 52-week low of C$57.71 and a 52-week high of C$74.44.

TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last released its quarterly results on Friday, April 29. The company reported earnings per share of CA$1.12 for the quarter, missing analyst consensus estimates of CA$1.13 by CA$0.01. The company posted revenue of C$3.50 billion for the quarter, against analyst estimates of C$3.55 billion. As a group, equity research analysts expect TC Energy Co. to post earnings per share of 4.4393319 for the current 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. The ex-dividend date is Wednesday, June 29. This represents an annualized dividend of $3.60 and a yield of 5.37%. TC Energy’s dividend payout ratio (DPR) is currently 106.85%.

A number of research companies have recently commented on TRP. JPMorgan Chase & Co. lowered its price target on TC Energy shares from C$74.00 to C$73.00 in a Wednesday, May 25 research note. Raymond James set a price target of C$73.00 on TC Energy shares and gave the stock an “outperform” rating in a Monday, May 2 research note. CSFB raised its price target on TC Energy shares from C$74.00 to C$80.00 in a Monday, April 11 research note. Industrial Alliance Securities has raised TC Energy shares to a “buy” rating and set a target price of C$74.00 for the company in a Monday, April 4 research note. Finally, TD Securities raised its price target on TC Energy shares from CA$72.00 to CA$75.00 and gave the company a “buy” rating in a Friday, May 1 research note. april. Four equity research analysts gave the stock a sell rating, nine gave the company a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of CA$70.76.

About TC Energy (Get an assessment)

TC Energy Corporation is an energy infrastructure company in North America. It operates through five segments: Canadian Gas Pipelines; natural gas pipelines in the United States; 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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