Insider Buying: TC Energy Co. (TSE:TRP) Senior Officer Acquires 2,600 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima purchased 2,600 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of C$55.04 per share, for a total transaction of C$143,104.00.

Dawn Elizabeth De Lima also recently made the following trade(s):

• On Wednesday, March 20th, Dawn Elizabeth De Lima bought 750 shares of TC Energy stock. The stock was bought at an average price of C$54.48 per share, for a total transaction of C$40,860.00.

TC Energy Price Performance

Shares of TSE:TRP opened at C$53.80 on Thursday. The company has a market cap of C$55.95 billion, a P/E ratio of 19.56, a P/E/G ratio of 0.26 and a beta of 0.74. The company has a quick ratio of 0.40, a current ratio of 0.96 and a debt-to-equity ratio of 163.32. TC Energy Co. has a 52 week low of C$43.70 and a 52 week high of C$57.02. The business has a fifty day simple moving average of C$53.22 and a 200-day simple moving average of C$51.14.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. The business had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a return on equity of 8.39% and a net margin of 18.34%. Equities research analysts forecast that TC Energy Co. will post 4.1745068 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from TC Energy’s previous quarterly dividend of $0.93. TC Energy’s payout ratio is 139.64%.

Analysts Set New Price Targets

TRP has been the topic of several analyst reports. Barclays lifted their target price on TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. ATB Capital set a C$54.00 target price on TC Energy and gave the company a “sector perform” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. lifted their target price on TC Energy from C$57.00 to C$60.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. CIBC lifted their target price on TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Finally, Stifel Nicolaus set a C$61.00 target price on TC Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and a consensus target price of C$55.35.

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.