Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 5,089 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Rosemary K. Stevens sold 5,089 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of C$67.19, for a total transaction of C$341,919.73.

TC Energy Stock Up 0.5 %

Shares of TC Energy stock traded up C$0.35 during trading on Wednesday, hitting C$67.14. The company’s stock had a trading volume of 802,808 shares, compared to its average volume of 4,725,333. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.32. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The company has a fifty day simple moving average of C$66.44 and a two-hundred day simple moving average of C$65.49. The company has a market capitalization of C$69.24 billion, a PE ratio of 13.35, a P/E/G ratio of 1.69 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRP shares. TD Securities set a C$73.00 price objective on TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada raised their price objective on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Finally, CIBC lifted their price target on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a report on Thursday, January 9th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$73.25.

About TC Energy

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.