TC Energy Co. (TSE:TRP) Director Sells C$473,811.56 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Robert Black sold 6,771 shares of TC Energy stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$69.98, for a total value of C$473,811.56. Following the transaction, the director now owns 700 shares in the company, valued at approximately C$48,983.62. This trade represents a 90.63 % decrease in their ownership of the stock.

TC Energy Stock Performance

Shares of TRP stock opened at C$69.50 on Friday. The company has a market capitalization of C$71.67 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.61. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The stock’s fifty day simple moving average is C$66.49 and its 200-day simple moving average is C$65.84.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Jefferies Financial Group lifted their target price on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. CIBC lifted their target price 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. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Finally, TD Securities set a C$73.00 target price on TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$73.25.

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.