Insider Buying: TC Energy Co. (TSE:TRP) Senior Officer Buys 1,525 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Michele L. Waters purchased 1,525 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of C$64.68 per share, with a total value of C$98,630.90.

TC Energy Stock Down 1.1 %

TSE:TRP traded down C$0.72 during trading hours on Thursday, hitting C$64.54. 471,953 shares of the company’s stock traded hands, compared to its average volume of 4,378,744. TC Energy Co. has a twelve month low of C$43.83 and a twelve month high of C$70.32. The firm has a market cap of C$66.56 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.69 and a beta of 0.82. 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 stock’s fifty day moving average price is C$66.81 and its two-hundred day moving average price is C$64.92.

Analyst Ratings Changes

Several equities research analysts have issued reports on TRP shares. BMO Capital Markets lifted their price objective on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. National Bankshares upped their target price on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Raymond James upgraded shares of TC Energy to a “hold” rating in a research report on Thursday, November 21st. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday. Finally, TD Securities set a C$73.00 price target on TC Energy and gave the company a “buy” rating in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.