TC Energy Co. (TSE:TRP) Director David Forestell Sells 3,766 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Forestell sold 3,766 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$70.05, for a total transaction of C$263,826.38.

TC Energy Stock Down 0.8 %

TSE:TRP opened at C$65.26 on Thursday. The business’s fifty day moving average price is C$66.81 and its 200 day moving average price is C$64.92. The firm has a market capitalization of C$67.30 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.32.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRP. Barclays increased their price target on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Scotiabank boosted their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday. Finally, Raymond James raised shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.