TC Energy Co. (TSE:TRP) Senior Officer Sells C$1,305,885.45 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Patrick C. Muttart sold 18,629 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$70.10, for a total value of C$1,305,885.45.

TC Energy Stock Performance

Shares of TRP traded up C$0.38 during mid-day trading on Thursday, reaching C$69.57. 2,294,769 shares of the company’s stock traded hands, compared to its average volume of 5,608,241. The business’s 50-day moving average price is C$66.69 and its 200-day moving average price is C$66.04. The stock has a market capitalization of C$71.74 billion, a P/E ratio of 13.84, a price-to-earnings-growth 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. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.97.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRP. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. Jefferies Financial Group upped their target price on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Finally, CIBC boosted their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.