TC Energy Co. (TSE:TRP) Director Sells C$263,826.38 in Stock

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

TC Energy Trading Down 0.8 %

Shares of TC Energy stock opened at C$65.26 on Thursday. The company has a market cap 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. TC Energy Co. has a 1 year low of C$43.83 and a 1 year high of C$70.32. The company’s fifty day simple moving average is C$66.81 and its 200-day simple moving average is C$64.92. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRP shares. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. CIBC lifted their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. TD Securities set a C$73.00 target price on shares of TC Energy and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays boosted their price target on TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.