Insider Selling: TC Energy Co. (TSE:TRP) Senior Officer Sells 18,629 Shares of 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 that occurred on Monday, March 24th. The stock was sold at an average price of C$70.10, for a total transaction of C$1,305,885.45.

TC Energy Price Performance

Shares of TSE:TRP traded up C$0.38 during midday trading on Thursday, reaching C$69.57. 2,294,769 shares of the company’s stock were exchanged, compared to its average volume of 5,608,241. The firm has a market capitalization of C$71.74 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company’s 50 day simple moving average is C$66.69 and its two-hundred day simple moving average is C$66.04. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.97. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

Analyst Ratings Changes

Several research firms have recently commented on TRP. TD Securities set a C$73.00 price target on shares of TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. CIBC increased their price target on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a report on Thursday, January 9th. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. BMO Capital Markets lifted their target price on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Finally, Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.