TC Energy Co. (TSE:TRP) Senior Officer Michele L. Waters Buys 1,525 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Michele L. Waters purchased 1,525 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was bought at an average cost of C$64.68 per share, for a total transaction of C$98,630.90.

TC Energy Stock Performance

Shares of TSE TRP traded down C$0.72 during trading hours on Thursday, hitting C$64.54. 471,953 shares of the company’s stock were exchanged, compared to its average volume of 4,378,744. The company’s 50-day moving average price is C$66.81 and its 200-day moving average price is C$64.92. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.32. The stock has a market capitalization of C$66.56 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

Wall Street Analysts Forecast Growth

TRP has been the topic of a number of recent research reports. TD Securities set a C$73.00 target price on TC Energy and gave the company a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada boosted their price target on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Scotiabank boosted their target price on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Finally, Raymond James upgraded shares of TC Energy to a “hold” rating in a report on Thursday, November 21st. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.