Dawn Elizabeth De Lima Sells 50,685 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima sold 50,685 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$63.27, for a total transaction of C$3,206,915.98.

TC Energy Stock Up 0.5 %

TRP stock traded up C$0.34 during mid-day trading on Thursday, hitting C$64.03. 3,478,746 shares of the company were exchanged, compared to its average volume of 4,255,808. The company has a market capitalization of C$66.03 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm has a fifty day simple moving average of C$66.60 and a 200 day simple moving average of C$65.09. 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 twelve month low of C$43.83 and a twelve month high of C$70.32.

Analysts Set New Price Targets

TRP has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Jefferies Financial Group boosted their target price on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Finally, Scotiabank raised their price target on shares of TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.