Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires 1,600 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Gregory Romero acquired 1,600 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of C$43.95 per share, with a total value of C$70,319.84.

TC Energy Price Performance

Shares of TSE TRP opened at C$64.75 on Friday. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32. The firm’s 50-day simple moving average is C$66.55 and its 200 day simple moving average is C$65.12. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The stock has a market cap of C$66.77 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.69 and a beta of 0.82.

Analysts Set New Price Targets

A number of equities analysts have commented on TRP shares. BMO Capital Markets lifted their price objective on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. ATB Capital boosted their price target on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Scotiabank boosted their price target on shares of TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Finally, Barclays boosted their price target on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TC Energy 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.