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 stock was sold at an average price of C$70.05, for a total value of C$263,826.38.

TC Energy Stock Performance

Shares of TSE TRP traded down C$0.57 during midday trading on Wednesday, hitting C$65.20. The company’s stock had a trading volume of 646,768 shares, compared to its average volume of 4,449,781. The stock has a fifty day moving average price of C$66.84 and a 200 day moving average price of C$64.91. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.32. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The firm has a market capitalization of C$67.24 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.69 and a beta of 0.82.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRP. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. CIBC boosted their price target on 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 price target on TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets increased their price target on TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Finally, Jefferies Financial Group increased their target price on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, 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.