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 TC Energy stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$70.05, for a total transaction of C$263,826.38.

TC Energy Price Performance

TSE TRP opened at C$63.98 on Friday. The company has a market capitalization of C$65.98 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The firm’s 50 day moving average is C$66.73 and its 200-day moving average is C$64.95. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

Analyst Upgrades and Downgrades

TRP has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Scotiabank lifted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Barclays lifted their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Finally, CIBC lifted their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, TC Energy 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.