Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires 1,470 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Trevor Ebl acquired 1,470 shares of the business’s stock in a transaction on Friday, March 14th. The stock was bought at an average cost of C$67.85 per share, for a total transaction of C$99,732.15.

TC Energy Price Performance

Shares of TRP opened at C$68.23 on Wednesday. TC Energy Co. has a 52 week low of C$43.83 and a 52 week 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 cap of C$70.36 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.69 and a beta of 0.82. The stock has a 50 day moving average of C$66.41 and a 200-day moving average of C$65.73.

Analyst Ratings Changes

Several brokerages recently commented on TRP. Barclays raised their target price on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. 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 upped their target price on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. CIBC lifted their price target on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Finally, Raymond James raised shares of TC Energy to a “hold” rating in a research report on Thursday, November 21st. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently 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.