TC Energy Co. (TSE:TRP) Senior Officer Sells C$1,305,885.45 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Patrick C. Muttart sold 18,629 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$70.10, for a total value of C$1,305,885.45.

TC Energy Trading Down 0.1 %

Shares of TRP opened at C$69.11 on Friday. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.97. The company has a market capitalization of C$71.27 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The firm’s 50 day simple moving average is C$66.74 and its 200 day simple moving average is C$66.06.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Jefferies Financial Group increased their target price on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. BMO Capital Markets boosted their price target on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Finally, Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Six 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$73.25.

About TC Energy

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.