Joshua Gibbon Buys 600 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Joshua Gibbon acquired 600 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of C$69.15 per share, for a total transaction of C$41,492.88.

TC Energy Stock Up 1.4 %

TSE:TRP traded up C$0.97 during trading hours on Wednesday, hitting C$69.20. The company’s stock had a trading volume of 2,830,870 shares, compared to its average volume of 4,839,406. The stock has a fifty day moving average of C$66.41 and a 200-day moving average of C$65.73. 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 stock has a market capitalization of C$71.36 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.32.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TRP shares. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. CIBC lifted their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Raymond James upgraded TC Energy to a “hold” rating in a report on Thursday, November 21st. Barclays increased their price target on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. Finally, 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. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TC Energy currently has an average rating of “Moderate Buy” and a consensus 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.