Insider Selling: TC Energy Co. (TSE:TRP) Director Sells 6,771 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Robert Black sold 6,771 shares of TC Energy stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$69.98, for a total value of C$473,811.56. Following the sale, the director now directly owns 700 shares in the company, valued at approximately C$48,983.62. This trade represents a 90.63 % decrease in their ownership of the stock.

TC Energy Price Performance

TSE TRP traded down C$0.92 during trading hours on Friday, reaching C$69.50. 10,817,990 shares of the company’s stock were exchanged, compared to its average volume of 4,947,942. The firm has a fifty day moving average of C$66.45 and a 200-day moving average of C$65.79. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.61. The stock has a market cap of C$71.67 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Analyst Upgrades and Downgrades

TRP has been the topic of several recent research reports. CIBC lifted their price objective on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a report on Thursday, January 9th. BMO Capital Markets boosted their price target on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. TD Securities set a C$73.00 target price on shares of TC Energy and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada raised their price target on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, TC Energy 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.