Insider Selling: 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 TC Energy stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$70.10, for a total transaction of C$1,305,885.45.

TC Energy Trading Down 0.4 %

TSE TRP opened at C$68.82 on Friday. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.97. The firm has a 50-day moving average price of C$66.74 and a 200 day moving average price of C$66.13. The stock has a market capitalization of C$70.97 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TRP shares. Royal Bank of Canada boosted their target price on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. TD Securities set a C$73.00 price objective on TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. CIBC increased 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, 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. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and an average 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.