Insider Selling: TC Energy Co. (TSE:TRP) Senior Officer Sells C$3,206,915.98 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima sold 50,685 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$63.27, for a total value of C$3,206,915.98.

TC Energy Price Performance

Shares of TSE TRP opened at C$64.75 on Friday. The business’s 50 day moving average price is C$66.55 and its two-hundred day moving average price is C$65.16. The company has a market cap of C$66.77 billion, a PE ratio of 12.88, a price-to-earnings-growth 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. TC Energy Co. has a twelve month low of C$43.83 and a twelve month high of C$70.32.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRP. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Raymond James upgraded TC Energy to a “hold” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Finally, TD Securities set a C$73.00 target price on TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.