Rosemary K. Stevens Sells 5,089 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Rosemary K. Stevens sold 5,089 shares of TC Energy stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$67.19, for a total transaction of C$341,919.73.

TC Energy Stock Performance

TC Energy stock opened at C$67.30 on Friday. The stock has a market capitalization of C$69.40 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The stock has a 50-day simple moving average of C$66.42 and a 200 day simple moving average of C$65.51.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. 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. National Bankshares boosted their target price on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price objective on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.