Insider Selling: TC Energy Co. (TSE:TRP) Senior Officer Sells 50,685 Shares of Stock

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

TC Energy Stock Performance

Shares of TRP stock opened at C$64.75 on Friday. The company has a 50 day moving average price of C$66.55 and a 200-day moving average price of C$65.12. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.32. The firm has a market capitalization of C$66.77 billion, a PE ratio of 12.88, 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRP shares. BMO Capital Markets lifted their price target on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Raymond James upgraded shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Wells Fargo & Company raised their price objective on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Finally, ATB Capital raised their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. Six equities research 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’s stock. According to data from MarketBeat.com, TC Energy 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.