Insider Buying: TC Energy Co. (TSE:TRP) Senior Officer Buys 1,525 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Michele L. Waters acquired 1,525 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of C$64.68 per share, for a total transaction of C$98,630.90.

TC Energy Stock Down 0.8 %

Shares of TSE:TRP opened at C$63.98 on Friday. The business has a 50-day moving average price of C$66.73 and a 200 day moving average price of C$65.00. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company has a market capitalization of C$65.98 billion, a price-to-earnings ratio of 12.72, a PEG 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.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Wells Fargo & Company raised their target price on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Jefferies Financial Group raised their target price on TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. ATB Capital raised their target price on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. Finally, Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.