Robert Black Sells 6,771 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Robert Black sold 6,771 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$69.98, for a total value of C$473,811.56. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately C$48,983.62. This represents a 90.63 % decrease in their ownership of the stock.

TC Energy Stock Performance

TSE TRP opened at C$69.50 on Friday. The firm has a market cap of C$71.67 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.69 and a beta of 0.82. The company has a 50 day moving average of C$66.49 and a 200-day moving average of C$65.88. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.61.

Analyst Upgrades and Downgrades

TRP has been the topic of several research analyst reports. TD Securities set a C$73.00 price target on TC Energy and gave the company a “buy” rating in a research report on Wednesday, January 15th. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada increased their target price on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. BMO Capital Markets increased their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Finally, CIBC increased their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus 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.