Danika Yeager Acquires 1,817 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Danika Yeager acquired 1,817 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of C$69.23 per share, for a total transaction of C$125,784.97.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$68.82 on Friday. The firm has a market cap of C$70.97 billion, a PE ratio of 13.69, 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 52 week low of C$43.83 and a 52 week high of C$70.97. The business’s fifty day simple moving average is C$66.74 and its 200-day simple moving average is C$66.11.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRP. BMO Capital Markets lifted their price target on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. TD Securities set a C$73.00 target price on shares of TC Energy and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada increased their target price on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, CIBC increased their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a report on Thursday, January 9th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$73.25.

About TC Energy

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.