TC Energy Co. (TSE:TRP) Director Sells C$263,826.38 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Forestell sold 3,766 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$70.05, for a total transaction of C$263,826.38.

TC Energy Trading Down 0.8 %

Shares of TC Energy stock opened at C$63.98 on Friday. The firm has a 50-day moving average of C$66.73 and a 200-day moving average of C$64.95. The stock has a market cap of C$65.98 billion, a PE ratio of 12.72, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.32. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

Analyst Ratings Changes

TRP has been the topic of several research reports. ATB Capital upped their price objective on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. National Bankshares upped their price objective on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and upped their price objective for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada upped their price objective on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.