TC Energy Co. (TSE:TRP) Director Buys C$94,367.85 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast purchased 1,475 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of C$63.98 per share, with a total value of C$94,367.85.

TC Energy Trading Up 0.5 %

Shares of TRP stock opened at C$63.69 on Thursday. 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 twelve month low of C$43.83 and a twelve month high of C$70.32. The company’s 50-day moving average price is C$66.60 and its 200-day moving average price is C$65.09. The stock has a market cap of C$65.68 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.69 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TRP shares. CIBC lifted 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 report on Thursday, January 9th. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company raised their target price on TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets increased their price objective on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company 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.