Insider Selling: TC Energy Co. (TSE:TRP) Senior Officer Sells 64,802 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima sold 64,802 shares of TC Energy stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$69.16, for a total transaction of C$4,481,913.69.

Dawn Elizabeth De Lima also recently made the following trade(s):

• On Wednesday, February 26th, Dawn Elizabeth De Lima sold 50,685 shares of TC Energy stock. The shares were sold at an average price of C$63.27, for a total transaction of C$3,206,915.98.

TC Energy Price Performance

TRP stock opened at C$69.50 on Friday. The company has a 50 day simple moving average of C$66.49 and a 200 day simple moving average of C$65.84. The stock has a market cap of C$71.67 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 1 year low of C$43.83 and a 1 year high of C$70.61. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

Analysts Set New Price Targets

TRP has been the subject of several analyst reports. TD Securities set a C$73.00 target price on shares of TC Energy and gave the company a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada boosted their target price on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their target price on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Finally, CIBC boosted 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. Six analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.