Insider Buying: TC Energy Co. (TSE:TRP) Director Purchases 1,817 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Danika Yeager acquired 1,817 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of C$69.23 per share, with a total value of C$125,784.97.

TC Energy Stock Performance

Shares of TRP opened at C$69.11 on Friday. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The business’s fifty day moving average price is C$66.74 and its 200 day moving average price is C$66.06. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.97. The stock has a market capitalization of C$71.27 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. CIBC boosted their target price on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a report on Thursday, January 9th. Royal Bank of Canada increased their price target on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Finally, Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, TC Energy has a consensus rating of “Moderate Buy” and an average 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.