Robert Black Sells 6,771 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Robert Black sold 6,771 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$69.98, for a total value of C$473,811.56. Following the completion of the transaction, the director now owns 700 shares in the company, valued at approximately C$48,983.62. This represents a 90.63 % decrease in their position.

TC Energy Trading Down 1.3 %

TSE TRP opened at C$69.50 on Monday. The firm has a market cap of C$71.67 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.69 and a beta of 0.82. 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 stock’s 50-day moving average is C$66.49 and its 200-day moving average is C$65.91. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.61.

Wall Street Analysts Forecast Growth

TRP has been the topic of several recent research reports. Jefferies Financial Group raised their price target on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. CIBC increased their target price on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Finally, BMO Capital Markets increased their target price on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Six 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. According to MarketBeat, TC Energy presently has a consensus 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.