TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Robert Black sold 6,771 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$69.98, for a total value of C$473,811.56. Following the completion of the sale, the director now directly owns 700 shares of the company's stock, valued at C$48,983.62. The trade was a 90.63 % decrease in their position.
TC Energy Trading Down 1.1 %
TC Energy stock traded down C$0.77 during mid-day trading on Tuesday, hitting C$69.79. The company's stock had a trading volume of 15,809,502 shares, compared to its average volume of 5,483,484. TC Energy Co. has a 1 year low of C$43.83 and a 1 year high of C$70.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The firm has a market capitalization of C$71.97 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock's fifty day moving average is C$66.58 and its two-hundred day moving average is C$65.97.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TRP. CIBC increased their price target on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a "neutral" rating in a report on Thursday, January 9th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Jefferies Financial Group upped their price target on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. BMO Capital Markets raised their price objective on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Finally, Royal Bank of Canada increased their target price on TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Six equities research 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 stock. According to data from MarketBeat.com, TC Energy currently has an average rating of "Moderate Buy" and an average price target of C$73.25.
Get Our Latest Stock Analysis on TC Energy
TC Energy Company Profile
(
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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.
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