David Forestell Sells 3,766 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director David Forestell sold 3,766 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$70.05, for a total transaction of C$263,826.38.

TC Energy Trading Down 0.8 %

TSE:TRP traded down C$0.50 during midday trading on Friday, hitting C$63.98. 2,299,112 shares of the company traded hands, compared to its average volume of 4,370,485. The firm has a market capitalization of C$65.98 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.69 and a beta of 0.82. The firm's fifty day moving average is C$66.73 and its 200-day moving average is C$64.95. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TRP shares. ATB Capital boosted their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Raymond James raised TC Energy to a "hold" rating in a report on Thursday, November 21st. Wells Fargo & Company upped their price target on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Six 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 company's stock. Based on data from MarketBeat, the stock currently has an average 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.