TC Energy Co. (TSE:TRP) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP have been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. 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. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$73.25.

Several brokerages recently issued reports on TRP. CIBC upped their price target 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. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. BMO Capital Markets raised their price target on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th.

TC Energy Stock Down 0.4 %

TRP traded down C$0.29 during midday trading on Tuesday, reaching C$68.82. 12,702,654 shares of the company were exchanged, compared to its average volume of 5,858,474. The company has a market cap of C$70.97 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$43.83 and a one year high of C$70.97. The company's fifty day moving average price is C$66.74 and its 200 day moving average price is C$66.11. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

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Insider Buying and Selling

In related news, Director Francois Lionel Poirier purchased 4,800 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of C$65.05 per share, with a total value of C$312,239.52. Also, Director Joshua Gibbon purchased 600 shares of TC Energy stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of C$69.15 per share, with a total value of C$41,492.88. In the last 90 days, insiders bought 19,827 shares of company stock valued at $1,274,516 and sold 145,977 shares valued at $9,810,511. 0.03% of the stock is currently owned by insiders.

About TC Energy

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.