TC Energy (TSE:TRP) Sets New 1-Year High on Insider Buying Activity

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP's share price reached a new 52-week high on Thursday after an insider bought additional shares in the company. The stock traded as high as C$70.37 and last traded at C$70.10, with a volume of 1090248 shares. The stock had previously closed at C$69.20.

Specifically, Director Joshua Gibbon acquired 600 shares of TC Energy stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of C$69.15 per share, for a total transaction of C$41,492.88. Also, Director Trevor Ebl bought 1,470 shares of the business's stock in a transaction on Friday, March 14th. The stock was bought at an average cost of C$67.85 per share, with a total value of C$99,732.15.

Analyst Ratings Changes

Several analysts recently commented on TRP shares. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised their target price on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. BMO Capital Markets boosted their price target on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. Finally, TD Securities set a C$73.00 price objective on shares of TC Energy and gave the company a "buy" rating in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$73.25.

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TC Energy Stock Performance

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 has a market capitalization of C$72.70 billion, a PE ratio of 14.02, a P/E/G ratio of 1.69 and a beta of 0.82. The firm has a fifty day moving average price of C$66.49 and a two-hundred day moving average price of C$65.91.

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.