TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$66.42 and traded as high as C$66.93. TC Energy shares last traded at C$66.59, with a volume of 7,840,356 shares trading hands.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. TD Securities set a C$73.00 price target on TC Energy and gave the stock a "buy" rating in a research report on Wednesday, January 15th. CIBC raised their target price on TC Energy from C$68.00 to C$70.00 and gave the stock a "neutral" rating in a research report on Thursday, January 9th. Jefferies Financial Group upped their price objective on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Finally, Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and an average price target of C$73.25.
Check Out Our Latest Research Report on TRP
TC Energy Trading Up 1.0 %
The company has a market capitalization of C$70.60 billion, a P/E ratio of 13.62, a PEG 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 business's 50-day moving average price is C$66.61 and its two-hundred day moving average price is C$66.51.
Insider Activity
In related news, Senior Officer Michele L. Waters acquired 1,525 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of C$64.68 per share, with a total value of C$98,630.90. Also, Director Joshua Gibbon purchased 600 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of C$69.15 per share, for a total transaction of C$41,492.88. In the last 90 days, insiders have acquired 13,287 shares of company stock worth $842,568 and have sold 145,977 shares worth $9,810,511. 0.03% of the stock is currently owned by company insiders.
About TC Energy
(
Get Free Report)
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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