Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires 1,600 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Gregory Romero acquired 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of C$43.95 per share, with a total value of C$70,319.84.

TC Energy Price Performance

TRP stock opened at C$64.03 on Friday. 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’s 50-day moving average price is C$66.57 and its two-hundred day moving average price is C$65.08. The stock has a market capitalization of C$66.03 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRP. Wells Fargo & Company increased their target price on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. Jefferies Financial Group raised their target price on TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating 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 note on Wednesday, January 15th. Finally, CIBC boosted their price objective on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$73.25.

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.