Shares of TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$84.48 and traded as high as C$96.81. TC Energy shares last traded at C$95.96, with a volume of 1,711,716 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Raymond James Financial lifted their target price on TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th. Citigroup increased their price target on TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Barclays raised their price target on TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. National Bank Financial lifted their price objective on shares of TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. Finally, Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a research report on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$89.86.
Read Our Latest Stock Report on TC Energy
TC Energy Trading Up 1.0%
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion for the quarter. As a group, research analysts predict that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.
Insider Buying and Selling at TC Energy
In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the completion of the sale, the insider owned 18,490 shares in the company, valued at approximately C$1,640,617.70. The trade was a 57.82% decrease in their position. Corporate insiders own 0.03% of the company’s stock.
About TC Energy
TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.
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