Insider Selling: TC Energy (TSE:TRP) Insider Sells 1,500 Shares

TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00.

TC Energy Price Performance

Shares of TC Energy stock traded up C$1.21 on Thursday, reaching C$99.88. The company’s stock had a trading volume of 3,183,378 shares, compared to its average volume of 5,104,315. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. The company has a market capitalization of C$104.05 billion, a P/E ratio of 31.31, a PEG ratio of 1.69 and a beta of 0.70. The stock has a 50-day moving average price of C$91.94 and a 200-day moving average price of C$85.24. TC Energy Co. has a 52-week low of C$63.34 and a 52-week high of C$100.00.

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TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$3.86 billion for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. Analysts expect that TC Energy Co. will post 3.5490515 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRP. Citigroup boosted their target price on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Barclays lifted their price objective on TC Energy from C$88.00 to C$92.00 in a report on Monday, May 4th. Canadian Imperial Bank of Commerce boosted their price objective on TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Royal Bank Of Canada increased their target price on TC Energy from C$92.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Morgan Stanley downgraded TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research report on Wednesday, June 10th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$89.86.

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TC Energy Company Profile

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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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