Insider Selling: TC Energy (TSE:TRP) Director Sells C$467,250.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00.

TC Energy Price Performance

Shares of TC Energy stock opened at C$97.27 on Friday. The stock’s 50-day simple moving average is C$88.05 and its 200-day simple moving average is C$81.73. TC Energy Co. has a 52 week low of C$63.34 and a 52 week high of C$98.45. The company has a market capitalization of C$101.33 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.69 and a beta of 0.76. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data 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 business had revenue of C$3.86 billion for the quarter. As a group, analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRP has been the topic of several research reports. Jefferies Financial Group lifted their target price on TC Energy from C$80.00 to C$88.00 in a report on Tuesday, February 17th. 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. Barclays lifted their target price on TC Energy from C$88.00 to C$92.00 in a report on Monday, May 4th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a report on Sunday, April 19th. Finally, TD Securities cut TC Energy from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$84.00 to C$88.00 in a report on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$87.46.

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.