Insider Selling: TC Energy (TSE:TRP) Director Sells 5,000 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction on 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 Trading Up 1.5%

TC Energy stock traded up C$1.41 during trading on Tuesday, hitting C$95.41. The company’s stock had a trading volume of 839,351 shares, compared to its average volume of 5,510,621. The stock has a market capitalization of C$99.39 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.69 and a beta of 0.76. The stock’s fifty day moving average is C$87.45 and its 200 day moving average is C$81.18. TC Energy Co. has a 1-year low of C$63.34 and a 1-year high of C$95.90. The company has a debt-to-equity ratio of 224.52, a quick ratio of 0.40 and a current ratio of 0.65.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. The firm had revenue of C$3.86 billion during the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%. As a group, equities research analysts predict that TC Energy Co. will post 3.5490515 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TRP shares. The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price target for the company in a research note on Sunday, April 19th. Royal Bank Of Canada upped their price target on TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group upped their price target on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. ATB Cormark Capital Markets upped their price target on TC Energy from C$82.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Finally, TD Securities lowered TC Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from C$84.00 to C$88.00 in a research note on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and an average target price of C$87.46.

TC Energy Company Profile

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.