Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires C$70,319.84 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Gregory Romero acquired 1,600 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of C$43.95 per share, with a total value of C$70,319.84.

TC Energy Stock Performance

TC Energy stock opened at C$64.75 on Friday. The stock has a market cap of C$66.77 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. 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 stock has a 50 day moving average of C$66.55 and a 200-day moving average of C$65.12. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.32.

Wall Street Analyst Weigh In

TRP has been the subject of several recent research reports. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the company a “buy” rating in a research report on Wednesday, January 15th. ATB Capital increased their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. BMO Capital Markets increased their price objective on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Raymond James raised shares of TC Energy to a “hold” rating in a research report on Thursday, November 21st. Finally, Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.