Patrick C. Muttart Sells 18,629 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Patrick C. Muttart sold 18,629 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$70.10, for a total value of C$1,305,885.45.

TC Energy Stock Performance

Shares of TSE TRP opened at C$68.82 on Friday. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.97. The business’s 50-day moving average price is C$66.74 and its two-hundred day moving average price is C$66.11. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The company has a market capitalization of C$70.97 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of recent analyst reports. CIBC increased their price target on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Royal Bank of Canada raised their target price on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. TD Securities set a C$73.00 price target on shares of TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group boosted their target price on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.