David Brast Acquires 1,475 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast purchased 1,475 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of C$63.98 per share, with a total value of C$94,367.85.

TC Energy Price Performance

Shares of TSE TRP opened at C$63.69 on Thursday. 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 cap of C$65.68 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock’s 50-day moving average is C$66.60 and its two-hundred day moving average is C$65.09. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.32.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. CIBC lifted their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a report on Thursday, January 9th. Scotiabank raised their price target on TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$73.25.

TC Energy Company Profile

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.