TC Energy (TSE:TRP) Upgraded at Veritas

Veritas upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a strong sell rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Jefferies Financial Group boosted their target price on TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Raymond James upgraded TC Energy to a “hold” rating in a research note on Thursday, November 21st. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Finally, ATB Capital boosted their price target on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$73.25.

TC Energy Stock Down 1.2 %

Shares of TRP stock opened at C$64.48 on Tuesday. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32. The stock’s fifty day moving average price is C$66.77 and its 200 day moving average price is C$64.91. 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$66.49 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insider Transactions at TC Energy

In other TC Energy news, Senior Officer Michele L. Waters purchased 1,525 shares of TC Energy stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of C$64.68 per share, with a total value of C$98,630.90. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39. Over the last quarter, insiders have purchased 12,865 shares of company stock worth $842,818 and have sold 272,935 shares worth $18,128,828. Company insiders own 0.03% of the company’s stock.

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.