TC Energy Co. (TSE:TRP) Receives C$73.25 Average PT from Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$73.25.

TRP has been the topic of several recent analyst reports. CIBC upped 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. BMO Capital Markets upped their target price on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Royal Bank of Canada raised their price target on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Jefferies Financial Group upped their price objective on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Finally, 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.

TC Energy Price Performance

Shares of TSE:TRP opened at C$69.11 on Tuesday. The company’s fifty day moving average is C$66.74 and its two-hundred day moving average is C$66.06. The company has a market cap of C$71.27 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 12-month low of C$43.83 and a 12-month high of C$70.97. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

Insiders Place Their Bets

In other news, Director Alexander (Alex) Oehler purchased 6,540 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$66.05 per share, with a total value of C$431,947.64. Also, Senior Officer Dawn Elizabeth De Lima sold 64,802 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$69.16, for a total transaction of C$4,481,913.69. Over the last quarter, insiders purchased 19,827 shares of company stock valued at $1,274,516 and sold 145,977 shares valued at $9,810,511. 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.