David Forestell Sells 3,766 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Forestell sold 3,766 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$70.05, for a total value of C$263,826.38.

TC Energy Price Performance

Shares of TC Energy stock opened at C$64.48 on Friday. The firm has a market capitalization of C$66.49 billion, a PE ratio of 12.82, 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. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.32. The business’s 50-day moving average price is C$66.77 and its 200-day moving average price is C$64.91.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TRP shares. Jefferies Financial Group increased their price target on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. CIBC increased their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Wells Fargo & Company raised their price target on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday. Finally, Raymond James raised TC Energy to a “hold” rating in a research note on Thursday, November 21st. Six research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.