Francois Lionel Poirier Acquires 4,800 Shares of TC Energy Co. (TSE:TRP)

On February 18th, Francois Lionel Poirier, a director at TC Energy Co. (TSE:TRP, NYSE:TRP), made a significant investment by purchasing 4,800 shares of the company’s stock. The shares were bought at an average price of C$65.05, resulting in a total expenditure of C$312,239.52.

In addition to this recent acquisition, Poirier had previously engaged in stock trading, which includes a notable sale on November 20th, when he sold 118,243 shares of TC Energy at an average price of C$68.38. This sale amounted to a total value of C$8,085,219.85.

Current Stock Performance

During trading on Tuesday, TC Energy's stock saw an increase of C$1.05, reaching a price of C$66.19. A total of 1,371,884 shares were traded, which is lower than the average volume of 4,462,274 shares. The company’s fifty-day simple moving average stands at C$66.87, while the 200-day simple moving average is at C$64.86. Over the past year, the stock’s performance has ranged from a low of C$43.83 to a high of C$70.32. Currently, TC Energy has a debt-to-equity ratio of 237.62, a current ratio of 1.31, and a quick ratio of 0.40. The market capitalization of TC Energy Co. is C$68.26 billion, with a price-to-earnings (PE) ratio of 13.16 and a price-to-earnings-growth (PEG) ratio of 1.69. Additionally, the company holds a beta value of 0.82.

Analyst Ratings and Targets

TC Energy has been reviewed by various analysts who have provided updates on their ratings and price targets. In a report dated November 29th, BMO Capital Markets increased their target price for TC Energy from C$70.00 to C$73.00. Similarly, on November 20th, National Bankshares raised their target from C$70.00 to C$71.00. On November 21st, Raymond James upgraded their rating of TC Energy to "hold". Furthermore, JPMorgan Chase & Co. raised their price target for the stock from C$70.00 to C$79.00. US Capital Advisors also upgraded TC Energy from a "hold" rating to a "moderate buy" rating on February 3rd. Among research analysts' ratings, one has given a sell recommendation, six have a hold rating, five have a buy rating, and two have assigned a strong buy rating, resulting in an average rating of "Moderate Buy" and a consensus price target of C$73.25 for the stock.

About TC Energy Co.

TC Energy Corporation operates within the energy infrastructure sector across North America. The company has five key segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Energy Solutions. TC Energy manages an extensive network of 93,600 kilometers of natural gas pipelines, which deliver natural gas from supply areas to various endpoints including local distribution companies, power generation plants, and industrial facilities, among others.

Poirier, Shares, Investment