TC Energy (TSE:TRP) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$67.17 and traded as low as C$67.16. TC Energy shares last traded at C$67.33, with a volume of 4,317,964 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on TRP shares. Jefferies Financial Group lifted their target price on TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Scotiabank boosted their price objective on TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$74.17.

TC Energy Stock Performance

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 firm has a 50 day moving average of C$68.10 and a two-hundred day moving average of C$67.27. The stock has a market cap of C$71.86 billion, a PE ratio of 13.86, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.88%. TC Energy's dividend payout ratio is currently 76.37%.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Michele L. Waters acquired 1,525 shares of the business's stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of C$64.68 per share, for a total transaction of C$98,630.90. Also, Director Joshua Gibbon acquired 600 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of C$69.15 per share, with a total value of C$41,492.88. Over the last quarter, insiders bought 27,287 shares of company stock worth $1,807,448 and sold 170,987 shares worth $11,550,459. 0.03% of the stock is owned by company insiders.

About TC Energy

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.