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

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$67.28 and traded as low as C$63.97. TC Energy shares last traded at C$65.19, with a volume of 10,972,559 shares traded.

Analysts Set New Price Targets

TRP has been the topic of a number of research reports. Citigroup upgraded shares of TC Energy to a "hold" rating in a research report on Friday, April 4th. Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. TD Securities raised their price target on TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. CIBC increased their target price on TC Energy from C$71.00 to C$76.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Scotiabank raised their target price on TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Six investment 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 stock. Based on 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 stock has a fifty day simple moving average of C$68.08 and a 200-day simple moving average of C$67.28. The stock has a market cap of C$67.47 billion, a P/E ratio of 13.01, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

TC Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 5.20%. TC Energy's dividend payout ratio (DPR) is currently 76.37%.

Insider Activity at TC Energy

In related news, Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$69.55, for a total transaction of C$428,378.77. Also, Director Russell Mahan sold 16,990 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of C$69.37, for a total transaction of C$1,178,548.73. Over the last ninety days, insiders sold 45,070 shares of company stock worth $3,141,916. 0.03% of the stock is currently owned by corporate 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.