The Independent Director of TC Energy Corporation (TSE:TRP), Randy Limbacher, Just Bought A Few More Shares
Potential TC Energy Corporation (TSE:TRP) shareholders may wish to note that the Independent Director, Randy Limbacher, recently bought CA$426k worth of stock, paying CA$42.64 for each share. However, it only increased shareholding by a small percentage, and it wasn’t a huge purchase by absolute value, either.
See our latest analysis for TC Energy
TC Energy Insider Transactions Over The Last Year
The COO & President of Power & Storage François Poirier made the biggest insider purchase in the last 12 months. That single transaction was for CA$892k worth of shares at a price of CA$66.09 each. That means that an insider was happy to buy shares at above the current price of CA$53.66. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months insiders purchased 173.16k shares for CA$10m. But they sold 15.67k shares for CA$1.0m. In total, TC Energy insiders bought more than they sold over the last year. The average buy price was around CA$58.77. I’d consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of TC Energy
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. TC Energy insiders own about CA$50m worth of shares. That equates to 0.1% of the company. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At TC Energy Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest TC Energy insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing TC Energy. Case in point: We’ve spotted 2 warning signs for TC Energy you should be aware of.
But note: TC Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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