Investors who take an interest in TC Energy Corporation (TSE:TRP) should definitely note that the COO & President - Power & Storage and Mexico, François Poirier, recently paid CA$58.75 per share to buy CA$441k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 18%.
TC Energy Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Executive VP & President of U.S. Natural Gas Pipelines, Stanley Chapman, for CA$9.1m worth of shares, at about CA$67.18 per share. So we know that an insider sold shares at around the present share price of CA$61.41. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
In the last twelve months insiders purchased 159.86k shares for CA$9.8m. On the other hand they divested 144233 shares, for CA$9.7m. In the last twelve months there was more buying than selling by TC Energy insiders. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
TC Energy is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of TC Energy
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.1% of TC Energy shares, worth about CA$59m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About TC Energy Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. 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. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of TC Energy.
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.
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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. Thank you for reading.