TC Energy Insiders Added CA$9.47m Of Stock To Their Holdings

In the last year, multiple insiders have substantially increased their holdings of TC Energy Corporation (TSE:TRP) stock, indicating that insiders' optimism about the company's prospects has increased.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for TC Energy

The Last 12 Months Of Insider Transactions At TC Energy

In the last twelve months, the biggest single purchase by an insider was when Director Siim Vanaselja bought CA$1.8m worth of shares at a price of CA$45.89 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$54.60), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 197.67k shares for CA$9.5m. But insiders sold 19.19k shares worth CA$1.0m. In total, TC Energy insiders bought more than they sold over the last year. You can see the insider transactions (by companies and 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

TC Energy Insiders Are Selling The Stock

There was substantially more insider selling, than buying, of TC Energy shares over the last three months. In that time, insiders dumped CA$385k worth of shares. On the other hand we note insider Jessica Kirstine bought CA$11k worth of shares. Generally this level of net selling might be considered a bit bearish.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. TC Energy insiders own about CA$40m worth of shares. That equates to 0.07% 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 stark truth for TC Energy is that there has been more insider selling than insider buying in the last three months. On the other hand, the insider transactions over the last year are encouraging. It's good to see insiders are shareholders. So we're happy enough to look past some selling. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that TC Energy is showing 3 warning signs in our investment analysis, and 2 of those don't sit too well with us...

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com