TC Energy Corporation (TSE:TRP) shareholders (or potential shareholders) will be happy to see that the CEO, President & Director, Francois Poirier, recently bought a whopping CA$922k worth of stock, at a price of CA$55.85. Not only is that a big swing, but it increased their holding size by 33%, which is definitely great to see.

Check out our latest analysis for TC Energy

The Last 12 Months Of Insider Transactions At TC Energy

Notably, that recent purchase by Francois Poirier is the biggest insider purchase of TC Energy shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of CA$54.37. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Over the last year, we can see that insiders have bought 180.37k shares worth CA$10m. But insiders sold 12.40k shares worth CA$805k. In the last twelve months there was more buying than selling by TC Energy insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. TC Energy insiders own about CA$34m worth of shares. That equates to 0.07% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About TC Energy Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in TC Energy shares, given these transactions (along with notable insider ownership of the company). While we like knowing 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. While conducting our analysis, we found that TC Energy has 1 warning sign and it would be unwise to ignore it.

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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