TC Energy (NYSE:TRP) Stock Bumped Down to Sell by Wall Street Zen

Key Points

• Wall Street Zen downgraded TC Energy from “hold” to “sell,” though broader analyst sentiment remains more favorable: MarketBeat reports a “Moderate Buy” consensus and an average price target of $93.75.
• TC Energy beat quarterly estimates, reporting EPS of $0.67 versus $0.64 expected and revenue of $2.88 billion versus $2.79 billion expected.
• The company raised its 2026 profit outlook, extended its outlook through 2031, and announced about C$3 billion in pipeline growth projects.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a "buy (b)" rating on shares of TC Energy in a report on Thursday, October 29th. TD Securities reissued a "buy" rating on shares of TC Energy in a research report on Friday, October 16th. Jefferies Financial Group raised shares of TC Energy from a "hold" rating to a "buy" rating in a report on Tuesday, September 1st. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 20th. Finally, Barclays restated an "overweight" rating on shares of TC Energy in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $93.75.

TC Energy Stock Performance

Shares of TC Energy stock opened at $61.95 on Friday. TC Energy has a 12 month low of $50.72 and a 12 month high of $71.47. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 23.92 and a beta of 0.64. The firm's fifty day simple moving average is $61.34 and its 200-day simple moving average is $63.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.61 and a quick ratio of 0.54.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its earnings results on Thursday, November 5th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter last year, the company posted $0.77 earnings per share. As a group, equities analysts forecast that TC Energy will post 2.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRP. Ontario Teachers Pension Plan Board acquired a new position in shares of TC Energy during the second quarter worth $273,917,000. Korea Investment CORP purchased a new position in shares of TC Energy during the second quarter worth about $30,152,000. Wellington Management Group LLP purchased a new stake in shares of TC Energy in the second quarter valued at about $7,450,000. Canada Pension Plan Investment Board acquired a new position in TC Energy during the second quarter worth about $1,148,244,000. Finally, Chickasaw Capital Management LLC grew its holdings in TC Energy by 2,473.7% in the third quarter. Chickasaw Capital Management LLC now owns 200,849 shares of the pipeline company's stock valued at $11,605,000 after purchasing an additional 193,045 shares during the period. 83.13% of the stock is owned by institutional investors.

More TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Third-quarter EPS of $0.67 beat the $0.64 consensus, while revenue of $2.88 billion exceeded estimates of $2.79 billion. TC Energy Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: TC Energy raised its 2026 profit outlook, extended its outlook through 2031, and announced about C$3 billion in new pipeline growth projects. Stronger guidance and planned investment may support future earnings growth. TC Energy raises 2026 profit outlook and announces projects
• Positive Sentiment: The company declared a quarterly dividend of C$0.88 per share, equivalent to an indicated annualized yield of about 5.6%, which may appeal to income-focused investors.
• Positive Sentiment: Management plans to unveil a further NGTL expansion proposal in December, adding a potential source of future pipeline investment and growth. TC Energy to unveil NGTL expansion plan
• Neutral Sentiment: Despite the favorable earnings and outlook news, TRP was lower in the supplied trading snapshot. The provided coverage does not point to a clear company-specific negative headline explaining the decline.

TC Energy Company Profile

TC Energy NYSE: TRP is a North American energy infrastructure company that develops and operates natural gas and liquids pipelines, natural gas storage facilities, and power-generation assets. Its services help transport and store energy for producers, utilities, businesses, and consumers.

The company's pipeline network spans Canada, the United States, and Mexico. Its power-generation portfolio includes an interest in Bruce Power, which operates a nuclear generating station in Ontario.

Founded as TransCanada Corporation, the company adopted the TC Energy name in 2019.

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