TC Energy (NYSE:TRP) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• TC Energy shares rose above their 200-day moving average, reaching $64.45 and last trading near $64.34, up 1.9%. The move signals improving technical momentum for the pipeline operator.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $93.75. However, US Capital Advisors lowered its 2026–2028 EPS estimates, indicating expectations for softer profitability.
• TC Energy’s upcoming earnings report is expected to show year-over-year earnings growth, while its prior quarter beat estimates with $0.68 EPS and $2.80 billion in revenue. Institutional investors own 83.13% of the company, including significant positions from the Canada Pension Plan Investment Board and GQG Partners.

TC Energy Corporation (NYSE:TRP - Get Free Report) TSE: TRP passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $63.58 and traded as high as $64.45. TC Energy shares last traded at $64.3360, with a volume of 1,644,705 shares changing hands.

Key Stories Impacting TC Energy

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

• Positive Sentiment: TC Energy is expected to report year-over-year earnings growth, and US Capital Advisors maintained a “Moderate Buy” rating. The company’s pipeline operations and anticipated earnings growth may be supporting investor interest. TC Energy Earnings Expected to Grow
• Neutral Sentiment: The company’s next earnings release is approaching. Zacks expects earnings to grow but says TC Energy does not have the combination of factors typically associated with a likely earnings beat, suggesting investors may focus closely on guidance and operating results. TC Energy Earnings Expectations
• Negative Sentiment: US Capital Advisors lowered its estimates across multiple periods: Q3 2026 EPS to $0.62 from $0.64, Q4 2026 EPS to $0.72 from $0.77, and full-year 2026 EPS to $2.72 from $2.80. The firm also reduced FY2027 EPS to $2.63 from $2.69 and FY2028 EPS to $2.72 from $2.81. These cuts signal softer expected profitability and weigh against the bullish impact of the retained rating. TC Energy Analyst Estimate Revisions

Analyst Upgrades and Downgrades

TRP has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce set a $99.00 price objective on shares of TC Energy in a research note on Thursday, October 22nd. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 20th. BMO Capital Markets reissued an "outperform" rating and issued a $99.00 price target on shares of TC Energy in a research note on Friday, July 31st. The Goldman Sachs Group upgraded TC Energy from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research report on Wednesday, September 30th. Finally, TD upgraded TC Energy to a "buy" rating in a research report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.75.

TC Energy Trading Up 1.9%

The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $64.34 billion, a P/E ratio of 26.70 and a beta of 0.70. The business has a 50 day moving average price of $61.24 and a 200 day moving average price of $63.58.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.07. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same period last year, the company posted $0.82 EPS. Analysts anticipate that TC Energy Corporation will post 2.79 EPS for the current year.

Hedge Funds Weigh In On TC Energy

Several institutional investors and hedge funds have recently made changes to their positions in TRP. Canada Pension Plan Investment Board bought a new stake in TC Energy in the 2nd quarter valued at $1,148,244,000. GQG Partners LLC acquired a new position in TC Energy in the 2nd quarter worth $1,107,936,000. Deutsche Bank AG increased its holdings in TC Energy by 1.3% during the 2nd quarter. Deutsche Bank AG now owns 15,821,521 shares of the pipeline company's stock worth $1,048,809,000 after purchasing an additional 196,543 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in TC Energy during the 2nd quarter worth about $977,976,000. Finally, TD Waterhouse Canada Inc. increased its holdings in TC Energy by 0.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 10,660,905 shares of the pipeline company's stock worth $623,355,000 after purchasing an additional 40,969 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Company Profile

TC Energy Corporation NYSE: TRP is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company's operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.

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