TC Energy (TRP) Stock Price, News & Analysis

Company Overview

TC Energy Corporation (NYSE: TRP) is a leading North American energy infrastructure company headquartered in Calgary, Alberta. The company specializes in the development, ownership and operation of energy transportation and storage assets, focusing primarily on natural gas pipelines, liquids pipelines and power generation. TC Energy’s integrated asset network spans critical corridors across Canada, the United States and Mexico, providing reliable energy solutions to a diverse customer base.

In the natural gas pipeline segment, TC Energy operates one of the largest networks in North America, including the NOVA Gas Transmission Ltd. (NGTL) system in Alberta and the Columbia Pipeline Group in the United States. The company’s Keystone Pipeline System transports crude oil from Western Canada to refineries and terminals in the U.S. Midwest and Gulf Coast. TC Energy continues to pursue strategic expansions, such as the Coastal GasLink Pipeline project, which will deliver natural gas to liquefied natural gas (LNG) export facilities on Canada’s West Coast.

Beyond pipelines, TC Energy is a significant participant in power generation and storage. Its portfolio comprises natural gas-fired, nuclear, hydroelectric and wind-powered facilities in Canada and the United States. These assets contribute to grid stability and help meet growing electricity demand, particularly in regions prioritizing cleaner energy transitions. The company also explores energy storage solutions to support renewable integration and grid flexibility.

Founded in 1951 as TransCanada PipeLines Limited, the company rebranded to TC Energy Corporation in 2019 to reflect its broader North American footprint. Under the leadership of President and Chief Executive Officer François Poirier, TC Energy emphasizes operational excellence, safety and environmental stewardship. The company’s longstanding relationships with indigenous communities, regulators and commercial partners underpin its commitment to delivering sustainable and dependable energy infrastructure solutions.

Key Stats

• Today's Range: $49.84 to $51.09
• 50-Day Range: $50.38 to $55.16
• 52-Week Range: $43.51 to $55.37
• Volume: 2.06 million shs
• Average Volume: 2.61 million shs
• Market Capitalization: $52.41 billion
• P/E Ratio: 17.19
• Dividend Yield: 4.90%
• Price Target: $72.00
• Consensus Rating: Moderate Buy

TC Energy Stock Analysis - MarketRank™

TC Energy scored higher than 80% of companies evaluated by MarketBeat, and ranked 68th out of 268 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TC Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.

Upside Potential

TC Energy has a consensus price target of $72.00, representing about 42.9% upside from its current price of $50.38.

Amount of Analyst Coverage

TC Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 6.84%

Earnings Growth

Earnings for TC Energy are expected to grow by 6.84% in the coming year, from $2.63 to $2.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TC Energy is 17.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of TC Energy is 17.19, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 16.22.

Price to Earnings Growth Ratio

TC Energy has a PEG Ratio of 4.83. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

TC Energy has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.53% of the float of TC Energy has been sold short.

Short Interest Ratio / Days to Cover

TC Energy has a short interest ratio ("days to cover") of 30.9, which indicates bearish sentiment.

Change versus previous month

Short interest in TC Energy has recently increased by 130.58%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

TC Energy is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

TC Energy has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of TC Energy is 84.30%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, TC Energy will have a dividend payout ratio of 87.90% in the coming year. This indicates that TC Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -7.41

Percentage of Shares Shorted

5.53% of the float of TC Energy has been sold short.

Short Interest Ratio / Days to Cover

TC Energy has a short interest ratio ("days to cover") of 30.9, which indicates bearish sentiment.

Change versus previous month

Short interest in TC Energy has recently increased by 130.58%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.23

News Sentiment

TC Energy has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for TC Energy this week, compared to 14 articles on an average week.

Search Interest

24 people have searched for TRP on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

6 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TC Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

83.13% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRP Stock Analysis - Frequently Asked Questions

How have TRP shares performed this year?

TC Energy's stock was trading at $46.53 on January 1st, 2025. Since then, TRP shares have increased by 8.3% and is now trading at $50.38.

How were TC Energy's earnings last quarter?

TC Energy Corporation (NYSE:TRP) released its quarterly earnings data on Thursday, July, 31st. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The pipeline company earned $1.82 billion during the quarter, compared to the consensus estimate of $2.56 billion. TC Energy had a trailing twelve-month return on equity of 11.22% and a net margin of 28.98%.
Read the conference call transcript.

Who are TC Energy's major shareholders?

Top institutional shareholders of TC Energy include JARISLOWSKY FRASER Ltd (1.03%), Cardinal Capital Management Inc. (0.24%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.13%) and Miller Howard Investments Inc. NY (0.11%).

How do I buy shares of TC Energy?

Shares of TRP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of TC Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TC Energy investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Record date for 7/31 Dividend: 6/30/2025
• Ex-Dividend for 7/31 Dividend: 6/30/2025
• Last Earnings: 7/31/2025
• Dividend Payable: 7/31/2025
• Record date for 10/31 Dividend: 9/29/2025
• Ex-Dividend for 10/31 Dividend: 9/29/2025
• Today: 10/24/2025
• Dividend Payable: 10/31/2025
• Next Earnings (Estimated): 11/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Other Alt Energy
• Sub-Industry: Utilities
• Current Symbol: NYSE:TRP
• CIK: 1232384
• Web: www.transcanada.com
• Phone: (403) 920-2000
• Fax: 1403-920-2200
• Employees: 6,668
• Year Founded: 1951

Price Target and Rating

• Average Price Target for TC Energy: $72.00
• High Price Target: $74.00
• Low Price Target: $70.00
• Potential Upside/Downside: +42.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.93
• Trailing P/E Ratio: 17.19
• Forward P/E Ratio: 19.16
• P/E Growth: 4.91
• Net Income: $3.43 billion
• Net Margins: 28.98%
• Pretax Margin: 37.68%
• Return on Equity: 11.22%
• Return on Assets: 3.31%

Debt

• Debt-to-Equity Ratio: 1.54
• Current Ratio: 0.61
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $10.05 billion
• Price / Sales: 5.21
• Cash Flow: $5.01 per share
• Price / Cash Flow: 10.06
• Book Value: $25.19 per share
• Price / Book: 2.00

Miscellaneous

• Outstanding Shares: 1,040,250,000
• Free Float: N/A
• Market Cap: $52.41 billion
• Optionable: Optionable
• Beta: 0.75