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NYSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

$38.17
-0.66 (-1.70%)
(As of 02:09 PM ET)
Today's Range
$38.13
$39.00
50-Day Range
$35.10
$40.50
52-Week Range
$32.51
$41.85
Volume
993,323 shs
Average Volume
2.95 million shs
Market Capitalization
$38.17 billion
P/E Ratio
19.68
Dividend Yield
7.41%
Price Target
$48.83

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
26.1% Upside
$48.83 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
0.85mentions of TC Energy in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.67%
From $2.99 to $3.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.15 out of 5 stars

Oils/Energy Sector

86th out of 244 stocks

Natural Gas Transmission Industry

5th out of 19 stocks

TRP stock logo

About TC Energy Stock (NYSE:TRP)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

TRP Stock Price History

TRP Stock News Headlines

Top Stock Reports for Amazon.com, Visa & Pfizer
Goldman Sachs Keeps Their Sell Rating on TC Energy (TRP)
TC Energy declares quarterly dividends
TC Energy (TRP) Receives a Buy from RBC Capital
See More Headlines
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Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 4/30 Dividend
3/27/2024
Dividend Payable
4/30/2024
Today
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,415
Year Founded
1951

Price Target and Rating

Average Stock Price Target
$48.83
High Stock Price Target
$55.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+27.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$2.16 billion
Pretax Margin
24.70%

Debt

Sales & Book Value

Annual Sales
$11.80 billion
Cash Flow
$5.47 per share
Book Value
$27.56 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
N/A
Market Cap
$38.45 billion
Optionable
Optionable
Beta
0.75

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Key Executives


TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRP, but not buy additional shares or sell existing shares.
View TRP analyst ratings
or view top-rated stocks.

What is TC Energy's stock price target for 2024?

12 Wall Street analysts have issued 12-month price targets for TC Energy's shares. Their TRP share price targets range from $32.00 to $55.00. On average, they anticipate the company's stock price to reach $48.83 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for TRP
or view top-rated stocks among Wall Street analysts.

How have TRP shares performed in 2024?

TC Energy's stock was trading at $39.09 at the start of the year. Since then, TRP stock has decreased by 0.9% and is now trading at $38.72.
View the best growth stocks for 2024 here
.

Are investors shorting TC Energy?

TC Energy saw a decline in short interest in April. As of April 30th, there was short interest totaling 16,050,000 shares, a decline of 69.5% from the April 15th total of 52,660,000 shares. Based on an average daily volume of 3,400,000 shares, the short-interest ratio is currently 4.7 days. Approximately 1.5% of the company's shares are short sold.
View TC Energy's Short Interest
.

When is TC Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) announced its earnings results on Friday, November, 5th. The pipeline company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The pipeline company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $3.51 billion. TC Energy had a net margin of 17.23% and a trailing twelve-month return on equity of 17.94%. During the same quarter in the prior year, the business earned $0.71 EPS.

How often does TC Energy pay dividends? What is the dividend yield for TC Energy?

TC Energy announced a quarterly dividend on Friday, May 3rd. Investors of record on Friday, June 28th will be given a dividend of $0.71 per share on Wednesday, July 31st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for TRP
.

Is TC Energy a good dividend stock?

TC Energy (NYSE:TRP) pays an annual dividend of $2.83 per share and currently has a dividend yield of 7.22%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 145.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TRP will have a dividend payout ratio of 94.02% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TRP.

What is Russell K. (Russ) Girling's approval rating as TC Energy's CEO?

221 employees have rated TC Energy Chief Executive Officer Russell K. (Russ) Girling on Glassdoor.com. Russell K. (Russ) Girling has an approval rating of 97% among the company's employees. This puts Russell K. (Russ) Girling in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TC Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TC Energy investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Enbridge (ENB), Johnson & Johnson (JNJ), International Business Machines (IBM), QUALCOMM (QCOM) and AbbVie (ABBV).

Who are TC Energy's major shareholders?

TC Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (5.72%), Capital International Investors (5.47%), Vanguard Group Inc. (4.11%), Capital World Investors (3.69%), 1832 Asset Management L.P. (1.98%) and Healthcare of Ontario Pension Plan Trust Fund (1.71%).

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.
Compare Top Brokerages Here.

This page (NYSE:TRP) was last updated on 5/23/2024 by MarketBeat.com Staff

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