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NYSE:TRP

TC Energy (TRP) Stock Forecast, Price & News

$33.09
-0.31 (-0.93%)
(As of 10:03 AM ET)
Compare
Today's Range
$33.01
$33.33
50-Day Range
$33.45
$37.47
52-Week Range
$33.01
$49.51
Volume
419,483 shs
Average Volume
2.33 million shs
Market Capitalization
$34.33 billion
P/E Ratio
45.96
Dividend Yield
8.49%
Price Target
$59.78

TC Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
78.7% Upside
$59.78 Price Target
Short Interest
Bearish
4.79% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
1.12mentions of TC Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.33%
From $3.19 to $3.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Oils/Energy Sector

137th out of 247 stocks

Natural Gas Transmission Industry

11th out of 18 stocks


TRP stock logo

About TC Energy (NYSE:TRP) Stock

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 93,700 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, and Texas. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

TRP Price History

TRP Stock News Headlines

Coastal GasLink pipeline project 98 per cent complete
Coastal GasLink pipeline project 98% complete, TC Energy says
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
TRP:CA TC Energy Corporation
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Should You Buy Telus Stock or TC Energy for Dividend Income?
Where TC Energy Stands With Analysts
TC Energy Corp Pref Series 2 (TRP_pf)
Closing Bell: Tc Energy Corp up on Wednesday (TRP)
Insider Spends CA$1.8m Buying More Shares In TC Energy
TC Energy Stock: Buy, Sell, or Hold?
See More Headlines
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TRP Company Calendar

Ex-Dividend for 7/31 Dividend
6/29/2023
Last Earnings
7/27/2023
Dividend Payable
7/31/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Today
10/03/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,477
Year Founded
1951

Price Target and Rating

Average Stock Price Forecast
$59.78
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+78.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$575.36 million
Pretax Margin
11.06%

Debt

Sales & Book Value

Annual Sales
$11.52 billion
Cash Flow
$5.12 per share
Book Value
$23.89 per share

Miscellaneous

Outstanding Shares
1,037,490,000
Free Float
N/A
Market Cap
$34.70 billion
Optionable
Optionable
Beta
0.83

Social Links

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Key Executives

  • Mr. Francois Lionel PoirierMr. Francois Lionel Poirier (Age 57)
    CEO, Pres & Director
    Comp: $1.98M
  • Mr. Joel E. HunterMr. Joel E. Hunter (Age 56)
    Exec. VP & CFO
    Comp: $803.26k
  • Mr. Stanley Graham Chapman III (Age 57)
    Exec. VP & COO of Natural Gas Pipelines
    Comp: $1.62M
  • Mr. Bevin Mark Wirzba M.B.A.Mr. Bevin Mark Wirzba M.B.A.
    MBA, P.Eng., Exec. VP, Group Pres, Liquids Pipelines & Coastal GasLink
  • Gavin Wylie
    Vice-Pres of Investor Relations
  • Mr. Patrick M. Keys
    Exec. VP, Gen. Counsel and Chief Compliance & Sustainability Officer
  • Ms. Annesley Wallace
    Exec. VP of Strategy, Corp. Devel. and Pres of Power & Energy Solutions
  • Mr. Richard J. Prior
    Pres of Liquids Pipelines.
  • Ms. Tracy A. Robinson (Age 59)
    Exec. Advisor
  • Ms. Dawn E. de Lima
    Exec. Vice-Pres of Corp. Services













TRP Stock - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TRP shares.
View TRP analyst ratings
or view top-rated stocks.

What is TC Energy's stock price forecast for 2023?

8 brokerages have issued 12 month price objectives for TC Energy's shares. Their TRP share price forecasts range from $47.00 to $75.00. On average, they expect the company's share price to reach $59.78 in the next year. This suggests a possible upside of 78.7% 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 2023?

TC Energy's stock was trading at $39.86 on January 1st, 2023. Since then, TRP shares have decreased by 16.1% and is now trading at $33.45.
View the best growth stocks for 2023 here
.

Are investors shorting TC Energy?

TC Energy saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 29,990,000 shares, an increase of 32.6% from the August 15th total of 22,610,000 shares. Based on an average trading volume of 2,860,000 shares, the days-to-cover ratio is currently 10.5 days. Currently, 3.0% of the shares of the stock are sold short.
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 Wednesday, November 8th 2023.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) released its earnings results on Thursday, July, 27th. The pipeline company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.73 by $0.02. The pipeline company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.74 billion. TC Energy had a trailing twelve-month return on equity of 13.80% and a net margin of 6.89%.

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

TC Energy announced a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 29th will be given a dividend of $0.702 per share on Tuesday, October 31st. This represents a $2.81 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for TRP
.

What ETF holds TC Energy's stock ?

iShares North American Natural Resources ETF holds 254,254 shares of TRP stock, representing 1.56% of its portfolio.

Is TC Energy a good dividend stock?

TC Energy (NYSE:TRP) pays an annual dividend of $2.81 per share and currently has a dividend yield of 8.16%. 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 390.28%. 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 93.05% 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).

What is TC Energy's stock symbol?

TC Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRP."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TC Energy's stock price today?

One share of TRP stock can currently be purchased for approximately $33.45.

How much money does TC Energy make?

TC Energy (NYSE:TRP) has a market capitalization of $34.70 billion and generates $11.52 billion in revenue each year. The pipeline company earns $575.36 million in net income (profit) each year or $0.72 on an earnings per share basis.

How many employees does TC Energy have?

The company employs 7,477 workers across the globe.

How can I contact TC Energy?

TC Energy's mailing address is 450 - 1ST STREET S.W., CALGARY A0, T2P 5H1. The official website for the company is www.transcanada.com. The pipeline company can be reached via phone at (403) 920-2000, via email at investor_relations@transcanada.com, or via fax at 1403-920-2200.

This page (NYSE:TRP) was last updated on 10/3/2023 by MarketBeat.com Staff

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