TC Energy Stock Price, News & Analysis (NYSE:TRP)

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.
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11 brokerages have issued 1-year price targets for TC Energy's shares. Their TRP share price targets range from $47.00 to $70.00. On average, they predict the company's share price to reach $56.50 in the next twelve months. This suggests a possible upside of 48.7% from the stock's current price.
View analysts price targets for TRP or view top-rated stocks among Wall Street analysts.

TC Energy's stock was trading at $39.86 on January 1st, 2023. Since then, TRP stock has decreased by 4.7% and is now trading at $38.0050.
View the best growth stocks for 2023 here.

TC Energy saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 24,180,000 shares, a drop of 69.0% from the October 15th total of 78,020,000 shares. Based on an average trading volume of 2,970,000 shares, the short-interest ratio is currently 8.1 days. Currently, 2.4% of the shares of the stock are short sold.
View TC Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our TRP earnings forecast.

TC Energy Co. (NYSE:TRP) announced its quarterly earnings data on Wednesday, November, 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.04. The pipeline company had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.76 billion. TC Energy had a net margin of 0.10% and a trailing twelve-month return on equity of 18.19%.

TC Energy announced a quarterly dividend on Wednesday, November 8th. Stockholders of record on Friday, December 29th will be given a dividend of $0.67 per share on Wednesday, January 31st. This represents a $2.68 annualized dividend and a yield of 7.05%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for TRP.

TC Energy (NYSE:TRP) pays an annual dividend of $2.69 per share and currently has a dividend yield of 7.27%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TRP.

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

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.

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).

TC Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank of Nova Scotia (2.46%), Canada Pension Plan Investment Board (2.37%), National Bank of Canada FI (1.93%), Mackenzie Financial Corp (1.69%), Healthcare of Ontario Pension Plan Trust Fund (1.59%) and Deutsche Bank AG (1.47%).

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.
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