NYSE:TRP TC Energy (TRP) Stock Forecast, Price & News $41.74 +0.09 (+0.22%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$41.14▼$41.8550-Day Range$38.91▼$42.5552-Week Range$36.79▼$58.63Volume1.08 million shsAverage Volume1.81 million shsMarket Capitalization$42.97 billionP/E Ratio33.39Dividend Yield6.59%Price Target$63.06 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability TC Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside51.1% Upside$63.06 Price TargetShort InterestHealthy2.24% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-7.41Upright™ Environmental ScoreNews Sentiment0.62Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth-5.54%From $3.07 to $2.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.19 out of 5 starsOils/Energy Sector132nd out of 248 stocksNatural Gas Transmission Industry11th out of 18 stocks 3.3 Analyst's Opinion Consensus RatingTC Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $63.06, TC Energy has a forecasted upside of 51.1% from its current price of $41.74.Amount of Analyst CoverageTC Energy has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.24% of the float of TC Energy has been sold short.Short Interest Ratio / Days to CoverTC Energy has a short interest ratio ("days to cover") of 12.5, which indicates bearish sentiment.Change versus previous monthShort interest in TC Energy has recently decreased by 16.97%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipTC Energy is a leading dividend payer. It pays a dividend yield of 6.68%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTC Energy has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of TC Energy is 220.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, TC Energy will have a dividend payout ratio of 94.83% in the coming year. This indicates that TC Energy may not be able to sustain their current dividend. Previous Next 0.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTC Energy has received a -61.23% net impact score from Upright. The largest negative impact of TC Energy in category "GHG emissions" seems to be driven mostly by its "Natural gas pipes", "LNG terminals", "Natural gas distribution services", and "Oil distribution services" products. See details.Environmental SustainabilityThe Environmental Impact score for TC Energy is -7.41. Previous Next 2.6 News and Social Media Coverage News SentimentTC Energy has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for TC Energy this week, compared to 6 articles on an average week.Search InterestOnly 25 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat Follows9 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TC Energy insiders have not sold or bought any company stock.Percentage Held by Institutions71.86% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for TC Energy are expected to decrease by -5.54% in the coming year, from $3.07 to $2.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TC Energy is 33.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.06.Price to Earnings Ratio vs. SectorThe P/E ratio of TC Energy is 33.39, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 54.36.Price to Earnings Growth RatioTC Energy has a PEG Ratio of 3.35. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTC Energy has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TC Energy (NYSE:TRP) StockTC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Energy Solutions, and Corporate. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments on crude oil pipeline systems. The Power and Energy Solutions segment consists of power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.Read More Receive TRP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TC Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address TRP Stock News HeadlinesJune 1, 2023 | marketbeat.comEquitrans Midstream Surges 40% On Debt Ceiling Deal (TRP)Natural gas pipeline operator Equitrans Midstream surges 40% as the Mountain Valley Pipeline project's completion looks promising with the debt ceiling deal.June 8, 2023 | theglobeandmail.comTC Energy laying off staffJune 9, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 7, 2023 | americanbankingnews.comZacks Research Comments on TC Energy Co.'s Q3 2023 Earnings (NYSE:TRP)June 2, 2023 | americanbankingnews.comTC Energy Target of Unusually High Options Trading (NYSE:TRP)May 31, 2023 | finance.yahoo.comMedia Advisory: TC Energy to host Sustainable Energy Forum for investorsMay 24, 2023 | seekingalpha.comTC Energy Has Substantial CatalystsMay 24, 2023 | americanbankingnews.comTC Energy Co. (NYSE:TRP) Forecasted to Post Q2 2023 Earnings of $0.72 Per ShareJune 9, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 23, 2023 | finance.yahoo.comInvestors Met With Slowing Returns on Capital At TC Energy (TSE:TRP)May 20, 2023 | americanbankingnews.comTC Energy Co. (NYSE:TRP) Receives Average Rating of "Hold" from AnalystsMay 19, 2023 | americanbankingnews.comTC Energy Target of Unusually Large Options Trading (NYSE:TRP)May 18, 2023 | americanbankingnews.comTC Energy (NYSE:TRP) Now Covered by StockNews.comMay 17, 2023 | msn.comBetter Blue-Chip High Yield Buy: TC Energy Or Enterprise Products PartnersMay 17, 2023 | finance.yahoo.comA Pipeline Pushed to the Limit Preceded Keystone’s Worst Oil SpillMay 14, 2023 | finance.yahoo.comBeyond ExxonMobil: These 3 Dividend Stocks Are Smarter Buys Right NowMay 12, 2023 | finance.yahoo.comTC Energy finishes recovering oil from Kansas creek in Keystone spillMay 9, 2023 | theglobeandmail.comClosing Bell: Tc Energy Corp up on Tuesday (TRP)May 9, 2023 | theglobeandmail.comTC Energy pauses construction on section of Coastal GasLink projectMay 7, 2023 | finance.yahoo.comTC Energy (TSE:TRP) Is Increasing Its Dividend To CA$0.93May 6, 2023 | theglobeandmail.comClosing Bell: Tc Energy Corp down on Thursday (TRP)May 6, 2023 | theglobeandmail.comClosing Bell: Tc Energy Corp down on Thursday (TRP)May 5, 2023 | finance.yahoo.comTC Energy (TRP) Q1 Earnings in Line With Estimates, Sales BeatMay 5, 2023 | americanbankingnews.comFY2024 EPS Estimates for TC Energy Co. (NYSE:TRP) Lowered by National Bank FinancialApril 30, 2023 | americanbankingnews.comBrokerages Set TC Energy Co. (NYSE:TRP) Target Price at $64.94April 28, 2023 | theglobeandmail.comClosing Bell: Tc Energy Corp up on Friday (TRP)April 28, 2023 | seekingalpha.comTC Energy Corporation (TRP) Q1 2023 Earnings Call TranscriptSee More Headlines TRP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRP Company Calendar Ex-Dividend for 4/28 Dividend3/30/2023Last Earnings4/28/2023Dividend Payable4/28/2023Today6/08/2023Ex-Dividend for 7/31 Dividend6/29/2023Next Earnings (Estimated)7/27/2023Dividend Payable7/31/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas transmission Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:TRP CUSIPN/A CIK1232384 Webwww.transcanada.com Phone(403) 920-2000Fax1403-920-2200Employees7,477Year Founded1951Price Target and Rating Average Stock Price Forecast$63.06 High Stock Price Forecast$68.00 Low Stock Price Forecast$53.00 Forecasted Upside/Downside+51.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.25 Trailing P/E Ratio33.39 Forward P/E Ratio13.60 P/E Growth3.35Net Income$575.36 million Net Margins11.35% Pretax Margin14.89% Return on Equity13.97% Return on Assets3.88% Debt Debt-to-Equity Ratio1.76 Current Ratio0.74 Quick Ratio0.67 Sales & Book Value Annual Sales$11.52 billion Price / Sales3.73 Cash Flow$5.34 per share Price / Cash Flow7.81 Book Value$23.89 per share Price / Book1.75Miscellaneous Outstanding Shares1,029,470,000Free FloatN/AMarket Cap$42.97 billion OptionableOptionable Beta0.85 Social Links Key ExecutivesFrancois L. PoirierPresident, Chief Executive Officer & DirectorJoel E. HunterChief Financial Officer & Executive Vice PresidentJawad A. MasudSenior Vice President-Technical CentreLeslie C. KassExecutive Vice President-Technical CentrePatrick M KeysExecutive Vice President & General CounselKey CompetitorsKinder MorganNYSE:KMIWilliams CompaniesNYSE:WMBEnterprise Products PartnersNYSE:EPDTarga ResourcesNYSE:TRGPHessNYSE:HESView All CompetitorsInstitutional OwnershipProShare Advisors LLCBought 131,590 shares on 5/26/2023Ownership: 0.013%Ameriprise Financial Inc.Sold 25,309 shares on 5/22/2023Ownership: 0.077%Raleigh Capital Management Inc.Bought 8,684 shares on 5/22/2023Ownership: 0.004%Anson Funds Management LPBought 10,000 shares on 5/19/2023Ownership: 0.006%Harvest Portfolios Group Inc.Bought 172,350 shares on 5/18/2023Ownership: 0.017%View All Institutional Transactions TRP Stock - Frequently Asked Questions Should I buy or sell TC Energy stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRP shares. View TRP analyst ratings or view top-rated stocks. What is TC Energy's stock price forecast for 2023? 4 brokerages have issued 1 year target prices for TC Energy's shares. Their TRP share price forecasts range from $53.00 to $68.00. On average, they anticipate the company's stock price to reach $63.06 in the next year. This suggests a possible upside of 51.1% 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 2023? TC Energy's stock was trading at $39.86 at the beginning of the year. Since then, TRP shares have increased by 4.7% and is now trading at $41.74. View the best growth stocks for 2023 here. Are investors shorting TC Energy? TC Energy saw a decline in short interest in May. As of May 15th, there was short interest totaling 22,410,000 shares, a decline of 17.0% from the April 30th total of 26,990,000 shares. Based on an average daily volume of 1,800,000 shares, the short-interest ratio is currently 12.5 days. Currently, 2.2% of the shares of the stock 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 27th 2023. View our TRP earnings forecast. How were TC Energy's earnings last quarter? TC Energy Co. (NYSE:TRP) announced its quarterly earnings results on Friday, April, 28th. The pipeline company reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The pipeline company earned $2.91 billion during the quarter, compared to analysts' expectations of $2.73 billion. TC Energy had a trailing twelve-month return on equity of 13.97% and a net margin of 11.35%. How often does TC Energy pay dividends? What is the dividend yield for TC Energy? TC Energy declared a quarterly dividend on Friday, April 28th. Investors of record on Friday, June 30th will be given a dividend of $0.688 per share on Monday, July 31st. This represents a $2.75 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Thursday, June 29th. Read our dividend analysis for TRP. What ETFs hold TC Energy's stock? ETFs with the largest weight of TC Energy (NYSE:TRP) stock in their portfolio include Global X MLP & Energy Infrastructure ETF (MLPX), iShares North American Natural Resources ETF (IGE), iShares U.S. Infrastructure ETF (IFRA), Dimensional International Core Equity Market ETF (DFAI), Capital Group Core Equity ETF (CGUS), iShares Core MSCI International Developed Markets ETF (IDEV), iShares Core MSCI Total International Stock ETF (IXUS) and iShares Frontier and Select EM ETF (FM). Is TC Energy a good dividend stock? TC Energy (NYSE:TRP) pays an annual dividend of $2.75 per share and currently has a dividend yield of 6.68%. 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 220.00%. 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 94.83% 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." Who are TC Energy's major shareholders? TC Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (2.22%), Wellington Management Group LLP (2.03%), Deutsche Bank AG (2.00%), Mackenzie Financial Corp (1.74%), Price T Rowe Associates Inc. MD (1.68%) and 1832 Asset Management L.P. (1.52%). 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 $41.74. How much money does TC Energy make? TC Energy (NYSE:TRP) has a market capitalization of $42.97 billion and generates $11.52 billion in revenue each year. The pipeline company earns $575.36 million in net income (profit) each year or $1.25 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 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TC Energy Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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