TC Energy (TRP) Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our TRP earnings forecast.

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%.

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.

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).

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.

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

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%).

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.

One share of TRP stock can currently be purchased for approximately $41.74.

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.

The company employs 7,477 workers across the globe.

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.