TC Energy (TRP) Stock Forecast, Price & News

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

8 analysts have issued 1 year price targets for TC Energy's stock. Their TRP share price forecasts range from $47.00 to $75.00. On average, they predict the company's share price to reach $59.78 in the next year. This suggests a possible upside of 67.6% from the stock's current price.
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TC Energy's stock was trading at $39.86 at the start of the year. Since then, TRP shares have decreased by 10.5% and is now trading at $35.66.
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TC Energy saw a increase in short interest in 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 daily volume of 2,860,000 shares, the days-to-cover ratio is currently 10.5 days. Currently, 3.0% of the company's stock are short sold.
View TC Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our TRP earnings forecast.

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 the consensus estimate of $2.74 billion. TC Energy had a trailing twelve-month return on equity of 13.80% and a net margin of 6.89%.

TC Energy announced a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.702 per share on Tuesday, October 31st. This represents a $2.81 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from the stock's previous quarterly dividend of $0.69.
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.

TC Energy (NYSE:TRP) pays an annual dividend of $2.81 per share and currently has a dividend yield of 7.72%. 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.

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 investors include Capital World Investors (4.78%), Bank of Montreal Can (4.08%), Capital International Investors (3.39%), Bank of Nova Scotia (2.69%), Capital Research Global Investors (2.44%) and Canada Pension Plan Investment Board (2.02%).

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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One share of TRP stock can currently be purchased for approximately $35.66.

TC Energy (NYSE:TRP) has a market capitalization of $37.00 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.

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.