NYSE:TRP TC Energy (TRP) Stock Forecast, Price & News $36.07 +0.40 (+1.12%) (As of 04:26 PM ET) Add Compare Share Share Today's Range$35.49▼$36.1750-Day Range$34.18▼$39.5352-Week Range$33.02▼$49.51Volume7.66 million shsAverage Volume2.28 million shsMarket Capitalization$37.42 billionP/E Ratio50.10Dividend Yield7.79%Price Target$59.78 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability TC Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside67.1% Upside$59.78 Price TargetShort InterestBearish4.79% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-7.41Upright™ Environmental ScoreNews Sentiment1.10Based on 17 Articles This WeekInsider TradingN/AProj. Earnings Growth-5.33%From $3.19 to $3.02 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.2.25 out of 5 starsOils/Energy Sector123rd out of 245 stocksNatural Gas Transmission Industry11th out of 19 stocks 4.3 Analyst's Opinion Consensus RatingTC Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $59.78, TC Energy has a forecasted upside of 67.1% from its current price of $35.78.Amount of Analyst CoverageTC Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted4.79% 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 16, which indicates bearish sentiment.Change versus previous monthShort interest in TC Energy has recently increased by 59.69%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipTC Energy is a leading dividend payer. It pays a dividend yield of 7.71%, 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 390.28%. 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 93.05% 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 3.4 News and Social Media Coverage News SentimentTC Energy has a news sentiment score of 1.10. 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 is a higher news sentiment than the 0.73 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 17 news articles for TC Energy this week, compared to 6 articles on an average week.Search InterestOnly 43 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows18 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 Institutions73.67% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for TC Energy are expected to decrease by -5.33% in the coming year, from $3.19 to $3.02 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TC Energy is 49.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.52.Price to Earnings Ratio vs. SectorThe P/E ratio of TC Energy is 49.69, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.23.Price to Earnings Growth RatioTC Energy has a PEG Ratio of 2.85. 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 1.50. 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 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.Read More TRP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRP Stock News HeadlinesSeptember 26, 2023 | msn.comShould Investors Buy TC Energy Stock for its 7.6% Dividend Yield?September 22, 2023 | americanbankingnews.comTC Energy Co. (NYSE:TRP) Given Consensus Recommendation of "Moderate Buy" by BrokeragesSeptember 27, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 22, 2023 | americanbankingnews.comFY2023 EPS Estimates for TC Energy Co. (NYSE:TRP) Raised by AnalystSeptember 21, 2023 | msn.comTC Energy's Coastal GasLink pipeline fined for environmental non-complianceSeptember 21, 2023 | seekingalpha.comTRP:CA TC Energy CorporationSeptember 21, 2023 | americanbankingnews.comInvestors Buy Large Volume of TC Energy Put Options (NYSE:TRP)September 21, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for TC Energy Co. Lifted by Analyst (NYSE:TRP)September 27, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 19, 2023 | finance.yahoo.comTC Energy (TRP) Completes Bruce Power's Unit 6 MCR in OntarioSeptember 15, 2023 | msn.com3 Pipeline Stocks That Are Screaming Buys in SeptemberSeptember 15, 2023 | msn.comEarn Passive Income in 2023 With This 7.6%-Yielding Dividend StockSeptember 14, 2023 | msn.com2 Energy Stocks With a 7% Yield: Buy Both, Just 1, or Pass?September 11, 2023 | ca.finance.yahoo.comShould You Buy Telus Stock or TC Energy for Dividend Income?September 8, 2023 | markets.businessinsider.comWhere TC Energy Stands With AnalystsSeptember 4, 2023 | msn.com3 Reasons Why TC Energy Is A Better Buy Than Energy TransferSeptember 2, 2023 | investing.comTC Energy Corp Pref Series 2 (TRP_pf)August 29, 2023 | msn.comShould You Buy TC Energy Stock for its +7% Dividend Yield?August 24, 2023 | msn.comTC Energy seeking sale of Nova Gas system stake to indigenous groupsAugust 24, 2023 | ca.finance.yahoo.comTC Energy seeks approval for potential minority interest sale of NGTL systemAugust 24, 2023 | bloomberg.comTC Energy Eyes Sale of Gas System Stake to Indigenous GroupsAugust 22, 2023 | msn.comThis 7.6% Dividend Stock Is My Pick for Super Income in 2023August 20, 2023 | msn.comBuild Your Nest Egg: 5 Top Dividend Stocks for Canadian InvestorsAugust 9, 2023 | msn.comTC Energy’s Spinoff: What Should Investors Do?August 3, 2023 | theglobeandmail.comClosing Bell: Tc Energy Corp up on Wednesday (TRP)August 3, 2023 | msn.comIt's The Best Time In 23 Years To Buy 8% Yielding TC EnergyAugust 3, 2023 | finance.yahoo.comInsider Spends CA$1.8m Buying More Shares In TC EnergySee More Headlines 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 Company Calendar Ex-Dividend for 7/31 Dividend6/29/2023Last Earnings7/27/2023Dividend Payable7/31/2023Today9/27/2023Ex-Dividend for 10/31 Dividend9/28/2023Dividend Payable10/31/2023Next Earnings (Estimated)11/08/2023Fiscal 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$59.78 High Stock Price Forecast$75.00 Low Stock Price Forecast$47.00 Forecasted Upside/Downside+66.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.72 Trailing P/E Ratio50.00 Forward P/E Ratio11.29 P/E Growth2.85Net Income$575.36 million Net Margins6.89% Pretax Margin11.06% Return on Equity13.80% Return on Assets3.81% Debt Debt-to-Equity Ratio1.78 Current Ratio0.61 Quick Ratio0.52 Sales & Book Value Annual Sales$11.52 billion Price / Sales3.24 Cash Flow$5.20 per share Price / Cash Flow6.92 Book Value$23.89 per share Price / Book1.51Miscellaneous Outstanding Shares1,037,490,000Free FloatN/AMarket Cap$37.35 billion OptionableOptionable Beta0.84 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Francois Lionel Poirier (Age 57)CEO, Pres & Director Comp: $1.98MMr. Joel E. Hunter (Age 56)Exec. VP & CFO Comp: $803.26kMr. Stanley Graham Chapman III (Age 57)Exec. VP & COO of Natural Gas Pipelines Comp: $1.62MMr. Bevin Mark Wirzba M.B.A.MBA, P.Eng., Exec. VP, Group Pres, Liquids Pipelines & Coastal GasLinkGavin WylieVice-Pres of Investor RelationsMr. Patrick M. KeysExec. VP, Gen. Counsel and Chief Compliance & Sustainability OfficerMs. Annesley WallaceExec. VP of Strategy, Corp. Devel. and Pres of Power & Energy SolutionsMr. Richard J. PriorPres of Liquids Pipelines.Ms. Tracy A. Robinson (Age 59)Exec. Advisor Ms. Dawn E. de LimaExec. Vice-Pres of Corp. ServicesMore ExecutivesKey CompetitorsKinder MorganNYSE:KMIWilliams CompaniesNYSE:WMBEnergy TransferNYSE:ETTarga ResourcesNYSE:TRGPEnterprise Products PartnersNYSE:EPDView All CompetitorsInstitutional OwnershipBarclays PLCSold 284,942 shares on 9/21/2023Ownership: 0.024%Mondrian Investment Partners LTDBought 2,058,240 shares on 9/20/2023Ownership: 0.637%Portside Wealth Group LLCBought 8,724 shares on 9/1/2023Ownership: 0.001%Alberta Investment Management CorpBought 310,567 shares on 8/24/2023Ownership: 0.441%Wolverine Trading LLCSold 3,600 shares on 8/23/2023Ownership: 0.000%View All Institutional Transactions 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 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 66.0% 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 9.7% and is now trading at $36.00. View the best growth stocks for 2023 here. Are investors shorting TC Energy? TC Energy saw a increase in short interest in 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 daily volume of 2,860,000 shares, the days-to-cover ratio is presently 10.5 days. Approximately 3.0% of the shares of the company 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 Wednesday, November 8th 2023. View our TRP earnings forecast. How were TC Energy's earnings last quarter? TC Energy Co. (NYSE:TRP) released its quarterly 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%. How often does TC Energy pay dividends? What is the dividend yield for TC Energy? TC Energy declared a quarterly dividend on Thursday, July 27th. Shareholders 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 7.80%. 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. 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 7.71%. 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." 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 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%). 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 $36.00. How much money does TC Energy make? TC Energy (NYSE:TRP) has a market capitalization of $37.35 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 9/27/2023 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. 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