NYSE:TRP

TC Energy (TRP) Stock Forecast, Price & News

$33.30

-0.10 (-0.30%)

(As of 02:16 PM ET)

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Today's Range: $32.91
▼
$33.34
50-Day Range: $33.45
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$37.47
52-Week Range: $32.91
▼
$49.51

Volume: 1.79 million shs
Average Volume: 2.34 million shs
Market Capitalization: $34.55 billion

P/E Ratio: 46.25
Dividend Yield: 8.44%
Price Target: $59.78

TC Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 80.4% Upside
$59.78 Price Target
Short Interest: Bearish
4.79% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -7.41
Upright™ Environmental Score
News Sentiment: 1.12
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -5.33%
From $3.19 to $3.02 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Oils/Energy Sector

136th out of 245 stocks

Natural Gas Transmission Industry

11th out of 18 stocks

4.3

Analyst's Opinion

Consensus Rating
TC 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/Downside
According to analysts' consensus price target of $59.78, TC Energy has a forecasted upside of 80.4% from its current price of $33.13.
Amount of Analyst Coverage
TC Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
4.79% of the float of TC Energy has been sold short.
Short Interest Ratio / Days to Cover
TC Energy has a short interest ratio ("days to cover") of 16, which indicates bearish sentiment.
Change versus previous month
Short interest in TC Energy has recently increased by 59.69%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
TC Energy is a leading dividend payer. It pays a dividend yield of 8.16%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TC Energy has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of TC Energy is 390.28%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based 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.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
TC 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 Sustainability
The Environmental Impact score for TC Energy is -7.41.

2.8

News and Social Media Coverage

News Sentiment
TC Energy has a news sentiment score of 1.12. 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 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for TC Energy this week, compared to 6 articles on an average week.
Search Interest
Only 40 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
16 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 129% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TC Energy insiders have not sold or bought any company stock.
Percentage Held by Institutions
73.67% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of TC Energy is 46.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of TC Energy is 46.01, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.73.
Price to Earnings Growth Ratio
TC Energy has a PEG Ratio of 2.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
TC Energy has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TC Energy (NYSE:TRP) Stock

TC 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.

TRP Price History

30 days | 90 days | 365 days | Advanced Chart

TRP Stock News Headlines

September 29, 2023 | ca.finance.yahoo.com

Coastal GasLink pipeline project 98 per cent complete

September 29, 2023 | theglobeandmail.com

Coastal GasLink pipeline project 98% complete, TC Energy says

October 3, 2023 | Behind the Markets (Ad)

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September 26, 2023 | msn.com

Should Investors Buy TC Energy Stock for its 7.6% Dividend Yield?

September 21, 2023 | msn.com

TC Energy's Coastal GasLink pipeline fined for environmental non-compliance

September 21, 2023 | seekingalpha.com

TRP:CA TC Energy Corporation

September 19, 2023 | finance.yahoo.com

TC Energy (TRP) Completes Bruce Power's Unit 6 MCR in Ontario

September 15, 2023 | msn.com

3 Pipeline Stocks That Are Screaming Buys in September

October 3, 2023 | Behind the Markets (Ad)

[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"

September 15, 2023 | msn.com

Earn Passive Income in 2023 With This 7.6%-Yielding Dividend Stock

September 14, 2023 | msn.com

2 Energy Stocks With a 7% Yield: Buy Both, Just 1, or Pass?

September 11, 2023 | ca.finance.yahoo.com

Should You Buy Telus Stock or TC Energy for Dividend Income?

September 8, 2023 | markets.businessinsider.com

Where TC Energy Stands With Analysts

September 4, 2023 | msn.com

3 Reasons Why TC Energy Is A Better Buy Than Energy Transfer

September 2, 2023 | investing.com

TC Energy Corp Pref Series 2 (TRP_pf)

August 29, 2023 | msn.com

Should You Buy TC Energy Stock for its +7% Dividend Yield?

August 24, 2023 | msn.com

TC Energy seeking sale of Nova Gas system stake to indigenous groups

August 24, 2023 | ca.finance.yahoo.com

TC Energy seeks approval for potential minority interest sale of NGTL system

August 24, 2023 | bloomberg.com

TC Energy Eyes Sale of Gas System Stake to Indigenous Groups

August 22, 2023 | msn.com

This 7.6% Dividend Stock Is My Pick for Super Income in 2023

August 20, 2023 | msn.com

Build Your Nest Egg: 5 Top Dividend Stocks for Canadian Investors

August 9, 2023 | msn.com

TC Energy’s Spinoff: What Should Investors Do?

August 3, 2023 | theglobeandmail.com

Closing Bell: Tc Energy Corp up on Wednesday (TRP)

August 3, 2023 | msn.com

It's The Best Time In 23 Years To Buy 8% Yielding TC Energy

August 3, 2023 | finance.yahoo.com

Insider Spends CA$1.8m Buying More Shares In TC Energy

August 2, 2023 | msn.com

TC Energy Stock: Buy, Sell, or Hold?

August 2, 2023 | baystreet.ca

TC Energy and AT&T Yields Soar: Which is a Buy?

See More Headlines

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TRP Company Calendar

Ex-Dividend for 7/31 Dividend: 6/29/2023
Last Earnings: 7/27/2023
Dividend Payable: 7/31/2023
Ex-Dividend for 10/31 Dividend: 9/28/2023
Today: 10/03/2023
Dividend Payable: 10/31/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Natural gas transmission
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:TRP
CUSIP: N/A
CIK: 1232384
Web: www.transcanada.com
Phone: (403) 920-2000
Fax: 1403-920-2200
Employees: 7,477
Year Founded: 1951

Price Target and Rating

Average Stock Price Forecast: $59.78
High Stock Price Forecast: $75.00
Low Stock Price Forecast: $47.00
Forecasted Upside/Downside: +78.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.72
Trailing P/E Ratio: 46.46
Forward P/E Ratio: 10.49
P/E Growth: 2.69
Net Income: $575.36 million
Net Margins: 6.89%
Pretax Margin: 11.06%
Return on Equity: 13.80%
Return on Assets: 3.81%

Debt

Debt-to-Equity Ratio: 1.78
Current Ratio: 0.61
Quick Ratio: 0.52

Sales & Book Value

Annual Sales: $11.52 billion
Price / Sales: 3.01
Cash Flow: $5.12 per share
Price / Cash Flow: 6.53
Book Value: $23.89 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 1,037,490,000
Free Float: N/A
Market Cap: $34.70 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. Francois Lionel Poirier (Age 57)
CEO, Pres & Director
Comp: $1.98M

Mr. Joel E. Hunter (Age 56)
Exec. VP & CFO
Comp: $803.26k

Mr. Stanley Graham Chapman III (Age 57)
Exec. VP & COO of Natural Gas Pipelines
Comp: $1.62M

Mr. Bevin Mark Wirzba M.B.A.
MBA, P.Eng., Exec. VP, Group Pres, Liquids Pipelines & Coastal GasLink

Gavin Wylie
Vice-Pres of Investor Relations

Mr. Patrick M. Keys
Exec. VP, Gen. Counsel and Chief Compliance & Sustainability Officer

Ms. Annesley Wallace
Exec. VP of Strategy, Corp. Devel. and Pres of Power & Energy Solutions

Mr. Richard J. Prior
Pres of Liquids Pipelines.

Ms. Tracy A. Robinson (Age 59)
Exec. Advisor

Ms. Dawn E. de Lima
Exec. Vice-Pres of Corp. Services

Key Competitors

View All Competitors

Institutional Ownership

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 objectives for TC Energy's shares. Their TRP share price forecasts range from $47.00 to $75.00. On average, they expect the company's share price to reach $59.78 in the next year. This suggests a possible upside of 78.7% 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 16.1% and is now trading at $33.45.
View the best growth stocks for 2023 here.
Are investors shorting TC Energy?: TC Energy saw a increase in short interest during 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 trading volume of 2,860,000 shares, the days-to-cover ratio is currently 10.5 days. Currently, 3.0% of the shares of the stock are sold short.
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 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 analyst estimates 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 announced a quarterly dividend on Thursday, July 27th. Investors 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 8.39%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase 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 8.16%. 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."
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 $33.45.
How much money does TC Energy make?: TC Energy (NYSE:TRP) has a market capitalization of $34.70 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 10/3/2023 by MarketBeat.com Staff

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