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Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Critical asset just had biggest fall on record (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
66,000% upside on tiny biotech? (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Critical asset just had biggest fall on record (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
66,000% upside on tiny biotech? (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Critical asset just had biggest fall on record (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
66,000% upside on tiny biotech? (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
NYSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

$39.76
-0.11 (-0.28%)
(As of 02/23/2024 ET)
Today's Range
$39.53
$39.94
50-Day Range
$37.45
$40.43
52-Week Range
$32.51
$42.76
Volume
1.29 million shs
Average Volume
2.26 million shs
Market Capitalization
$39.76 billion
P/E Ratio
19.59
Dividend Yield
7.07%
Price Target
$48.83

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
22.8% Upside
$48.83 Price Target
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
0.68mentions of TC Energy in the last 14 days
Based on 30 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.03%
From $2.98 to $3.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.78 out of 5 stars

Oils/Energy Sector

84th out of 242 stocks

Natural Gas Transmission Industry

4th out of 19 stocks


TRP stock logo

About TC Energy Stock (NYSE:TRP)

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 Stock Price History

TRP Stock News Headlines

TC Energy Sees Unusually High Options Volume (NYSE:TRP)
Gold is SOARING – here's what you need to do
Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $5.
TC Energy price target raised by C$1 at TD Securities
TC Energy stock gets price target boosts from RBC, CIBC
Gold is SOARING – here's what you need to do
Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $5.
TC Energy Full Year 2023 Earnings: EPS Misses Expectations
FY2023 EPS Estimates for TC Energy Co. Cut by Analyst (NYSE:TRP)
TC Energy: Massive Q4 Beat And 3% Dividend Increase
TC Energy files 2023 annual disclosure documents
TC Energy files 2023 annual disclosure documents
TC Energy declares quarterly dividends
See More Headlines
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Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Today
2/25/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,477
Year Founded
1951

Price Target and Rating

Average Stock Price Target
$48.83
High Stock Price Target
$55.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+22.8%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$2.16 billion
Pretax Margin
25.17%

Debt

Sales & Book Value

Annual Sales
$11.80 billion
Cash Flow
$5.58 per share
Book Value
$27.05 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
N/A
Market Cap
$39.76 billion
Optionable
Optionable
Beta
0.76

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Key Executives

Should I Buy TC Energy Stock? TRP Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of TC Energy was last updated on Friday, February 16, 2024 at 11:54 AM.

Pros

Here are some ways that investors could benefit from investing in TC Energy Co.:

  • TC Energy Corporation operates as an energy infrastructure company in North America.
  • It operates through five segments: Canadian Natural Gas Pipeline, U.S. Natural Gas Pipeline, Mexico Natural Gas Pipeline, Liquids Pipelines, and Power and Storage.
  • TC Energy Corporation has a long history, being incorporated in 1951.
  • It is headquartered in Calgary, Canada.
  • TC Energy Corporation has a strong presence in the energy sector and is well-positioned for growth.

Cons

Investors should be bearish about investing in TC Energy Co. for these reasons:

  • TC Energy Corporation operates in a highly regulated industry, which can pose challenges and uncertainties.
  • The company's financial performance may be affected by fluctuations in commodity prices.
  • TC Energy Corporation faces competition from other energy infrastructure companies.
  • There may be potential environmental and social risks associated with the company's operations.
  • Investors should carefully consider the current stock price and market conditions before making investment decisions.














TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TRP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRP, but not buy additional shares or sell existing shares.
View TRP analyst ratings
or view top-rated stocks.

What is TC Energy's stock price target for 2024?

11 equities research analysts have issued 12-month target prices for TC Energy's shares. Their TRP share price targets range from $32.00 to $55.00. On average, they anticipate the company's share price to reach $48.83 in the next year. This suggests a possible upside of 22.8% 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 2024?

TC Energy's stock was trading at $39.09 at the start of the year. Since then, TRP stock has increased by 1.7% and is now trading at $39.76.
View the best growth stocks for 2024 here
.

Are investors shorting TC Energy?

TC Energy saw a decrease in short interest in January. As of January 31st, there was short interest totaling 18,400,000 shares, a decrease of 59.4% from the January 15th total of 45,370,000 shares. Based on an average trading volume of 2,410,000 shares, the short-interest ratio is currently 7.6 days. Approximately 1.8% 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 Friday, April 26th 2024.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) issued its quarterly earnings results on Friday, November, 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The pipeline company earned $2.57 billion during the quarter, compared to analysts' expectations of $3.51 billion. TC Energy had a trailing twelve-month return on equity of 18.60% and a net margin of 18.25%. During the same quarter last year, the firm earned $0.71 EPS.

How often does TC Energy pay dividends? What is the dividend yield for TC Energy?

TC Energy announced a quarterly dividend on Friday, February 16th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.714 per share on Tuesday, April 30th. This represents a $2.86 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.67.
Read our dividend analysis for TRP
.

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 7.07%. 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 138.42%. 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 90.65% 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 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.

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).

Who are TC Energy's major shareholders?

TC Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital Research Global Investors (5.57%), Capital International Investors (5.52%), Vanguard Group Inc. (4.04%), Capital World Investors (3.74%), Bank of Nova Scotia (2.90%) and 1832 Asset Management L.P. (1.98%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TRP) was last updated on 2/25/2024 by MarketBeat.com Staff