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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip
NYSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

$35.10
-0.09 (-0.26%)
(As of 04/17/2024 ET)
Today's Range
$34.97
$35.58
50-Day Range
$35.18
$40.84
52-Week Range
$32.51
$42.49
Volume
3.50 million shs
Average Volume
2.95 million shs
Market Capitalization
$35.10 billion
P/E Ratio
17.29
Dividend Yield
8.06%
Price Target
$48.83

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
39.1% Upside
$48.83 Price Target
Short Interest
Bearish
10.75% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
0.73mentions of TC Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.01%
From $2.99 to $3.08 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.

3.63 out of 5 stars

Oils/Energy Sector

81st out of 232 stocks

Natural Gas Transmission Industry

5th 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 93,600 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, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

TRP Stock Price History

TRP Stock News Headlines

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Very Good News For Energy Stocks
Stifel Nicolaus Reaffirms Their Buy Rating on TC Energy (TRP)
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See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Last Earnings
2/16/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
4/17/2024
Next Earnings (Estimated)
4/26/2024
Dividend Payable
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,415
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
+39.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$2.16 billion
Pretax Margin
25.17%

Debt

Sales & Book Value

Annual Sales
$15.93 billion
Cash Flow
$5.43 per share
Book Value
$27.05 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
N/A
Market Cap
$35.10 billion
Optionable
Optionable
Beta
0.75

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Key Executives

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

Pros

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

  • TC Energy reported earnings per share of $0.99 for the quarter, surpassing the consensus estimate by $0.20. This indicates strong financial performance and potential for growth.
  • The company had a net margin of 18.25% and a return on equity of 18.60%, showcasing solid profitability and efficient use of shareholder equity.
  • TC Energy increased its quarterly dividend to $0.714 per share, representing a dividend yield of 7.07%. A higher dividend payout can be attractive to income-seeking investors.
  • The stock's recent performance has been stable, with a twelve-month low of $32.51 and a high of $42.76. This stability may appeal to risk-averse investors.
  • Institutional investors have shown confidence in TC Energy, with significant stake increases by various wealth management firms, indicating positive sentiment towards the company's future prospects.

Cons

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

  • TC Energy's payout ratio is currently 138.42%, which suggests that the company is paying out more in dividends than it is earning. This high ratio may raise concerns about dividend sustainability.
  • The company's price-to-earnings ratio of 19.90 and a PEG ratio of 3.38 indicate that the stock may be relatively overvalued compared to its earnings growth potential. Investors seeking undervalued stocks may find this unattractive.
  • TC Energy's debt-to-equity ratio of 1.65 may be considered high, indicating a significant reliance on debt financing. High debt levels can pose risks, especially in economic downturns or rising interest rate environments.
  • The company's quick ratio of 0.88 suggests a relatively lower ability to cover immediate liabilities with its most liquid assets. This liquidity metric may raise concerns about short-term financial health.
  • While the company has shown strong financial performance, investors should consider potential regulatory risks in the energy sector and any impact on TC Energy's operations and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these TC Energy pros and cons to contact@marketbeat.com.

TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 1 sell rating, 6 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?

12 equities research analysts have issued twelve-month target prices for TC Energy's shares. Their TRP share price targets range from $32.00 to $55.00. On average, they predict the company's share price to reach $48.83 in the next year. This suggests a possible upside of 39.1% 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 beginning of the year. Since then, TRP shares have decreased by 10.2% and is now trading at $35.10.
View the best growth stocks for 2024 here
.

Are investors shorting TC Energy?

TC Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 111,810,000 shares, an increase of 144.9% from the March 15th total of 45,650,000 shares. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is presently 40.4 days. Approximately 10.8% of the shares of the company 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 Friday, April 26th 2024.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) posted its quarterly earnings results on Friday, February, 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. The pipeline company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.93 billion. TC Energy had a trailing twelve-month return on equity of 18.60% and a net margin of 18.25%.

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

TC Energy declared a quarterly dividend on Friday, February 16th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.714 per share on Tuesday, April 30th. This represents a $2.86 annualized dividend and a dividend yield of 8.14%. The ex-dividend date is Wednesday, March 27th. This is a positive change 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 $2.83 per share and currently has a dividend yield of 7.85%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 139.41%. 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 91.88% 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).

Who are TC Energy's major shareholders?

TC Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Cardinal Capital Management Inc. (0.25%), Addenda Capital Inc. (0.11%), Nexus Investment Management ULC (0.06%), Hennessy Advisors Inc. (0.06%), Miller Howard Investments Inc. NY (0.05%) and Ausbil Investment Management Ltd (0.02%).

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

This page (NYSE:TRP) was last updated on 4/17/2024 by MarketBeat.com Staff

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