TC Energy Stock Price, News & Analysis (NYSE:TRP) $38.01 -0.05 (-0.13%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$37.80▼$38.2350-Day Range$32.92▼$38.1352-Week Range$32.51▼$45.18Volume1.20 million shsAverage Volume2.42 million shsMarket Capitalization$39.43 billionP/E RatioN/ADividend Yield7.08%Price Target$56.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability TC Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.36 Rating ScoreUpside/Downside48.7% Upside$56.50 Price TargetShort InterestHealthy2.37% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-7.41Upright™ Environmental ScoreNews Sentiment1.02Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth-6.11%From $3.11 to $2.92 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.2.06 out of 5 starsOils/Energy Sector117th out of 188 stocksNatural Gas Transmission Industry5th out of 16 stocks 3.2 Analyst's Opinion Consensus RatingTC Energy has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 5 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.50, TC Energy has a forecasted upside of 48.7% from its current price of $38.01.Amount of Analyst CoverageTC Energy has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.37% 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 8.Change versus previous monthShort interest in TC Energy has recently decreased by 1.99%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipTC Energy is a leading dividend payer. It pays a dividend yield of 7.27%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTC Energy does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, TC Energy will have a dividend payout ratio of 92.12% 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 3.9 News and Social Media Coverage News SentimentTC Energy has a news sentiment score of 1.02. 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 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 12 news articles for TC Energy this week, compared to 6 articles on an average week.Search Interest41 people have searched for TRP on MarketBeat in the last 30 days. This is an increase of 128% compared to the previous 30 days.MarketBeat Follows7 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 75% 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 0.0 Earnings and Valuation Earnings GrowthEarnings for TC Energy are expected to decrease by -6.11% in the coming year, from $3.11 to $2.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TC Energy is -633.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of TC Energy is -633.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioTC Energy has a PEG Ratio of 3.04. 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 1.59. 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 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.Read More TRP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRP Stock News HeadlinesDecember 8, 2023 | finance.yahoo.comTC Energy (TRP) Up 5.8% Since Last Earnings Report: Can It Continue?December 8, 2023 | seekingalpha.comTC Energy: Preferreds Offer Big Yields With Large Premium Over DebtDecember 9, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.December 6, 2023 | americanbankingnews.comTC Energy Co. (NYSE:TRP) Receives Consensus Rating of "Hold" from BrokeragesDecember 6, 2023 | americanbankingnews.comBarclays Increases TC Energy (NYSE:TRP) Price Target to $51.00December 4, 2023 | realmoney.thestreet.comTC Energy price target raised to C$51 from C$50 at BarclaysDecember 4, 2023 | americanbankingnews.comFY2023 EPS Estimates for TC Energy Co. (NYSE:TRP) Boosted by National Bank FinancialDecember 3, 2023 | finance.yahoo.comWith 83% ownership, TC Energy Corporation (TSE:TRP) boasts of strong institutional backingDecember 9, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 30, 2023 | finance.yahoo.comTC Energy (TRP) Expects Strong Results, Boosts 2024 OutlookNovember 29, 2023 | msn.comTC Energy sees next year's core profit 5%-7% higher than 2023November 28, 2023 | msn.comCanada’s TC Energy forecasts higher adjusted core earnings in 2024November 28, 2023 | msn.comCanadian pipeline operator TC Energy forecasts higher 2024 earningsNovember 28, 2023 | finance.yahoo.comTC Energy updates growth outlook, reinforces balance sheet discipline and highlights South Bow spinoff benefits at 2023 Investor DayNovember 28, 2023 | finance.yahoo.comUPDATE 2-Canada's TC Energy forecasts higher adjusted core earnings in 2024November 28, 2023 | ca.finance.yahoo.comCanada's TC Energy forecasts higher adjusted core earnings in 2024November 23, 2023 | msn.com3 Energy Stocks to Turbo-Power Your TFSA for 2024November 20, 2023 | theglobeandmail.comMarket movers: Why TRP-T, FM-T, FNV-T and more stocks are seeing action on MondayNovember 20, 2023 | msn.comTC Energy receives FERC approval for Virginia Reliability ProjectNovember 10, 2023 | markets.businessinsider.comAnalysts’ Top NA Picks: Bloom Energy (BE), TC Energy (TRP)November 9, 2023 | finance.yahoo.comTC Energy Corporation (NYSE:TRP) Q3 2023 Earnings Call TranscriptNovember 9, 2023 | msn.comTC Energy looking at JVs in Mexico, Canada in divestment pushNovember 8, 2023 | msn.comTC Energy plans C$3B divestiture program including JVs to clean up financesNovember 8, 2023 | benzinga.comTC Energy Q3 Earnings Top Estimates, Appoints Board Chair, Revises Guidance & MoreNovember 8, 2023 | theglobeandmail.comPipeline operator TC Energy tops third-quarter profit estimates on high LNG demandNovember 8, 2023 | markets.businessinsider.comTC Energy appoints long-standing Board member, John E. Lowe as Chair of the BoardNovember 8, 2023 | markets.businessinsider.comTC Energy reports strong third quarter 2023 operating and financial results and achieves mechanical completion on Coastal GasLink ahead of targetSee 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 Company Calendar Ex-Dividend for 10/31 Dividend9/28/2023Dividend Payable10/31/2023Last Earnings11/08/2023Today12/09/2023Ex-Dividend for 1/31 Dividend12/28/2023Fiscal Year End12/31/2023Dividend Payable1/31/2024Next Earnings (Estimated)2/13/2024Get 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 Target$56.50 High Stock Price Target$70.00 Low Stock Price Target$47.00 Potential Upside/Downside+48.7%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.06) Trailing P/E RatioN/A Forward P/E Ratio12.22 P/E Growth3.04Net Income$575.36 million Net Margins0.10% Pretax Margin4.28% Return on Equity18.19% Return on Assets3.74% Debt Debt-to-Equity Ratio43.25 Current Ratio0.86 Quick Ratio0.75 Sales & Book Value Annual Sales$15.74 billion Price / Sales2.51 Cash Flow$5.29 per share Price / Cash Flow7.18 Book Value$23.89 per share Price / Book1.59Miscellaneous Outstanding Shares1,037,488,000Free FloatN/AMarket Cap$39.43 billion OptionableOptionable Beta0.83 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Francois Lionel Poirier (Age 57)CEO, President & Director Comp: $1.98MMr. Joel E. Hunter (Age 56)Executive VP & CFO Comp: $802.14kMr. Stanley Graham Chapman III (Age 57)Executive VP & COO of Natural Gas Pipelines Comp: $1.62MMr. Bevin Mark Wirzba M.B.A.P.Eng., Executive VP, Group President, Liquids Pipelines & Coastal GasLinkGavin WylieVice-President of Investor RelationsMr. Patrick M. KeysExecutive VP, General Counsel and Chief Compliance & Sustainability OfficerMs. Annesley WallaceExecutive VP of Strategy, Corporate Development and President of Power & Energy SolutionsMr. Richard J. PriorPresident of Liquids Pipelines.Ms. Dawn E. de LimaExecutive Vice-President of Corporate ServicesMr. Patrick C. MuttartSenior Vice President of External RelationsMore ExecutivesKey CompetitorsKinder MorganNYSE:KMIEnergy TransferNYSE:ETWilliams CompaniesNYSE:WMBEnterprise Products PartnersNYSE:EPDTarga ResourcesNYSE:TRGPView All CompetitorsInstitutional OwnershipCitigroup Inc.Bought 9,280 shares on 12/6/2023Ownership: 0.010%Wellington Management Group LLPSold 18,519,451 shares on 12/1/2023Ownership: 0.008%B. Riley Wealth Advisors Inc.Sold 964 shares on 12/1/2023Ownership: 0.001%American Century Companies Inc.Bought 77,040 shares on 11/30/2023Ownership: 0.020%Deutsche Bank AGSold 3,910,312 shares on 11/24/2023Ownership: 1.472%View All Institutional Transactions 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 Tuesday, November 28, 2023 at 10:06 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, which provides stability and potential for long-term growth. The company operates a network of 93,700 kilometers of natural gas pipelines, which allows for a reliable and efficient transportation of natural gas. TC Energy has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet, providing a valuable asset for the company. The company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts, diversifying its revenue streams. TC Energy has a strong track record, with a history dating back to 1951, and has recently undergone a name change to TC Energy Corporation, signaling a renewed focus on its core business. Cons Investors should be bearish about investing in TC Energy Co. for these reasons: TC Energy recently announced its intention to spin off its oil pipeline business and focus on transporting natural gas. This strategic shift may introduce uncertainties and potential risks. The company operates in the natural gas transmission industry, which is subject to regulatory changes and environmental concerns that could impact its operations and profitability. TC Energy's stock price is subject to market fluctuations and may be influenced by factors such as supply and demand dynamics, geopolitical events, and energy market trends. Investing in TC Energy Co. requires an understanding of financial terms such as natural gas transmission, regulated natural gas storage facilities, and power generation facilities, as these factors contribute to the company's performance and valuation. While TC Energy has a strong presence in North America, it may face competition from other energy infrastructure companies, which could impact its market share and profitability. 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 year. 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 brokerages have issued 1-year price targets for TC Energy's shares. Their TRP share price targets range from $47.00 to $70.00. On average, they predict the company's share price to reach $56.50 in the next twelve months. This suggests a possible upside of 48.7% 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 stock has decreased by 4.7% and is now trading at $38.0050. View the best growth stocks for 2023 here. Are investors shorting TC Energy? TC Energy saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 24,180,000 shares, a drop of 69.0% from the October 15th total of 78,020,000 shares. Based on an average trading volume of 2,970,000 shares, the short-interest ratio is currently 8.1 days. Currently, 2.4% 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 Tuesday, February 13th 2024. View our TRP earnings forecast. How were TC Energy's earnings last quarter? TC Energy Co. (NYSE:TRP) announced its quarterly earnings data on Wednesday, November, 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.04. The pipeline company had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.76 billion. TC Energy had a net margin of 0.10% and a trailing twelve-month return on equity of 18.19%. How often does TC Energy pay dividends? What is the dividend yield for TC Energy? TC Energy announced a quarterly dividend on Wednesday, November 8th. Stockholders of record on Friday, December 29th will be given a dividend of $0.67 per share on Wednesday, January 31st. This represents a $2.68 annualized dividend and a yield of 7.05%. The ex-dividend date is Thursday, December 28th. Read our dividend analysis for TRP. Is TC Energy a good dividend stock? TC Energy (NYSE:TRP) pays an annual dividend of $2.69 per share and currently has a dividend yield of 7.27%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 number of institutional and retail investors. Top institutional shareholders include Bank of Nova Scotia (2.46%), Canada Pension Plan Investment Board (2.37%), National Bank of Canada FI (1.93%), Mackenzie Financial Corp (1.69%), Healthcare of Ontario Pension Plan Trust Fund (1.59%) and Deutsche Bank AG (1.47%). 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. This page (NYSE:TRP) was last updated on 12/9/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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