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DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
NYSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

$35.70
+0.41 (+1.16%)
(As of 04/19/2024 ET)
Today's Range
$35.30
$36.01
50-Day Range
$35.10
$40.84
52-Week Range
$32.51
$42.49
Volume
7.35 million shs
Average Volume
4.55 million shs
Market Capitalization
$35.70 billion
P/E Ratio
17.59
Dividend Yield
7.93%
Price Target
$48.83

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
36.8% 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
0.86mentions of TC Energy in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.68%
From $2.98 to $3.06 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.

3.42 out of 5 stars

Oils/Energy Sector

103rd out of 234 stocks

Natural Gas Transmission Industry

5th out of 18 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

TC Energy Sees Unusually Large Options Volume (NYSE:TRP)
BUY ALERT: Billionaires piling into this asset class
Legendary investor Warren Buffett has poured over $500 million into gold! It's a BIG move by one of the world's most cautious investors.
BUY ALERT: Billionaires piling into this asset class
Legendary investor Warren Buffett has poured over $500 million into gold! It's a BIG move by one of the world's most cautious investors.
Very Good News For Energy Stocks
Stifel Nicolaus Reaffirms Their Buy Rating on TC Energy (TRP)
6 Bargain Dividend Stocks To Buy
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
4/21/2024
Dividend Payable
4/30/2024
Next Earnings (Confirmed)
5/03/2024
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
+36.8%
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
$11.80 billion
Cash Flow
$5.57 per share
Book Value
$27.05 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
N/A
Market Cap
$35.70 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 equities research 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 equities research 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 Wall Street research analysts have issued 1 year price objectives for TC Energy's shares. Their TRP share price targets range from $32.00 to $55.00. On average, they predict the company's stock price to reach $48.83 in the next twelve months. This suggests a possible upside of 36.8% 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 beginning of 2024. Since then, TRP shares have decreased by 8.7% and is now trading at $35.70.
View the best growth stocks for 2024 here
.

Are investors shorting TC Energy?

TC Energy saw a increase in short interest in 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 trading volume, of 2,770,000 shares, the short-interest ratio is currently 40.4 days. Approximately 10.8% of the company's 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 Friday, May 3rd 2024.
View our TRP earnings forecast
.

How can I listen to TC Energy's earnings call?

TC Energy will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 604-674-8052 with passcode "0831".

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) announced its earnings results on Friday, February, 16th. The pipeline company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.20. The pipeline company earned $3.11 billion during the quarter, compared to the consensus estimate 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 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 dividend on an annualized basis and a dividend yield of 8.00%. 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 $2.83 per share and currently has a dividend yield of 7.94%. 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 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 92.48% 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 variety of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Maryland State Retirement & Pension System (0.13%), Addenda Capital Inc. (0.11%), Nexus Investment Management ULC (0.06%) and Hennessy Advisors Inc. (0.06%).

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 4/21/2024 by MarketBeat.com Staff

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