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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
Recent Reports Are A Wake-Up Call For Investors (Ad)
How does the Consumer Price Index affect the stock market?
3 reasons to buy AMD before 2024
Recent Reports Are A Wake-Up Call For Investors (Ad)
Generative AI boosts UiPath; analysts see triple-digit EPS growth
3 biotech powerhouses poised to thrive amid sector rebound
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
Recent Reports Are A Wake-Up Call For Investors (Ad)
How does the Consumer Price Index affect the stock market?
3 reasons to buy AMD before 2024
Recent Reports Are A Wake-Up Call For Investors (Ad)
Generative AI boosts UiPath; analysts see triple-digit EPS growth
3 biotech powerhouses poised to thrive amid sector rebound
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
Recent Reports Are A Wake-Up Call For Investors (Ad)
How does the Consumer Price Index affect the stock market?
3 reasons to buy AMD before 2024
Recent Reports Are A Wake-Up Call For Investors (Ad)
Generative AI boosts UiPath; analysts see triple-digit EPS growth
3 biotech powerhouses poised to thrive amid sector rebound
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 

TC Energy Stock Price, News & Analysis (NYSE:TRP)

$38.01
-0.05 (-0.13%)
(As of 12/8/2023 ET)
Compare
Today's Range
$37.80
$38.23
50-Day Range
$32.92
$38.13
52-Week Range
$32.51
$45.18
Volume
1.20 million shs
Average Volume
2.42 million shs
Market Capitalization
$39.43 billion
P/E Ratio
N/A
Dividend Yield
7.08%
Price Target
$56.50

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
48.7% Upside
$56.50 Price Target
Short Interest
Healthy
2.37% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
1.02mentions of TC Energy in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.11%
From $3.11 to $2.92 Per Share

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 stars

Oils/Energy Sector

117th out of 188 stocks

Natural Gas Transmission Industry

5th out of 16 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

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.
Barclays Increases TC Energy (NYSE:TRP) Price Target to $51.00
TC Energy price target raised to C$51 from C$50 at Barclays
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.
Analysts’ Top NA Picks: Bloom Energy (BE), TC Energy (TRP)
See More Headlines
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Company Calendar

Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Last Earnings
11/08/2023
Today
12/09/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/31/2024
Next Earnings (Estimated)
2/13/2024

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
$56.50
High Stock Price Target
$70.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+48.7%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$575.36 million
Pretax Margin
4.28%

Debt

Sales & Book Value

Annual Sales
$15.74 billion
Cash Flow
$5.29 per share
Book Value
$23.89 per share

Miscellaneous

Outstanding Shares
1,037,488,000
Free Float
N/A
Market Cap
$39.43 billion
Optionable
Optionable
Beta
0.83

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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 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

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