TC Energy Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TC Energy stock.
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Wall Street analysts have given TC Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TC Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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TC Energy saw a drop in short interest in July. As of July 15th, there was short interest totaling 4,820,000 shares, a drop of 63.4% from the June 30th total of 13,160,000 shares. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is currently 3.3 days. Approximately 0.5% of the shares of the company are sold short.
View TC Energy's Short Interest.

TC Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for TC Energy.

TC Energy Co. (NYSE:TRP) posted its earnings results on Friday, May, 7th. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.02. The pipeline company earned $2.59 billion during the quarter. TC Energy had a trailing twelve-month return on equity of 15.06% and a net margin of 16.25%.
View TC Energy's earnings history.

TC Energy's stock was trading at $45.92 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TRP shares have increased by 6.1% and is now trading at $48.73.
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TC Energy announced a quarterly dividend on Friday, July 30th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.6917 per share on Friday, October 29th. This represents a $2.77 annualized dividend and a yield of 5.68%. The ex-dividend date is Wednesday, September 29th.
View TC Energy's dividend history.

TC Energy pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.52%. TC Energy does not yet have a strong track record of dividend growth. The dividend payout ratio of TC Energy is 39.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TC Energy will have a dividend payout ratio of 35.73% next year. This indicates that TC Energy will be able to sustain or increase its dividend.
View TC Energy's dividend history.

13 analysts have issued 1-year price objectives for TC Energy's shares. Their forecasts range from $49.00 to $76.00. On average, they expect TC Energy's share price to reach $68.08 in the next twelve months. This suggests a possible upside of 39.7% from the stock's current price.
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221 employees have rated TC Energy CEO Russell K. (Russ) Girling on Glassdoor.com. Russell K. (Russ) Girling has an approval rating of 97% among TC Energy's employees. This puts Russell K. (Russ) Girling in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to TC Energy include Enterprise Products Partners (EPD), National Grid (NGG), Kinder Morgan (KMI), The Williams Companies (WMB), Energy Transfer (ET), Targa Resources (TRGP), Western Midstream Partners (WES), DCP Midstream (DCP), Antero Midstream (AM), DT Midstream (DTM), Enable Midstream Partners (ENBL), Equitrans Midstream (ETRN), EnLink Midstream (ENLC), Rattler Midstream (RTLR) and USA Compression Partners (USAC).
View all of TRP's competitors.

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).

TC Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRP."

TC Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.21%), Letko Brosseau & Associates Inc. (0.20%), Addenda Capital Inc. (0.09%), QV Investors Inc. (0.08%), Nexus Investment Management ULC (0.05%) and Chickasaw Capital Management LLC (0.02%).

TRP stock was sold by a variety of institutional investors in the last quarter, including QV Investors Inc., Addenda Capital Inc., Letko Brosseau & Associates Inc., Chickasaw Capital Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , Hillsdale Investment Management Inc., Viking Fund Management LLC, and Alliancebernstein L.P..

TRP stock was purchased by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., DAVENPORT & Co LLC, Argyle Capital Management Inc., Procyon Private Wealth Partners LLC, Birch Capital Management LLC, Bell Bank, Harbor Investment Advisory LLC, and Arden Trust Co.

Shares of TRP 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.
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One share of TRP stock can currently be purchased for approximately $48.73.

TC Energy has a market capitalization of $47.72 billion and generates $9.70 billion in revenue each year. The pipeline company earns $3.45 billion in net income (profit) each year or $3.14 on an earnings per share basis.

TC Energy employs 7,283 workers across the globe.

TC Energy was founded in 1951.

The official website for TC Energy is www.transcanada.com.

TC Energy is headquartered at 450 - 1ST STREET S.W., CALGARY A0, T2P 5H1.

TC Energy's mailing address is 450 - 1ST STREET S.W., CALGARY A0, T2P 5H1. The pipeline company can be reached via phone at (403) 920-2000 or via email at [email protected]