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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Wall Street is keeping these stocks a Secret from You.. (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Wall Street is keeping these stocks a Secret from You.. (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Wall Street is keeping these stocks a Secret from You.. (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)

TC Energy - TRP Stock Forecast, Price & News

$50.57
+0.30 (+0.60%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$50.01
$50.75
50-Day Range
$48.68
$58.78
52-Week Range
$44.77
$59.38
Volume
1.22 million shs
Average Volume
1.87 million shs
Market Capitalization
$51.17 billion
P/E Ratio
19.99
Dividend Yield
5.55%
Price Target
$68.77

TC Energy MarketRank™ Forecast

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
36.0% Upside
$68.77 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.57
Upright™ Environmental Score
News Sentiment
0.31mentions of TC Energy in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.26%
From $3.29 to $3.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Oils/Energy Sector

117th out of 257 stocks

Natural Gas Transmission Industry

8th out of 19 stocks

TRP stock logo

About TC Energy (NYSE:TRP) Stock

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 Storage. The company builds and operates 93,300 km network 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 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. 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.

Wall Street Analysts Forecast Growth

TRP has been the topic of several research reports. BMO Capital Markets lowered their price objective on shares of TC Energy from C$76.00 to C$72.00 in a report on Thursday, August 11th. TD Securities upped their price objective on shares of TC Energy from C$75.00 to C$76.00 in a report on Thursday, August 11th. Royal Bank of Canada lowered their price objective on shares of TC Energy from C$79.00 to C$78.00 in a report on Tuesday, August 2nd. CIBC upgraded shares of TC Energy from a "neutral" rating to a "sector outperform" rating in a report on Thursday, May 12th. Finally, US Capital Advisors reiterated a "hold" rating on shares of TC Energy in a report on Wednesday, June 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $68.77.

TC Energy Stock Performance

NYSE:TRP traded up $0.06 on Tuesday, reaching $50.33. 13,607 shares of the company's stock were exchanged, compared to its average volume of 2,027,577. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.64 and a quick ratio of 0.57. The firm has a market cap of $50.93 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 3.88 and a beta of 0.71. TC Energy has a 52 week low of $44.77 and a 52 week high of $59.38. The stock has a fifty day simple moving average of $52.39 and a 200-day simple moving average of $54.29.

TC Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a dividend of $0.699 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.80 dividend on an annualized basis and a yield of 5.56%. TC Energy's dividend payout ratio is presently 110.28%.

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TRP Stock News Headlines

TC Energy (NYSE:TRP) PT Raised to C$76.00 at TD Securities
TC Energy Sees Unusually High Options Volume (NYSE:TRP)
TC Energy Corp. completes public offering of common shares
3 of the Best Dividend Stocks to Buy for August
Tc Energy Corp stock dipped on Friday.
Scotiabank Trims TC Energy (NYSE:TRP) Target Price to C$76.00
TC Energy Corp - Stock Executive TRP
See More Headlines
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TRP Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 7/29 Dividend
6/29/2022
Dividend Payable
7/29/2022
Today
8/16/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,017
Year Founded
1951

Price Target and Rating

Average Stock Price Forecast
$68.77
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+36.0%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
29.84%

Debt

Sales & Book Value

Annual Sales
$10.68 billion
Cash Flow
$5.40 per share
Book Value
$24.33 per share

Miscellaneous

Outstanding Shares
1,011,932,000
Free Float
N/A
Market Cap
$51.17 billion
Optionable
Optionable
Beta
0.71

Social Links


Key Executives

  • Mr. Francois Lionel Poirier (Age 56)
    CEO, Pres & Director
    Comp: $1.69M
  • Mr. Joel E. Hunter (Age 55)
    Exec. VP & CFO
    Comp: $640.03k
  • Mr. Bevin Mark Wirzba M.B.A.
    MBA, P.Eng., EVP of Strategy & Corp. Dev. and Group Exec. of Canadian Natural Gas & Liquids Pipelines
  • Mr. Stanley Graham Chapman III (Age 56)
    Exec. VP and Pres of U.S. & Mexico Natural Gas Pipelines
    Comp: $1.2M
  • Ms. Tracy A. Robinson (Age 58)
    Exec. Advisor
    Comp: $948.42k
  • Mr. Jawad A. Masud
    Sr. Vice-Pres of Technical Centre
  • Gavin Wylie
    Vice-Pres of Investor Relations
  • Mr. Patrick M. Keys
    Exec. VP, Gen. Counsel and Chief Compliance & Sustainability Officer
  • Mr. Richard J. Prior
    Pres of Liquids Pipelines.
  • Mr. Shawn L. Patterson (Age 48)
    Sr. VP of Operations - U.S. Natural Gas Pipelines













TRP Stock - 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 3 sell ratings, 5 hold ratings and 4 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 forecast for 2022?

12 equities research analysts have issued 12-month price objectives for TC Energy's stock. Their TRP share price forecasts range from $45.00 to $78.00. On average, they anticipate the company's stock price to reach $68.77 in the next year. This suggests a possible upside of 36.0% 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 2022?

TC Energy's stock was trading at $46.54 on January 1st, 2022. Since then, TRP shares have increased by 8.7% and is now trading at $50.57.
View the best growth stocks for 2022 here
.

Are investors shorting TC Energy?

TC Energy saw a drop in short interest in July. As of July 15th, there was short interest totaling 38,320,000 shares, a drop of 30.7% from the June 30th total of 55,260,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is currently 21.8 days. Approximately 3.9% of the company's 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 Friday, November 4th 2022.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) issued its quarterly earnings results on Friday, November, 5th. The pipeline company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The pipeline company earned $2.57 billion during the quarter, compared to analyst estimates of $3.51 billion. TC Energy had a net margin of 23.44% and a trailing twelve-month return on equity of 14.19%. During the same quarter in the prior year, the company posted $0.71 earnings per share.

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

TC Energy announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, September 30th will be given a dividend of $0.699 per share on Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for TRP
.

Is TC Energy a good dividend stock?

TC Energy (NYSE:TRP) pays an annual dividend of $2.79 per share and currently has a dividend yield of 5.55%. 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 110.28%. 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 81.34% 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).

What is TC Energy's stock symbol?

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

Who are TC Energy's major shareholders?

TC Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Deutsche Bank AG (2.23%), Bank of Nova Scotia (1.99%), Price T Rowe Associates Inc. MD (1.85%), Mackenzie Financial Corp (1.70%), TD Asset Management Inc. (1.49%) and JPMorgan Chase & Co. (1.04%).

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.

What is TC Energy's stock price today?

One share of TRP stock can currently be purchased for approximately $50.57.

How much money does TC Energy make?

TC Energy (NYSE:TRP) has a market capitalization of $51.17 billion and generates $10.68 billion in revenue each year. The pipeline company earns $1.56 billion in net income (profit) each year or $2.53 on an earnings per share basis.

How many employees does TC Energy have?

The company employs 7,017 workers across the globe.

When was TC Energy founded?

TC Energy was founded in 1951.

How can I contact TC Energy?

TC Energy's mailing address is 450 - 1ST STREET S.W., CALGARY A0, T2P 5H1. The official website for the company is www.transcanada.com. The pipeline company can be reached via phone at (403) 920-2000, via email at investor_relations@transcanada.com, or via fax at 1403-920-2200.

This page (NYSE:TRP) was last updated on 8/17/2022 by MarketBeat.com Staff

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