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TC Energy - TRP Stock Forecast, Price & News

$41.30
-0.53 (-1.27%)
(As of 02/8/2023 05:19 PM ET)
Add
Compare
Today's Range
$41.20
$41.82
50-Day Range
$38.53
$44.48
52-Week Range
$38.35
$59.38
Volume
1.38 million shs
Average Volume
1.88 million shs
Market Capitalization
$42.04 billion
P/E Ratio
16.32
Dividend Yield
6.35%
Price Target
$65.38

TC Energy MarketRank™ Forecast

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
58.3% Upside
$65.38 Price Target
Short Interest
Healthy
3.36% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
0.44mentions of TC Energy in the last 14 days
Based on 40 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.31%
From $3.22 to $3.21 Per Share

Overall MarketRank

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

2.18 out of 5 stars

Oils/Energy Sector

134th out of 236 stocks

Natural Gas Transmission Industry

10th out of 18 stocks

TRP stock logo

About TC Energy (NYSE:TRP) Stock

TC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Storage, and Corporate. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments on crude oil pipeline systems. The Power and Storage segment consists of power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.

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TRP Stock News Headlines

My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
TC Energy (NYSE:TRP) Price Target Cut to C$64.00
Escape the Coming Wall Street Meltdown
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? Former Wall Street money manager, Louis Navellier, says all it takes is being on the right side of this force driving the massive divide.
TC Energy (NYSE:TRP) PT Lowered to C$66.00 at Scotiabank
TC Energy (NYSE:TRP) Upgraded to "Sector Outperform" by CIBC
Better High-Yield Midstream Buy: Enbridge Or TC Energy?
TC Energy advances after update of Keystone cleanup
U.S., Canada natgas output could hit growing pains in 2023
See More Headlines
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TRP Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 1/31 Dividend
12/29/2022
Dividend Payable
1/31/2023
Today
2/08/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

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
$65.38
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+58.3%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
8 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
28.98%

Debt

Sales & Book Value

Annual Sales
$10.68 billion
Cash Flow
$5.38 per share
Book Value
$24.33 per share

Miscellaneous

Outstanding Shares
1,017,960,000
Free Float
N/A
Market Cap
$42.04 billion
Optionable
Optionable
Beta
0.84

Social Links


Key Executives

  • Francois L. Poirier
    President, Chief Executive Officer & Director
  • Joel E. HunterJoel E. Hunter
    Chief Financial Officer & Executive Vice President
  • Leslie C. Kass
    Executive Vice President-Technical Centre
  • Patrick M Keys
    Executive Vice President & General Counsel
  • Stanley Graham Chapman
    President-US Natural Gas Pipelines & Executive VP













TRP Stock - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 3 sell ratings, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

8 equities research analysts have issued 1-year price targets for TC Energy's stock. Their TRP share price forecasts range from $53.00 to $78.00. On average, they expect the company's stock price to reach $65.38 in the next twelve months. This suggests a possible upside of 58.2% 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 at the beginning of 2023. Since then, TRP shares have increased by 3.7% and is now trading at $41.33.
View the best growth stocks for 2023 here
.

Are investors shorting TC Energy?

TC Energy saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 33,510,000 shares, a decline of 37.2% from the December 31st total of 53,320,000 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is currently 16.6 days. Currently, 3.4% 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 Tuesday, February 14th 2023.
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 Tuesday, February 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-669-9658 with passcode "9820".

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) issued its quarterly earnings data on Friday, November, 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The pipeline company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $3.51 billion. TC Energy had a trailing twelve-month return on equity of 13.98% and a net margin of 22.89%. During the same quarter last year, the company earned $0.71 EPS.

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

TC Energy announced a quarterly dividend on Wednesday, November 9th. Investors of record on Friday, December 30th will be given a dividend of $0.661 per share on Tuesday, January 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for TRP
.

Is TC Energy a good dividend stock?

TC Energy (NYSE:TRP) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.35%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 105.14%. 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 82.87% 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 a number of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc (1.45%), National Bank of Canada FI (1.35%), Swiss National Bank (0.42%), M&G Investment Management Ltd. (0.32%), Mondrian Investment Partners LTD (0.29%) and Sumitomo Mitsui Trust Holdings Inc. (0.26%).

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 $41.33.

How much money does TC Energy make?

TC Energy (NYSE:TRP) has a market capitalization of $42.07 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.

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 2/8/2023 by MarketBeat.com Staff