TC Energy - TRP Stock Forecast, Price & News

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.

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our TRP earnings forecast.

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.

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.

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.

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.

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 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%).

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

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.

The company employs 7,017 workers across the globe.

TC Energy was founded in 1951.

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.