TC Energy - TRP Stock Forecast, Price & News

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.

8 brokerages have issued 1-year target prices for TC Energy's shares. Their TRP share price forecasts range from $53.00 to $78.00. On average, they predict the company's share price to reach $64.86 in the next year. This suggests a possible upside of 71.2% from the stock's current price.
View analysts price targets for TRP or view top-rated stocks among Wall Street analysts.

TC Energy's stock was trading at $39.86 at the start of the year. Since then, TRP shares have decreased by 5.0% and is now trading at $37.88.
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TC Energy saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 20,430,000 shares, an increase of 55.1% from the February 13th total of 13,170,000 shares. Based on an average trading volume of 2,070,000 shares, the short-interest ratio is presently 9.9 days. Currently, 2.1% of the company's stock are sold short.
View TC Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our TRP earnings forecast.

TC Energy Co. (NYSE:TRP) issued its earnings results on Friday, November, 5th. The pipeline company reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. The pipeline company earned $2.57 billion during the quarter, compared to the consensus estimate of $3.51 billion. TC Energy had a trailing twelve-month return on equity of 13.92% and a net margin of 5.57%. During the same period in the prior year, the business posted $0.71 EPS.

TC Energy announced a quarterly dividend on Tuesday, February 14th. Investors of record on Friday, March 31st will be given a dividend of $0.699 per share on Friday, April 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for TRP.

ETFs with the largest weight of TC Energy (NYSE:TRP) stock in their portfolio include Dimensional International Core Equity Market ETF (DFAI).iShares MSCI Frontier and Select EM ETF (FM).

TC Energy (NYSE:TRP) pays an annual dividend of $2.66 per share and currently has a dividend yield of 7.02%. 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 458.62%. 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 88.67% 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 investors include Bank of Nova Scotia (2.24%), Deutsche Bank AG (2.09%), Price T Rowe Associates Inc. MD (1.82%), Mackenzie Financial Corp (1.68%), 1832 Asset Management L.P. (1.45%) and TD Asset Management Inc (1.45%).

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 $37.88.

TC Energy (NYSE:TRP) has a market capitalization of $38.74 billion and generates $11.52 billion in revenue each year. The pipeline company earns $575.36 million in net income (profit) each year or $0.58 on an earnings per share basis.

The company employs 7,477 workers across the globe.

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.