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NYSE:TRP

Tc Pipelines Stock Forecast, Price & News

$45.85
+0.29 (+0.64 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$45.18
Now: $45.85▼
$45.93
50-Day Range
$45.03
MA: $47.29▼
$49.55
52-Week Range
$32.37
Now: $45.85▼
$57.92
Volume1.98 million shs
Average Volume1.87 million shs
Market Capitalization$43.10 billion
P/E Ratio13.53
Dividend Yield5.05%
Beta0.67
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses. It owns and operates wholly-owned natural gas pipelines of 81,500 kilometers and partially-owned natural gas pipelines of 11,100 kilometers; and regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. The company also owns and manages midstream assets that provide natural gas producer services, including gathering, treatment, conditioning, processing, and liquids handling with a focus on the Appalachian Basin. In addition, it owns and operates liquids pipelines infrastructure for the transportation of Alberta crude oil supplies to the refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast, as well as U.S. crude oil supplies from the market hub at Cushing, Oklahoma to the U.S. Gulf Coast. Further, the company operates 10 power generation facilities with a power generation capacity of 6,615 megawatt powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, New Brunswick, and Arizona; and owns and operates approximately 118 billion cubic feet of unregulated 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 founded in 1951 and is headquartered in Calgary, Canada.
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Beat the Market (BTM) Rank™

Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.35 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:TRP
Previous Symbol
CUSIPN/A
CIK1232384
Webwww.transcanada.com
Phone403-920-2000

Debt

Debt-to-Equity Ratio1.53
Current Ratio0.58
Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio13.53
Forward P/E Ratio14.93
P/E Growth3.7

Sales & Book Value

Annual Sales$9.99 billion
Price / Sales4.31
Cash Flow$5.12 per share
Price / Cash Flow8.96
Book Value$22.83 per share
Price / Book2.01

Profitability

EPS (Most Recent Fiscal Year)$3.12
Net Income$3.12 billion
Net Margins33.69%
Return on Equity13.73%
Return on Assets3.93%

Miscellaneous

Employees7,305
Outstanding Shares940,000,000
Market Cap$43.10 billion
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$45.85
+0.29 (+0.64 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tc Pipelines (NYSE:TRP) Frequently Asked Questions

How has Tc Pipelines' stock price been impacted by COVID-19?

Tc Pipelines' stock was trading at $45.92 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TRP shares have decreased by 0.2% and is now trading at $45.85.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Tc Pipelines?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tc Pipelines in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Tc Pipelines.

When is Tc Pipelines' next earnings date?

Tc Pipelines is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
View our earnings forecast for Tc Pipelines.

How were Tc Pipelines' earnings last quarter?

Tc Pipelines Lp (NYSE:TRP) issued its quarterly earnings data on Thursday, July, 30th. The pipeline company reported $0.92 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.67 by $0.25. The pipeline company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.34 billion. Tc Pipelines had a net margin of 33.69% and a return on equity of 13.73%. During the same quarter in the previous year, the firm earned $1.00 earnings per share.
View Tc Pipelines' earnings history.

How often does Tc Pipelines pay dividends? What is the dividend yield for Tc Pipelines?

Tc Pipelines announced a quarterly dividend on Friday, July 31st. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.6072 per share on Friday, October 30th. This represents a $2.43 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Tuesday, September 29th.
View Tc Pipelines' dividend history.

What price target have analysts set for TRP?

21 brokers have issued 12 month price targets for Tc Pipelines' shares. Their forecasts range from $56.00 to $80.00. On average, they anticipate Tc Pipelines' stock price to reach $68.93 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price.
View analysts' price targets for Tc Pipelines.

Who are some of Tc Pipelines' key competitors?

Some companies that are related to Tc Pipelines include National Grid (NGG), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Companies (WMB), Energy Transfer LP Unit (ET), Targa Resources (TRGP), Western Midstream Partners (WES), Antero Midstream (AM), DCP Midstream (DCP), TC Pipelines (TCP), Enable Midstream Partners (ENBL), EnLink Midstream (ENLC), Rattler Midstream (RTLR), USA Compression Partners (USAC) and Archrock (AROC).
View all competitors.

What other stocks do shareholders of Tc Pipelines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tc Pipelines investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Johnson & Johnson (JNJ), Enbridge (ENB), IBM (IBM), QUALCOMM (QCOM) and AbbVie (ABBV).

Who are Tc Pipelines' key executives?

Tc Pipelines' management team includes the following people:
  • Mr. Russell K. Girling B.Com., M.B.A., B.Comm., Pres, CEO & Director (Age 56)
  • Mr. Donald R. Marchand, Exec. VP & CFO (Age 56)
  • Mr. Paul E. Miller, Exec. VP of Technical Centre & Pres of Liquids Pipelines (Age 60)
  • Mr. Stanley Graham Chapman III, Exec. VP & Pres of U.S. Natural Gas Pipelines (Age 53)
  • Mr. David Moneta, VP of Investor Relations

What is Tc Pipelines' stock symbol?

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

Who are Tc Pipelines' major shareholders?

Tc Pipelines' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.32%), TD Asset Management Inc. (2.46%), FIL Ltd (1.79%), Blackstone Group Inc (1.30%), Bank of Nova Scotia (1.12%) and CIBC Asset Management Inc (0.89%).

Which major investors are selling Tc Pipelines stock?

TRP stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Cardinal Capital Management Inc., Bank of Nova Scotia, State of Wisconsin Investment Board, FMR LLC, Barclays PLC, Scotia Capital Inc., and Guardian Capital LP.

Which major investors are buying Tc Pipelines stock?

TRP stock was bought by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Schonfeld Strategic Advisors LLC, Brookfield Asset Management Inc., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., TD Asset Management Inc., CIBC Asset Management Inc, and Luminus Management LLC.

How do I buy shares of Tc Pipelines?

Shares of TRP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Tc Pipelines' stock price today?

One share of TRP stock can currently be purchased for approximately $45.85.

How big of a company is Tc Pipelines?

Tc Pipelines has a market capitalization of $43.10 billion and generates $9.99 billion in revenue each year. The pipeline company earns $3.12 billion in net income (profit) each year or $3.12 on an earnings per share basis. Tc Pipelines employs 7,305 workers across the globe.

What is Tc Pipelines' official website?

The official website for Tc Pipelines is www.transcanada.com.

How can I contact Tc Pipelines?

Tc Pipelines' 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]

This page was last updated on 9/20/2020 by MarketBeat.com Staff
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