TC Energy (TRP) Stock Price, News & Analysis

Company Overview

TC Energy is a leading North American energy infrastructure company specializing in the transportation of natural gas, liquids and the generation of power. The company owns and operates one of the largest pipeline networks in the region, delivering essential energy supplies to industrial, commercial and residential customers. TC Energy’s assets span Canada, the United States and Mexico, reflecting its strategic focus on cross-border infrastructure that supports economic growth and energy security.

In the natural gas segment, TC Energy’s network includes more than 92,000 kilometres of pipelines, featuring flagship systems such as the NOVA Gas Transmission Ltd. (NGTL) System in western Canada and major U.S. pipelines like ANR, Columbia Gas Transmission and Columbia Gulf Transmission. These systems serve gas producers, utilities and end users by transporting fuel from production areas to markets across North America. The company also operates natural gas storage facilities that enhance supply reliability during seasonal demand fluctuations.

On the liquids side, TC Energy’s Keystone Pipeline System delivers crude oil from Alberta and Saskatchewan to major refining hubs in Illinois and the U.S. Gulf Coast. Though key expansion projects such as Keystone XL have faced regulatory and commercial challenges, TC Energy continues to invest in maintenance and selective expansion of its liquids infrastructure to optimize throughput and meet evolving market needs.

Beyond pipelines, TC Energy holds and operates power generation assets with a combined capacity of approximately 12,000 megawatts. Its portfolio includes natural gas-fired plants, nuclear facilities (through its interest in Bruce Power) and renewable energy projects such as wind farms. The company’s nearly 70-year history dates back to its founding as TransCanada Pipelines Limited in 1951, and it adopted the TC Energy name in 2019 to underscore its broader North American footprint. Under the leadership of President and Chief Executive Officer François Poirier and a board with deep sector expertise, TC Energy pursues sustainable growth while managing environmental and social responsibilities across its operating regions.

Key Stats

• Today's Range: $46.95 to $47.48
• 50-Day Range: $46.63 to $51.39
• 52-Week Range: $38.46 to $51.99
• Volume: 543,541 shs
• Average Volume: 2.46 million shs
• Market Capitalization: $49.36 billion
• P/E Ratio: 15.66
• Dividend Yield: 5.27%
• Price Target: $62.00
• Consensus Rating: Moderate Buy

TC Energy Stock Analysis - MarketRank™

TC Energy scored higher than 79% of companies evaluated by MarketBeat, and ranked 51st out of 266 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TC Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

TC Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.84%

Earnings Growth

Earnings for TC Energy are expected to grow by 6.84% in the coming year, from $2.63 to $2.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TC Energy is 15.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.86.

Price to Earnings Ratio vs. Sector

The P/E ratio of TC Energy is 15.66, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 63.79.

Price to Earnings Growth Ratio

TC Energy has a PEG Ratio of 4.44. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

TC Energy has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.60% of the float of TC Energy has been sold short.

Short Interest Ratio / Days to Cover

TC Energy has a short interest ratio ("days to cover") of 21.4, which indicates bearish sentiment.

Change versus previous month

Short interest in TC Energy has recently increased by 180.60%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

TC Energy is a leading dividend payer. It pays a dividend yield of 5.36%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

TC Energy has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of TC Energy is 82.51%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, TC Energy will have a dividend payout ratio of 88.97% in the coming year. This indicates that TC Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -7.41

Percentage of Shares Shorted

5.60% of the float of TC Energy has been sold short.

Short Interest Ratio / Days to Cover

TC Energy has a short interest ratio ("days to cover") of 21.4, which indicates bearish sentiment.

Change versus previous month

Short interest in TC Energy has recently increased by 180.60%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.99

News Sentiment

TC Energy has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for TC Energy this week, compared to 12 articles on an average week.

Search Interest

Only 13 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TC Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

83.13% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRP Stock Analysis - Frequently Asked Questions

How have TRP shares performed this year?

TC Energy's stock was trading at $46.53 on January 1st, 2025. Since then, TRP shares have increased by 2.0% and is now trading at $47.4670.

How were TC Energy's earnings last quarter?

TC Energy Corporation (NYSE:TRP) announced its quarterly earnings results on Thursday, May, 1st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by $0.04. The pipeline company earned $1.78 billion during the quarter, compared to analysts' expectations of $2.57 billion. TC Energy had a net margin of 29.17% and a trailing twelve-month return on equity of 11.41%.
Read the conference call transcript.

Who are TC Energy's major shareholders?

TC Energy's top institutional shareholders include Cardinal Capital Management Inc. (0.24%), Miller Howard Investments Inc. NY (0.11%), Exchange Traded Concepts LLC (0.10%) and Fractal Investments LLC (0.06%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of TC Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TC Energy investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR), AU Optronics (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Record date for 4/30 Dividend: 3/31/2025
• Ex-Dividend for 4/30 Dividend: 3/31/2025
• Dividend Payable: 4/30/2025
• Last Earnings: 5/01/2025
• Record date for 7/31 Dividend: 6/30/2025
• Ex-Dividend for 7/31 Dividend: 6/30/2025
• Today: 7/11/2025
• Next Earnings (Estimated): 7/30/2025
• Dividend Payable: 7/31/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Other Alt Energy
• Sub-Industry: Utilities
• Current Symbol: NYSE:TRP
• CIK: 1232384
• Web: www.transcanada.com
• Phone: (403) 920-2000
• Fax: 1403-920-2200
• Employees: 6,668
• Year Founded: 1951

Price Target and Rating

• Average Price Target for TC Energy: $62.00
• High Price Target: $74.00
• Low Price Target: $42.00
• Potential Upside/Downside: +31.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.03
• Trailing P/E Ratio: 15.63
• Forward P/E Ratio: 17.99
• P/E Growth: 4.44
• Net Income: $3.43 billion
• Net Margins: 29.17%
• Pretax Margin: 36.89%
• Return on Equity: 11.41%
• Return on Assets: 3.36%

Debt

• Debt-to-Equity Ratio: 1.61
• Current Ratio: 0.70
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $10.05 billion
• Price / Sales: 4.90
• Cash Flow: $5.22 per share
• Price / Cash Flow: 9.06
• Book Value: $25.19 per share
• Price / Book: 1.88

Miscellaneous

• Outstanding Shares: 1,039,940,000
• Free Float: N/A
• Market Cap: $49.21 billion
• Optionable: Optionable
• Beta: 0.76