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TC Energy - TRP Stock Forecast, Price & News

$38.37
+0.49 (+1.29%)
(As of 03/27/2023 03:40 PM ET)
Add
Compare
Today's Range
$37.89
$38.57
50-Day Range
$37.18
$43.51
52-Week Range
$36.79
$59.38
Volume
2.15 million shs
Average Volume
1.90 million shs
Market Capitalization
$39.24 billion
P/E Ratio
66.16
Dividend Yield
6.93%
Price Target
$64.86

TC Energy MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
68.8% Upside
$64.86 Price Target
Short Interest
Bearish
4.60% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
1.00mentions of TC Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.36%
From $3.17 to $3.00 Per Share

Overall MarketRank

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

1.83 out of 5 stars

Oils/Energy Sector

188th out of 242 stocks

Natural Gas Transmission Industry

13th out of 19 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 Energy Solutions, 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 Energy Solutions 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

TC Energy Sees Unusually Large Options Volume (NYSE:TRP)
TSX Ends Weak As Energy, Financials Stocks Post Losses
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
TC Energy (NYSE:TRP) Research Coverage Started at StockNews.com
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
April 21st Options Now Available For TC Energy
15 Largest Pipeline Companies in the World
Better High-Yield Midstream Buy: Enbridge Or TC Energy?
TC Energy advances after update of Keystone cleanup
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
3/27/2023
Ex-Dividend for 4/28 Dividend
3/30/2023
Dividend Payable
4/28/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,477
Year Founded
1951

Price Target and Rating

Average Stock Price Forecast
$64.86
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+71.2%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$575.36 million
Pretax Margin
9.17%

Debt

Sales & Book Value

Annual Sales
$11.52 billion
Cash Flow
$5.27 per share
Book Value
$23.89 per share

Miscellaneous

Outstanding Shares
1,022,700,000
Free Float
N/A
Market Cap
$38.74 billion
Optionable
Optionable
Beta
0.85

Social Links


Key Executives

  • Francois L. Poirier
    President, Chief Executive Officer & Director
  • Joel E. HunterJoel E. Hunter
    Chief Financial Officer & Executive Vice President
  • Jawad A. Masud
    Senior Vice President-Technical Centre
  • Leslie C. Kass
    Executive Vice President-Technical Centre
  • Patrick M Keys
    Executive Vice President & General Counsel













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 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.

How have TRP shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting TC Energy?

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
.

When is TC Energy's next earnings date?

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

How were TC Energy's earnings last quarter?

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.

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

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
.

What ETFs hold TC Energy's stock?

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).

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 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.

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 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%).

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 $37.88.

How much money does TC Energy make?

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.

How many employees does TC Energy have?

The company employs 7,477 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 3/27/2023 by MarketBeat.com Staff