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 equities research analysts have issued 1-year price targets for TC Energy's stock. Their TRP share price forecasts range from $53.00 to $78.00. On average, they expect the company's stock price to reach $65.38 in the next twelve months. This suggests a possible upside of 58.2% 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 beginning of 2023. Since then, TRP shares have increased by 3.7% and is now trading at $41.33.
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TC Energy saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 33,510,000 shares, a decline of 37.2% from the December 31st total of 53,320,000 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is currently 16.6 days. Currently, 3.4% of the company's stock are short sold.
View TC Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our TRP earnings forecast.

TC Energy will be holding an earnings conference call on Tuesday, February 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-669-9658 with passcode "9820".

TC Energy Co. (NYSE:TRP) issued its quarterly earnings data on Friday, November, 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The pipeline company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $3.51 billion. TC Energy had a trailing twelve-month return on equity of 13.98% and a net margin of 22.89%. During the same quarter last year, the company earned $0.71 EPS.

TC Energy announced a quarterly dividend on Wednesday, November 9th. Investors of record on Friday, December 30th will be given a dividend of $0.661 per share on Tuesday, January 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for TRP.

TC Energy (NYSE:TRP) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.35%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 105.14%. 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 82.87% 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 a number of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc (1.45%), National Bank of Canada FI (1.35%), Swiss National Bank (0.42%), M&G Investment Management Ltd. (0.32%), Mondrian Investment Partners LTD (0.29%) and Sumitomo Mitsui Trust Holdings Inc. (0.26%).

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 $41.33.

TC Energy (NYSE:TRP) has a market capitalization of $42.07 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'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.