TC Energy - TRP Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 3 sell ratings, 4 hold ratings 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.
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11 brokers have issued 1-year target prices for TC Energy's stock. Their TRP share price forecasts range from $45.00 to $78.00. On average, they predict the company's share price to reach $68.83 in the next year. This suggests a possible upside of 70.8% from the stock's current price.
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TC Energy's stock was trading at $46.54 at the beginning of the year. Since then, TRP shares have decreased by 13.4% and is now trading at $40.29.
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TC Energy saw a increase in short interest in September. As of September 15th, there was short interest totaling 27,590,000 shares, an increase of 107.1% from the August 31st total of 13,320,000 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 15.6 days. Currently, 2.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our TRP earnings forecast.

TC Energy Co. (NYSE:TRP) issued its quarterly earnings data on Thursday, July, 28th. The pipeline company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The pipeline company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.62 billion. TC Energy had a trailing twelve-month return on equity of 14.19% and a net margin of 23.44%.

TC Energy announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, September 30th will be given a dividend of $0.699 per share on Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for TRP.

TC Energy (NYSE:TRP) pays an annual dividend of $2.79 per share and currently has a dividend yield of 6.77%. 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 110.28%. 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 84.80% 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."

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 $40.29.

TC Energy (NYSE:TRP) has a market capitalization of $40.77 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.