TC Energy - TRP Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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10 Wall Street analysts have issued 1 year target prices for TC Energy's shares. Their TRP share price forecasts range from $45.00 to $78.00. On average, they anticipate the company's share price to reach $66.08 in the next twelve months. This suggests a possible upside of 54.8% from the stock's current price.
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TC Energy's stock was trading at $46.54 at the start of the year. Since then, TRP stock has decreased by 8.3% and is now trading at $42.68.
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TC Energy saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 15,500,000 shares, a drop of 65.9% from the October 15th total of 45,510,000 shares. Based on an average daily volume of 1,860,000 shares, the short-interest ratio is presently 8.3 days. Currently, 1.6% of the shares of the stock are short sold.
View TC Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our TRP earnings forecast.

TC Energy Co. (NYSE:TRP) announced its quarterly earnings data on Wednesday, November, 9th. The pipeline company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.07. The pipeline company earned $2.91 billion during the quarter. TC Energy had a trailing twelve-month return on equity of 13.98% and a net margin of 22.89%.

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 6.19%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for TRP.

TC Energy (NYSE:TRP) pays an annual dividend of $2.63 per share and currently has a dividend yield of 6.17%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 103.95%. 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 82.70% 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.59%), Price T Rowe Associates Inc. MD (2.97%), Mackenzie Financial Corp (1.68%), Canada Pension Plan Investment Board (1.49%), TD Asset Management Inc. (1.47%) and Beutel Goodman & Co Ltd. (1.21%).

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 $42.68.

TC Energy (NYSE:TRP) has a market capitalization of $43.44 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.