NYSE:TRPTc Pipelines Stock Price, Forecast & News

$47.33

+1.42 (+3.09 %)

(As of 06/5/2020 12:48 PM ET)

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Today's Range

$46.45

Now: $47.33▼

$47.65

50-Day Range

$41.51

MA: $45.01▼

$48.60

52-Week Range

$32.37

Now: $47.33▼

$57.92

Volume76,044 shs

Average Volume1.83 million shs

Market Capitalization$44.48 billion

P/E Ratio14.30

Dividend Yield4.97%

Beta0.73

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses. It owns and operates wholly-owned natural gas pipelines of 81,500 kilometers and partially-owned natural gas pipelines of 11,100 kilometers; and regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. The company also owns and manages midstream assets that provide natural gas producer services, including gathering, treatment, conditioning, processing, and liquids handling with a focus on the Appalachian Basin. In addition, it owns and operates liquids pipelines infrastructure for the transportation of Alberta crude oil supplies to the refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast, as well as U.S. crude oil supplies from the market hub at Cushing, Oklahoma to the U.S. Gulf Coast. Further, the company operates 10 power generation facilities with a power generation capacity of 6,615 megawatt powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, New Brunswick, and Arizona; and owns and operates approximately 118 billion cubic feet of unregulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Tc Pipelines has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 12 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $69.08, Tc Pipelines has a potential upside of 46.4% from its current price of $47.19.
Amount of Analyst Coverage
Tc Pipelines has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Tc Pipelines has received 437 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Tc Pipelines has received 406 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Tc Pipelines has received 51.84% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Tc Pipelines and other stocks. Vote “Outperform” if you believe TRP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TRP will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Tc Pipelines is a leading dividend payer. It pays a dividend yield of 4.97%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Tc Pipelines has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Tc Pipelines is 73.08 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Tc Pipelines will have a dividend payout ratio of 76.51 % in the coming year. This indicates that Tc Pipelines may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tc Pipelines insiders have not sold or bought any company stock.
Percentage Held by Institutions
65.73% of the stock of Tc Pipelines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Tc Pipelines are expected to grow by 2.76% in the coming year, from $2.90 to $2.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tc Pipelines is 14.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tc Pipelines is 14.26, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.56.
Price to Earnings Growth Ratio
Tc Pipelines has a PEG Ratio of 3.93. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tc Pipelines has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.34 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Natural gas transmission

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:TRP

Previous Symbol

CUSIPN/A

CIK1232384

Webwww.transcanada.com

Phone403-920-2000

Debt

Debt-to-Equity Ratio1.47

Current Ratio0.51

Quick Ratio0.49

Price-To-Earnings

Trailing P/E Ratio14.30

Forward P/E Ratio16.32

P/E Growth3.93

Sales & Book Value

Annual Sales$9.99 billion

Price / Sales4.45

Cash Flow$5.26 per share

Price / Cash Flow8.99

Book Value$22.83 per share

Price / Book2.07

Profitability

EPS (Most Recent Fiscal Year)$3.12

Net Income$3.12 billion

Net Margins31.85%

Return on Equity14.20%

Return on Assets4.01%

Miscellaneous

Employees7,305

Outstanding Shares939,890,000

Market Cap$44.48 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Tc Pipelines (NYSE:TRP) Frequently Asked Questions

How has Tc Pipelines' stock been impacted by COVID-19 (Coronavirus)?

Tc Pipelines' stock was trading at $45.92 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TRP stock has increased by 2.8% and is now trading at $47.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tc Pipelines?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tc Pipelines in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Tc Pipelines.

When is Tc Pipelines' next earnings date?

Tc Pipelines is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Tc Pipelines.

How were Tc Pipelines' earnings last quarter?

Tc Pipelines Lp (NYSE:TRP) posted its quarterly earnings data on Thursday, February, 13th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.25. The pipeline company earned $2.47 billion during the quarter, compared to analysts' expectations of $3.71 billion. Tc Pipelines had a net margin of 31.85% and a return on equity of 14.20%. During the same quarter last year, the firm earned $1.03 EPS. View Tc Pipelines' earnings history.

How often does Tc Pipelines pay dividends? What is the dividend yield for Tc Pipelines?

Tc Pipelines announced a -- dividend on Monday, May 4th. Investors of record on Tuesday, June 30th will be given a dividend of $0.5742 per share on Friday, July 31st. This represents a yield of 5%. The ex-dividend date is Monday, June 29th. View Tc Pipelines' dividend history.

What price target have analysts set for TRP?

18 brokerages have issued 1-year price targets for Tc Pipelines' stock. Their forecasts range from $56.00 to $80.00. On average, they anticipate Tc Pipelines' stock price to reach $69.08 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price. View analysts' price targets for Tc Pipelines.

Has Tc Pipelines been receiving favorable news coverage?

News articles about TRP stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Tc Pipelines earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the pipeline company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the next several days. View the latest news aboutTc Pipelines.

Who are some of Tc Pipelines' key competitors?

Some companies that are related to Tc Pipelines include National Grid (NGG), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Companies (WMB), Energy Transfer LP Unit (ET), Targa Resources (TRGP), EQM Midstream Partners (EQM), Western Midstream Partners (WES), DCP Midstream (DCP), Antero Midstream (AM), TC Pipelines (TCP), Enable Midstream Partners (ENBL), Rattler Midstream (RTLR), USA Compression Partners (USAC) and EnLink Midstream (ENLC). View all competitors.

What other stocks do shareholders of Tc Pipelines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tc Pipelines investors own include AT&T (T), Enbridge (ENB), Pfizer (PFE), Verizon Communications (VZ), Cisco Systems (CSCO), QUALCOMM (QCOM), Enterprise Products Partners (EPD), IBM (IBM), Intel (INTC) and Walt Disney (DIS).

Who are Tc Pipelines' key executives?

Tc Pipelines' management team includes the following people:

Mr. Russell K. Girling B.Com., M.B.A., B.Comm., Pres, CEO & Director (Age 56)
Mr. Donald R. Marchand, Exec. VP & CFO (Age 56)
Mr. Paul E. Miller, Exec. VP of Technical Centre & Pres of Liquids Pipelines (Age 60)
Mr. Stanley Graham Chapman III, Exec. VP & Pres of U.S. Natural Gas Pipelines (Age 53)
Mr. David Moneta, VP of Investor Relations

What is Tc Pipelines' stock symbol?

Tc Pipelines trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRP."

Who are Tc Pipelines' major shareholders?

Tc Pipelines' stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital Research Global Investors (3.45%), Wellington Management Group LLP (3.03%), Deutsche Bank AG (2.95%), Harvest Fund Advisors LLC (1.56%), 1832 Asset Management L.P. (1.45%) and Tortoise Capital Advisors L.L.C. (1.06%).

Which institutional investors are selling Tc Pipelines stock?

TRP stock was sold by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., Franklin Resources Inc., Mackenzie Financial Corp, Mitsubishi UFJ Trust & Banking Corp, Kayne Anderson Capital Advisors LP, Morgan Stanley, Tortoise Capital Advisors L.L.C., and Pictet Asset Management Ltd..

Which institutional investors are buying Tc Pipelines stock?

TRP stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Deutsche Bank AG, 1832 Asset Management L.P., The Manufacturers Life Insurance Company , Cardinal Capital Management Inc., AGF Investments Inc., Wellington Management Group LLP, and Harvest Fund Advisors LLC.

How do I buy shares of Tc Pipelines?

Shares of TRP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Tc Pipelines' stock price today?

One share of TRP stock can currently be purchased for approximately $47.19.

How big of a company is Tc Pipelines?

Tc Pipelines has a market capitalization of $44.35 billion and generates $9.99 billion in revenue each year. The pipeline company earns $3.12 billion in net income (profit) each year or $3.12 on an earnings per share basis. Tc Pipelines employs 7,305 workers across the globe.

What is Tc Pipelines' official website?

The official website for Tc Pipelines is www.transcanada.com.

How can I contact Tc Pipelines?

Tc Pipelines' mailing address is 450 - 1ST STREET S.W., CALGARY A0, T2P 5H1. The pipeline company can be reached via phone at 403-920-2000 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff