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TSE:TRP

TC Energy (TRP) Stock Forecast, Price & News

C$45.75
-0.96 (-2.06%)
(As of 05:21 PM ET)
Compare
Today's Range
C$45.26
C$46.79
50-Day Range
C$45.25
C$50.89
52-Week Range
C$43.70
C$66.19
Volume
11.70 million shs
Average Volume
6.40 million shs
Market Capitalization
C$45.75 billion
P/E Ratio
50.83
Dividend Yield
8.13%
Price Target
C$56.75

TC Energy MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
24.0% Upside
C$56.75 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of TC Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$235,968 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.70 out of 5 stars


TRP stock logo

About TC Energy (TSE:TRP) Stock

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,700 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, and Texas. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated 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 incorporated in 1951 and is headquartered in Calgary, Canada.

TRP Price History

TRP Stock News Headlines

Closing Bell: Tc Energy Corp flat on Monday (TRP)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
FY2023 EPS Estimates for TC Energy Co. (TSE:TRP) Increased by Analyst
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
TC Energy Corp Pref Series 9 (TRP_pe)
Credit Suisse Reaffirms Their Hold Rating on TC Energy (TRP)
Why selling TC Energy now would be a mistake
Barclays Sticks to Its Hold Rating for TC Energy (TRP)
TC Energy to spin off oil pipeline business
See More Headlines
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TRP Company Calendar

Ex-Dividend for 7/31 Dividend
6/29/2023
Last Earnings
7/27/2023
Dividend Payable
7/31/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Today
10/02/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/08/2023

Industry, Sector and Symbol

Industry
Oil & Gas Midstream
Sub-Industry
N/A
Sector
Energy
CIK
N/A
Fax
N/A
Employees
7,477
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$56.75
High Stock Price Forecast
C$64.00
Low Stock Price Forecast
C$50.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
C$957 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$15.60 billion
Cash Flow
C$2.26 per share
Book Value
C$30.46 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
N/A
Market Cap
C$45.75 billion
Optionable
Optionable
Beta
0.85
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Key Executives

  • Mr. Francois Lionel Poirier (Age 57)
    CEO, Pres & Director
    Comp: $2.68M
  • Mr. Joel E. Hunter (Age 56)
    Exec. VP & CFO
    Comp: $1.09M
  • Mr. Stanley Graham Chapman III (Age 57)
    Exec. VP & COO of Natural Gas Pipelines
    Comp: $2.2M
  • Mr. Bevin Mark Wirzba M.B.A.
    MBA, P.Eng., Exec. VP, Group Pres, Liquids Pipelines & Coastal GasLink
  • Gavin Wylie
    Vice-Pres of Investor Relations
  • Mr. Patrick M. Keys
    Exec. VP, Gen. Counsel and Chief Compliance & Sustainability Officer
  • Ms. Annesley Wallace
    Exec. VP of Strategy, Corp. Devel. and Pres of Power & Energy Solutions
  • Mr. Richard J. Prior
    Pres of Liquids Pipelines.
  • Ms. Tracy A. Robinson (Age 59)
    Exec. Advisor
  • Ms. Dawn E. de Lima
    Exec. Vice-Pres of Corp. Services













TRP Stock - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 1 sell rating, 7 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.
View TRP analyst ratings
or view top-rated stocks.

What is TC Energy's stock price forecast for 2023?

12 brokers have issued 1-year price targets for TC Energy's shares. Their TRP share price forecasts range from C$50.00 to C$64.00. On average, they expect the company's stock price to reach C$56.75 in the next twelve months. This suggests a possible upside of 24.0% 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 C$53.98 at the beginning of 2023. Since then, TRP stock has decreased by 15.2% and is now trading at C$45.75.
View the best growth stocks for 2023 here
.

When is TC Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (TSE:TRP) announced its earnings results on Thursday, July, 27th. The company reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by $0.01. The business earned $3.83 billion during the quarter, compared to analyst estimates of $3.65 billion. TC Energy had a trailing twelve-month return on equity of 3.23% and a net margin of 6.71%.

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

TC Energy declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, September 29th will be paid a dividend of 0.93 per share on Tuesday, October 31st. This represents a $3.72 annualized dividend and a yield of 8.13%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for TRP
.

Is TC Energy a good dividend stock?

TC Energy (TSE:TRP) pays an annual dividend of C$3.72 per share and currently has a dividend yield of 7.58%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 413.33%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for TRP.

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 Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Toronto-Dominion Bank (TD), Rogers Communications (RCI) and Open Text (OTEX).

What is TC Energy's stock symbol?

TC Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TRP."

How do I buy shares of TC Energy?

Shares of TRP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is TC Energy's stock price today?

One share of TRP stock can currently be purchased for approximately C$45.75.

How much money does TC Energy make?

TC Energy (TSE:TRP) has a market capitalization of C$45.75 billion and generates C$15.60 billion in revenue each year. The company earns C$957 million in net income (profit) each year or C$0.90 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 1 St SW, CALGARY, AB T2P 5H1, Canada. The official website for the company is www.transcanada.com. The company can be reached via phone at +1-403-9202000.

This page (TSE:TRP) was last updated on 10/2/2023 by MarketBeat.com Staff

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