TC Energy (TRP) Stock Forecast, Price & News

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.

12 Wall Street research analysts have issued 1 year target prices for TC Energy's stock. 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 21.5% 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 C$53.98 at the beginning of the year. Since then, TRP stock has decreased by 13.5% and is now trading at C$46.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our TRP earnings forecast.

TC Energy Co. (TSE:TRP) posted its quarterly earnings data 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.65 billion. TC Energy had a trailing twelve-month return on equity of 3.23% and a net margin of 6.71%.

TC Energy declared a quarterly dividend on Thursday, July 27th. Investors 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 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for TRP.

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.

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).

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

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.
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One share of TRP stock can currently be purchased for approximately C$46.71.

TC Energy (TSE:TRP) has a market capitalization of C$46.71 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.

The company employs 7,477 workers across the globe.

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.