Should I buy or sell TC Energy stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 1 sell rating, 6 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. View TRP analyst ratings or view top-rated stocks .

What is TC Energy's stock price target for 2024?

11 analysts have issued twelve-month price objectives for TC Energy's shares. Their TRP share price targets range from C$47.00 to C$63.00. On average, they expect the company's share price to reach C$54.53 in the next year. This suggests a possible upside of 5.6% 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 on January 1st, 2023. Since then, TRP shares have decreased by 4.3% and is now trading at C$51.65. 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 Tuesday, February 13th 2024. View our TRP earnings forecast .

How were TC Energy's earnings last quarter?

TC Energy Co. (TSE:TRP) posted its earnings results on Wednesday, November, 8th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. The business earned $3.94 billion during the quarter, compared to analyst estimates of $3.23 billion. TC Energy had a trailing twelve-month return on equity of 0.11% and a net margin of 0.07%.

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

TC Energy announced a quarterly dividend on Wednesday, November 8th. Investors of record on Friday, December 29th will be paid a dividend of 0.93 per share on Wednesday, January 31st. This represents a $3.72 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, December 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 7.29%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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) .

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 .

TC Energy Stock Price, News & Analysis (TSE:TRP)

C$51.65

-0.09 (-0.17%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$51.43
▼
C$52.03
50-Day Range: C$45.23
▼
C$51.74
52-Week Range: C$43.70
▼
C$58.68

Volume: 3.88 million shs
Average Volume: 6.16 million shs
Market Capitalization: C$53.72 billion

P/E Ratio: N/A
Dividend Yield: 7.20%
Price Target: C$54.53

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

TC Energy MarketRank™ Stock Analysis

Analyst Rating: Hold
2.27 Rating Score
Upside/Downside: 5.6% Upside
C$54.53 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.44
Based on 11 Articles This Week
Insider Trading: Selling Shares
C$129,297 Sold 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.

1.64 out of 5 stars

1.1

Analyst's Opinion

Consensus Rating
TC Energy has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 4 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$54.53, TC Energy has a forecasted upside of 5.6% from its current price of C$51.65.
Amount of Analyst Coverage
TC Energy has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TRP.

1.7

Dividend Strength

Dividend Leadership
TC Energy is a leading dividend payer. It pays a dividend yield of 7.29%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TC Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRP.

3.0

News and Social Media Coverage

News Sentiment
TC Energy has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for TC Energy this week, compared to 4 articles on an average week.
Search Interest
41 people have searched for TRP on MarketBeat in the last 30 days. This is an increase of 128% compared to the previous 30 days.
MarketBeat Follows
5 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TC Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$129,297.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of TC Energy is held by insiders.
Percentage Held by Institutions
81.54% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TC Energy is -368.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TC Energy is -368.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
TC Energy has a PEG Ratio of 0.70. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
TC Energy has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TC Energy Stock (TSE:TRP)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TRP Stock News Headlines

December 6, 2023 | americanbankingnews.com

TC Energy Co. (TSE:TRP) Receives Average Rating of "Hold" from Brokerages

December 6, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) PT Raised to C$51.00

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

December 5, 2023 | americanbankingnews.com

TC Energy Co. (TSE:TRP) Senior Officer Christine R. Johnston Sells 1,850 Shares of Stock

December 4, 2023 | markets.businessinsider.com

4 Analysts Have This to Say About TC Energy

December 4, 2023 | americanbankingnews.com

FY2023 EPS Estimates for TC Energy Co. (TSE:TRP) Increased by National Bank Financial

December 1, 2023 | msn.com

Should You Buy TC Energy for Passive Income?

November 30, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) Given New C$54.00 Price Target at National Bankshares

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 30, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) Price Target Increased to C$54.00 by Analysts at CIBC

November 29, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) Stock Crosses Above Two Hundred Day Moving Average of $50.26

November 28, 2023 | ca.finance.yahoo.com

Pipeline company TC Energy raises growth outlook for 2023

November 22, 2023 | ca.finance.yahoo.com

BofA bullish on Canadian energy stocks ahead of ‘challenging’ 2024

November 21, 2023 | finance.yahoo.com

TC Energy 2023 Investor Day event to be webcast

November 16, 2023 | finance.yahoo.com

TC Energy (TRP) Q3 Earnings and Revenues Surpass Estimates

November 14, 2023 | markets.businessinsider.com

Buy Rating Issued for TC Energy: Anticipated EBITDA Growth, Asset Sales, and Capital Discipline Strategy

November 8, 2023 | seekingalpha.com

TC Energy Stock: 7.4% Dividend Yield, This Is A Fascinating Income Play

November 8, 2023 | msn.com

TC Energy reports Q3 loss as it takes Coastal GasLink charge

November 1, 2023 | finance.yahoo.com

3 Renewable Energy Stocks Set to Beat Q3 Earnings Estimates

October 30, 2023 | msn.com

Coastal GasLink pipeline fully installed, optimistic TC Energy says

October 30, 2023 | benzinga.com

TC Energy Explores Asset Sales Worth $10B, Debt Reduction on the Horizon

October 27, 2023 | msn.com

TC Energy exploring asset stake sales worth $10B - Bloomberg

October 26, 2023 | bizjournals.com

Iconic TC Energy Center office tower in downtown Houston listed for $285M

October 25, 2023 | msn.com

TC Energy Stock: How Safe Is the 7.86% Yield?

October 24, 2023 | finance.yahoo.com

TC Energy's (TRP) GTN XPress Expansion Receives FERC Approval

October 19, 2023 | theglobeandmail.com

TC Energy’s B.C. pipeline route bolstered by deal with Ksi Lisims LNG

October 19, 2023 | markets.businessinsider.com

CIBC Keeps Their Hold Rating on TC Energy (TRP)

See More Headlines

Receive TRP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for TC Energy and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 10/31 Dividend: 9/28/2023
Dividend Payable: 10/31/2023
Last Earnings: 11/08/2023
Today: 12/08/2023
Ex-Dividend for 1/31 Dividend: 12/28/2023
Dividend Payable: 1/31/2024
Next Earnings (Estimated): 2/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas Midstream
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:TRP
CUSIP: N/A
CIK: N/A
Web: www.transcanada.com
Phone: +1-403-9202000
Fax: N/A
Employees: 7,477
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$54.53
High Stock Price Target: C$63.00
Low Stock Price Target: C$47.00
Potential Upside/Downside: +5.6%
Consensus Rating: Hold
Rating Score (0-4): 2.27
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.14)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.41
P/E Growth: 0.7
Net Income: C$-81,000,000.00
Net Margins: 0.07%
Pretax Margin: N/A
Return on Equity: 0.11%
Return on Assets: 2.51%

Debt

Debt-to-Equity Ratio: 193.59
Current Ratio: 0.86
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: C$13.73 billion
Price / Sales: 3.91
Cash Flow: C$2.55 per share
Price / Cash Flow: 20.28
Book Value: C$30.03 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 1,040,000,000
Free Float: N/A
Market Cap: C$53.72 billion
Optionable: Not Optionable
Beta: 0.83

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

Mr. Francois Lionel Poirier (Age 57)
CEO, President & Director
Comp: $2.68M
Mr. Joel E. Hunter (Age 56)
Executive VP & CFO
Comp: $1.09M
Mr. Stanley Graham Chapman III (Age 57)
Executive VP & COO of Natural Gas Pipelines
Comp: $2.2M
Mr. Bevin Mark Wirzba M.B.A.
P.Eng., Executive VP, Group President, Liquids Pipelines & Coastal GasLink
Gavin Wylie
Vice-President of Investor Relations
Mr. Patrick M. Keys
Executive VP, General Counsel and Chief Compliance & Sustainability Officer
Ms. Annesley Wallace
Executive VP of Strategy, Corporate Development and President of Power & Energy Solutions
Mr. Richard J. Prior
President of Liquids Pipelines.
Ms. Dawn E. de Lima
Executive Vice-President of Corporate Services
Mr. Patrick C. Muttart
Senior Vice President of External Relations

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 1 sell rating, 6 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.
View TRP analyst ratings or view top-rated stocks.
What is TC Energy's stock price target for 2024?: 11 analysts have issued twelve-month price objectives for TC Energy's shares. Their TRP share price targets range from C$47.00 to C$63.00. On average, they expect the company's share price to reach C$54.53 in the next year. This suggests a possible upside of 5.6% 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 on January 1st, 2023. Since then, TRP shares have decreased by 4.3% and is now trading at C$51.65.
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 Tuesday, February 13th 2024.
View our TRP earnings forecast.
How were TC Energy's earnings last quarter?: TC Energy Co. (TSE:TRP) posted its earnings results on Wednesday, November, 8th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. The business earned $3.94 billion during the quarter, compared to analyst estimates of $3.23 billion. TC Energy had a trailing twelve-month return on equity of 0.11% and a net margin of 0.07%.

How often does TC Energy pay dividends? What is the dividend yield for TC Energy?: TC Energy announced a quarterly dividend on Wednesday, November 8th. Investors of record on Friday, December 29th will be paid a dividend of 0.93 per share on Wednesday, January 31st. This represents a $3.72 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, December 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 7.29%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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).
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.

This page (TSE:TRP) was last updated on 12/8/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

TC Energy Stock Price, News & Analysis (TSE:TRP)

TC Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About TC Energy Stock (TSE:TRP)

TRP Stock Price History

TRP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TRP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™