TSE:TRP

TC Energy (TRP) Stock Forecast, Price & News

C$48.23

-0.83 (-1.69%)

(As of 09/26/2023 ET)

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Today's Range: C$48.12
▼
C$49.12
50-Day Range: C$45.25
▼
C$52.23
52-Week Range: C$43.70
▼
C$66.19

Volume: 18.86 million shs
Average Volume: 6.35 million shs
Market Capitalization: C$48.23 billion

P/E Ratio: 53.59
Dividend Yield: 7.71%
Price Target: C$56.75

TC Energy MarketRank™ Forecast

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 17.7% Upside
C$56.75 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.95
Based on 14 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.

2.77 out of 5 stars

3.1

Analyst's Opinion

Consensus Rating
TC Energy has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$56.75, TC Energy has a forecasted upside of 17.7% from its current price of C$48.23.
Amount of Analyst Coverage
TC Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 7.58%, 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.
Dividend Coverage
The dividend payout ratio of TC Energy is 413.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

2.8

News and Social Media Coverage

News Sentiment
TC Energy has a news sentiment score of 0.95. 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 is a higher news sentiment than the 0.49 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for TC Energy this week, compared to 4 articles on an average week.
Search Interest
Only 43 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
MarketBeat Follows
Only 19 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TC Energy insiders have bought 671.01% more of their company's stock than they have sold. Specifically, they have bought C$235,968.00 in company stock and sold C$30,605.00 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.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TC Energy is 53.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of TC Energy is 53.59, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 111.06.
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 1.58. 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 (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

30 days | 90 days | 365 days | Advanced Chart

TRP Stock News Headlines

September 25, 2023 | theglobeandmail.com

Closing Bell: Tc Energy Corp flat on Monday (TRP)

September 25, 2023 | americanbankingnews.com

TC Energy Co. (TSE:TRP) Receives C$56.75 Consensus Target Price from Brokerages

September 26, 2023 | Chaikin Analytics (Ad)

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September 22, 2023 | theglobeandmail.com

Coastal GasLink fined $340,000 for erosion, sediment control challenges

September 22, 2023 | americanbankingnews.com

FY2023 EPS Estimates for TC Energy Co. (TSE:TRP) Increased by Analyst

September 21, 2023 | americanbankingnews.com

TC Energy Co. (TSE:TRP) to Post Q3 2023 Earnings of $1.18 Per Share, Zacks Research Forecasts

September 19, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) Stock Price Crosses Below 200-Day Moving Average of $52.53

September 15, 2023 | finance.yahoo.com

TC Energy announces completion of Bruce Power’s Major Component Replacement Unit 6, On Budget and Ahead of Schedule

September 26, 2023 | Chaikin Analytics (Ad)

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September 6, 2023 | msn.com

High-Yield Investors: Should You Buy TC Energy Stock Now?

September 5, 2023 | msn.com

TC Energy: Growth Business Strategy And Attractive 7.5% Dividend Yield Make Stock Appealing

September 3, 2023 | investing.com

TC Energy Corp Pref Series 9 (TRP_pe)

August 26, 2023 | finance.yahoo.com

TC Energy (TSE:TRP) investors are sitting on a loss of 22% if they invested a year ago

August 21, 2023 | msn.com

Here’s How TC Energy Can Afford to Pay You a 7.7% Dividend

August 19, 2023 | finance.yahoo.com

UPDATE 1-British Columbia on high alert as wildfires force emergency, disrupt main highway

August 17, 2023 | msn.com

Is TC Energy Stock a Buy Now for its 7.7% Dividend Yield?

August 16, 2023 | msn.com

TC Energy: A High Yield And Growing Dividend Pipeline Play

August 10, 2023 | markets.businessinsider.com

Credit Suisse Reaffirms Their Hold Rating on TC Energy (TRP)

August 10, 2023 | forbes.com

TC Energy Initiates Plan To Spin-Off Liquids Pipeline Business To Create Value

August 6, 2023 | theglobeandmail.com

Why selling TC Energy now would be a mistake

August 4, 2023 | theglobeandmail.com

TC Energy has a plan for recovery. Here’s why investors should pay attention

August 3, 2023 | msn.com

TC Energy (TRP) Price Target Decreased by 6.55% to 42.60

August 3, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights TC Energy, Excelerate Energy and Enlight Renewable Energy

July 28, 2023 | msn.com

TC Energy tumbles on pipeline spinoff plan; BMO, TD analysts downgrade

July 28, 2023 | msn.com

TC Energy announces spin off of liquids pipelines business

July 28, 2023 | markets.businessinsider.com

Analysts Conflicted on These NA Names: Northern Oil And Gas (NOG), TC Energy (TRP) and Valero Energy (VLO)

July 28, 2023 | markets.businessinsider.com

Barclays Sticks to Its Hold Rating for TC Energy (TRP)

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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
Today: 9/26/2023
Ex-Dividend for 10/31 Dividend: 9/28/2023
Dividend Payable: 10/31/2023
Next Earnings (Estimated): 11/08/2023

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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 Forecast: C$56.75
High Stock Price Forecast: C$64.00
Low Stock Price Forecast: C$50.00
Forecasted Upside/Downside: +15.8%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.90
Trailing P/E Ratio: 54.44
Forward P/E Ratio: 11.75
P/E Growth: 0.7
Net Income: C$957 million
Net Margins: 6.71%
Pretax Margin: N/A
Return on Equity: 3.23%
Return on Assets: 3.66%

Debt

Debt-to-Equity Ratio: 180.84
Current Ratio: 0.61
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: C$15.60 billion
Price / Sales: 3.14
Cash Flow: C$2.42 per share
Price / Cash Flow: 20.28
Book Value: C$30.46 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 1,000,000,000
Free Float: N/A
Market Cap: C$49 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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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 equities research analysts have issued twelve-month price targets for TC Energy's stock. Their TRP share price forecasts range from C$50.00 to C$64.00. On average, they predict the company's share price to reach C$56.75 in the next twelve months. This suggests a possible upside of 15.8% 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 the year. Since then, TRP stock has decreased by 9.2% and is now trading at C$49.00.
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) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by $0.01. The company 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 announced a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 29th will be given a dividend of 0.93 per share on Tuesday, October 31st. This represents a $3.72 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend 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 7.34%. 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$49.00.
How much money does TC Energy make?: TC Energy (TSE:TRP) has a market capitalization of C$49 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 9/26/2023 by MarketBeat.com Staff

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TC Energy (TRP) Stock Forecast, Price & News

TC Energy MarketRank™ Forecast

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 (TSE:TRP) Stock

TRP Price History

TRP Stock News Headlines

TRP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TRP Stock - Frequently Asked Questions

Overall MarketRank^™