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TSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

C$52.27
-0.29 (-0.55%)
(As of 05/28/2024 ET)
Today's Range
C$52.02
C$52.52
50-Day Range
C$48.31
C$55.02
52-Week Range
C$43.70
C$55.91
Volume
2.57 million shs
Average Volume
6.07 million shs
Market Capitalization
C$54.36 billion
P/E Ratio
19.95
Dividend Yield
7.35%
Price Target
C$54.50

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
4.3% Upside
C$54.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.32mentions of TC Energy in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
C$248,609 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.83 out of 5 stars

TRP stock logo

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 93,600 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, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. 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.

TRP Stock Price History

TRP Stock News Headlines

Barclays Reaffirms Their Hold Rating on TC Energy (TRP)
TC Energy (TRP) Receives a Sell from Goldman Sachs
See More Headlines
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Company Calendar

Ex-Dividend for 4/30 Dividend
3/27/2024
Dividend Payable
4/30/2024
Last Earnings
5/03/2024
Today
5/29/2024
Next Earnings (Estimated)
7/25/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Midstream
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
7,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$54.50
High Stock Price Target
C$61.00
Low Stock Price Target
C$47.00
Potential Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
C$2.72 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$16.25 billion
Cash Flow
C$2.58 per share
Book Value
C$26.62 per share

Miscellaneous

Outstanding Shares
1,040,000,000
Free Float
N/A
Market Cap
C$54.36 billion
Optionable
Not Optionable
Beta
0.74
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Key Executives

  • Mr. Francois Lionel Poirier (Age 58)
    CEO, President & Director
    Comp: $3.34M
  • Ms. Annesley C. Wallace
    Executive VP of Strategy, Corporate Development and President of Power & Energy Solutions
  • Mr. Stanley Graham Chapman III (Age 58)
    Executive VP & COO of Natural Gas Pipelines
    Comp: $2.48M
  • Mr. Bevin Mark Wirzba M.B.A.
    P.Eng., Executive VP & President of Liquids Pipelines
  • Gavin Wylie
    Vice-President of Investor Relations
  • Mr. Patrick M. Keys
    Executive VP, General Counsel and Chief Compliance & Sustainability Officer
  • 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
  • Mr. Greg Grant
    President of Canadian Natural Gas Pipelines

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 7 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 equities research analysts have issued 12-month price targets for TC Energy's stock. Their TRP share price targets range from C$47.00 to C$61.00. On average, they predict the company's share price to reach C$54.50 in the next year. This suggests a possible upside of 4.3% 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 2024?

TC Energy's stock was trading at C$51.76 at the start of the year. Since then, TRP stock has increased by 1.0% and is now trading at C$52.27.
View the best growth stocks for 2024 here
.

When is TC Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our TRP earnings forecast
.

How were TC Energy's earnings last quarter?

TC Energy Co. (TSE:TRP) posted its quarterly earnings results on Friday, May, 3rd. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.10. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. TC Energy had a trailing twelve-month return on equity of 8.37% and a net margin of 17.31%.

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

TC Energy announced a quarterly dividend on Friday, May 3rd. Shareholders of record on Friday, June 28th will be paid a dividend of 0.96 per share on Wednesday, July 31st. This represents a $3.84 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for TRP
.

Is TC Energy a good dividend stock?

TC Energy (TSE:TRP) pays an annual dividend of C$3.84 per share and currently has a dividend yield of 7.25%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 146.56%. 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?
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 5/29/2024 by MarketBeat.com Staff

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