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S&P 500   4,981.80
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Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
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Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
TSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

C$53.82
+0.13 (+0.24%)
(As of 02/21/2024 ET)
Today's Range
C$53.57
C$54.20
50-Day Range
C$50.41
C$53.82
52-Week Range
C$43.70
C$57.02
Volume
2.39 million shs
Average Volume
4.46 million shs
Market Capitalization
C$55.97 billion
P/E Ratio
N/A
Dividend Yield
6.91%
Price Target
C$54.88

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
2.1% Upside
C$54.94 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of TC Energy in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
C$179,330 Sold 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.

2.06 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 93,700 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

TRP Stock News Headlines

TC Energy (TSE:TRP) Given New C$51.00 Price Target at TD Securities
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Today
2/22/2024
Next Earnings (Estimated)
4/26/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$54.94
High Stock Price Target
C$63.00
Low Stock Price Target
C$47.00
Potential Upside/Downside
+2.0%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
C$-81,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$13.73 billion
Cash Flow
C$2.65 per share
Book Value
C$30.03 per share

Miscellaneous

Outstanding Shares
1,040,000,000
Free Float
N/A
Market Cap
C$55.97 billion
Optionable
Not Optionable
Beta
0.75
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Key Executives

  • Mr. Francois Lionel Poirier (Age 58)
    CEO, President & Director
    Comp: $2.68M
  • Mr. Joel E. Hunter (Age 57)
    Executive VP & CFO
    Comp: $1.09M
  • Mr. Stanley Graham Chapman III (Age 58)
    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

Should I Buy TC Energy Stock? TRP Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of TC Energy was last updated on Thursday, February 15, 2024 at 12:43 PM.

Pros

Here are some ways that investors could benefit from investing in TC Energy Co.:

  • TC Energy Corporation operates as an energy infrastructure company in North America.
  • It operates through five segments: Canadian Natural Gas Pipeline, U.S. Natural Gas Pipeline, Mexico Natural Gas Pipeline, Liquids Pipelines, and Power and Storage.
  • TC Energy Corporation has a long history, being incorporated in 1951.
  • It is headquartered in Calgary, Canada.
  • TC Energy Corporation has a strong presence in the energy sector and is well-positioned for growth.

Cons

Investors should be bearish about investing in TC Energy Co. for these reasons:

  • TC Energy Corporation operates in a highly regulated industry, which can pose challenges and uncertainties.
  • The company's financial performance may be affected by fluctuations in commodity prices.
  • TC Energy Corporation faces competition from other energy infrastructure companies.
  • There may be potential environmental and social risks associated with the company's operations.
  • Investors should carefully consider the current stock price and market conditions before making investment decisions.














TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 6 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 target for 2024?

10 equities research analysts have issued 12 month price targets for TC Energy's shares. Their TRP share price targets range from C$47.00 to C$63.00. On average, they predict the company's stock price to reach C$54.94 in the next year. This suggests a possible upside of 2.1% 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 shares have increased by 4.0% and is now trading at C$53.82.
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 Friday, April 26th 2024.
View our TRP earnings forecast
.

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

TC Energy declared a quarterly dividend on Friday, February 16th. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.96 per share on Tuesday, April 30th. This represents a $3.84 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of C$0.93.
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 7.37%. 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 2/22/2024 by MarketBeat.com Staff