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TSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

C$63.27
0.00 (0.00%)
(As of 10:57 AM ET)
Today's Range
C$63.11
C$63.63
50-Day Range
C$51.11
C$63.87
52-Week Range
C$44.70
C$64.28
Volume
252,603 shs
Average Volume
6.16 million shs
Market Capitalization
C$65.80 billion
P/E Ratio
19.11
Dividend Yield
6.07%
Price Target
C$58.69

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.2% Downside
C$58.69 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of TC Energy in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
C$3.95 M 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.

2.95 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

⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
TC Energy Co. Expected to Earn Q4 2024 Earnings of $0.97 Per Share (TSE:TRP)
⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
Barclays Reaffirms Their Buy Rating on TC Energy (TRP)
TC Energy (TSE:TRP) Price Target Raised to C$60.00 at ATB Capital
TC Energy's pipeline stake sale delayed
See More Headlines
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Company Calendar

Ex-Dividend for 7/31 Dividend
6/28/2024
Dividend Payable
7/31/2024
Last Earnings
8/01/2024
Today
9/16/2024
Ex-Dividend for 10/31 Dividend
9/27/2024
Dividend Payable
10/31/2024
Next Earnings (Estimated)
11/13/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Midstream
Sub-Industry
Utilities
CIK
N/A
Fax
N/A
Employees
7,480
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$58.69
High Stock Price Target
C$65.00
Low Stock Price Target
C$47.00
Potential Upside/Downside
-7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
C$3.43 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$16.50 billion
Cash Flow
C$3.12 per share
Book Value
C$26.64 per share

Miscellaneous

Outstanding Shares
1,040,000,000
Free Float
N/A
Market Cap
C$65.80 billion
Optionable
Not Optionable
Beta
0.82
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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

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

Pros

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

  • TC Energy's stock price has been consistently increasing, reaching C$61.29 on the latest trading day, showing positive momentum.
  • TC Energy has a strong dividend yield of 6.38%, providing investors with a steady income stream.
  • Analysts have set new price targets for TC Energy, indicating positive sentiment and potential for stock price appreciation.
  • TC Energy has a solid financial position with a current ratio of 0.94 and a quick ratio of 0.40, reflecting good liquidity.
  • TC Energy's recent earnings report beat analyst estimates, showcasing the company's strong performance.

Cons

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

  • TC Energy's debt-to-equity ratio is high at 163.01, indicating a significant level of debt that could pose risks.
  • US Capital Advisors recently lowered their earnings estimates for TC Energy, signaling potential challenges in profitability.
  • TC Energy's dividend payout ratio is relatively high at 147.69%, which may limit future dividend growth.
  • TC Energy's stock has a beta of 0.74, suggesting lower volatility compared to the market, which may impact potential returns.
  • TC Energy's 12-month high stock price of C$61.60 may indicate a potential resistance level for further price appreciation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these TC Energy pros and cons to contact@marketbeat.com.

TRP Stock Analysis - Frequently Asked Questions

How have TRP shares performed this year?

TC Energy's stock was trading at C$51.76 at the start of the year. Since then, TRP shares have increased by 22.2% and is now trading at C$63.27.
View the best growth stocks for 2024 here
.

How were TC Energy's earnings last quarter?

TC Energy Co. (TSE:TRP) released its quarterly earnings results on Thursday, August, 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.05. The firm earned $4.09 billion during the quarter, compared to analysts' expectations of $3.78 billion. TC Energy had a trailing twelve-month return on equity of 10.68% and a net margin of 21.38%.

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 other stocks do shareholders of TC Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TC Energy investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET) and Toronto-Dominion Bank (TD).

This page (TSE:TRP) was last updated on 9/16/2024 by MarketBeat.com Staff

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