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TSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

C$63.07
-0.48 (-0.76%)
(As of 09/17/2024 ET)

About TC Energy Stock (TSE:TRP)

Key Stats

Today's Range
C$63.01
C$63.88
50-Day Range
C$52.38
C$63.87
52-Week Range
C$44.70
C$64.28
Volume
5.36 million shs
Average Volume
6.18 million shs
Market Capitalization
C$65.59 billion
P/E Ratio
19.05
Dividend Yield
6.09%
Price Target
C$58.69
Consensus Rating
Moderate Buy

Company Overview

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.

TC Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 66th Percentile

TC Energy scored higher than 66% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TC Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    TC Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about TC Energy's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TC Energy is 19.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TC Energy is 19.05, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.04.

  • Price to Earnings Growth Ratio

    TC Energy has a PEG Ratio of 0.26. 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 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about TC Energy's valuation and earnings.
  • Short Interest

    There is no current short interest data available for TRP.
  • Dividend Leadership

    TC Energy is a leading dividend payer. It pays a dividend yield of 6.01%, 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 116.01%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about TC Energy's dividend.
  • Short Interest

    There is no current short interest data available for TRP.
  • News Sentiment

    TC Energy has a news sentiment score of 0.80. 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 0.39 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for TC Energy this week, compared to 4 articles on an average week.
  • Search Interest

    Only 20 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • 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$4,328,930.00 in company stock.

  • Percentage Held by Insiders

    Only 0.04% of the stock of TC Energy is held by insiders.

  • Percentage Held by Institutions

    80.13% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TC Energy's insider trading history.
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TRP Stock News Headlines

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TRP Stock Analysis - Frequently Asked Questions

TC Energy's stock was trading at C$51.76 at the start of the year. Since then, TRP stock has increased by 21.9% and is now trading at C$63.07.
View the best growth stocks for 2024 here
.

TC Energy Co. (TSE:TRP) announced its earnings results on Thursday, August, 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 21.38% and a trailing twelve-month return on equity of 10.68%.

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.

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).

Company Calendar

Ex-Dividend for 7/31 Dividend
6/28/2024
Dividend Payable
7/31/2024
Last Earnings
8/01/2024
Today
9/17/2024
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
-7.6%
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$3.13 per share
Book Value
C$26.64 per share

Miscellaneous

Outstanding Shares
1,040,000,000
Free Float
N/A
Market Cap
C$66.09 billion
Optionable
Not Optionable
Beta
0.82
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Should I Buy TC Energy Stock? TRP Pros and Cons Explained

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.

TC Energy
Bull Case

green Wall Street bull icon

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.

TC Energy
Bear Case

red Wall Street bear icon

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.

This page (TSE:TRP) was last updated on 9/17/2024 by MarketBeat.com Staff
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