TSE:TRP

TC Energy (TRP) Stock Forecast, Price & News

C$54.11

+0.42 (+0.78%)

(As of 05/26/2023 08:49 PM ET)

Compare

Today's Range: C$53.77
▼
C$54.25
50-Day Range: C$51.30
▼
C$56.76
52-Week Range: C$50.70
▼
C$74.44

Volume: 2.96 million shs
Average Volume: 5.83 million shs
Market Capitalization: C$54.11 billion

P/E Ratio: 34.46
Dividend Yield: 6.87%
Price Target: C$61.66

TC Energy MarketRank™ Forecast

Analyst Rating: Hold
2.42 Rating Score
Upside/Downside: 13.9% Upside
C$61.66 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
C$92,828 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.

2.22 out of 5 stars

2.2

Analyst's Opinion

Consensus Rating
TC Energy has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 6 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$61.66, TC Energy has a forecasted upside of 13.9% from its current price of C$54.11.
Amount of Analyst Coverage
TC Energy has received no research coverage in the past 90 days.

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 6.84%, 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 236.94%. 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.

1.1

News and Social Media Coverage

News Sentiment
TC Energy has a news sentiment score of 0.00. 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 lower news sentiment than the 0.31 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for TC Energy this week, compared to 5 articles on an average week.
Search Interest
Only 24 people have searched for TRP on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% 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 more of their company's stock than they have sold. Specifically, they have bought C$92,828.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of TC Energy is held by insiders.
Percentage Held by Institutions
77.61% 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 34.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of TC Energy is 34.46, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.12.
Price to Earnings Growth Ratio
TC Energy has a PEG Ratio of 0.77. 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 1.73. 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 Storage. The company builds and operates 93,300 km network 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 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. 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.

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TRP Stock News Headlines

May 26, 2023 | msn.com

TFSA Investment Strategies: 2 TSX Stocks to Add to Your Watch List

May 25, 2023 | americanbankingnews.com

Analysts Set TC Energy Co. (TSE:TRP) PT at C$61.66

May 29, 2023 | Legacy Research (Affiliate) (Ad)

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May 24, 2023 | msn.com

How Much to Invest to Get $1,500 in Dividends Every Quarter

May 23, 2023 | americanbankingnews.com

Brokers Set Expectations for TC Energy Co.'s Q2 2023 Earnings (TSE:TRP)

May 21, 2023 | fool.com

Tc Energy (NYSE: TRP)

May 19, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) Price Target Raised to C$60.00

May 5, 2023 | americanbankingnews.com

TC Energy Co. (TSE:TRP) to Post FY2023 Earnings of $4.32 Per Share, National Bank Financial Forecasts

May 29, 2023 | Legacy Research (Affiliate) (Ad)

Sell every Stock except ONE

Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...

May 4, 2023 | theglobeandmail.com

Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

May 3, 2023 | finance.yahoo.com

TC Energy announces 2023 annual meeting Board of Directors election results

May 3, 2023 | finance.yahoo.com

TC Energy announces 2023 annual meeting Board of Directors election results

May 3, 2023 | americanbankingnews.com

TC Energy (TSE:TRP) Price Target Increased to C$60.00 by Analysts at UBS Group

May 1, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Carlisle Companies (CSL), TC Energy (TRP) and Exco Technologies (OtherEXCOF)

April 30, 2023 | americanbankingnews.com

TC Energy Co. (TSE:TRP) Receives C$62.50 Average PT from Analysts

April 29, 2023 | finance.yahoo.com

Mississippi gas pipeline operator lifts contract suspension after repairs

April 29, 2023 | finance.yahoo.com

Pipeline restores gas flow after lightning-sparked inferno

April 28, 2023 | msn.com

TC Energy Q1 Earnings Strong On High Demand Across Assets, Guidance Reiterated

April 28, 2023 | reuters.com

TC Energy declares force majeure after Columbia Gulf pipe fire in Mississippi

April 28, 2023 | msn.com

TC Energy scores Q1 earnings topper as U.S. natural gas pipeline surges

April 28, 2023 | msn.com

Pipeline company TC Energy reports first-quarter profit up from year ago

April 28, 2023 | theglobeandmail.com

TC Energy tops first-quarter profit estimates on strong demand

April 28, 2023 | finance.yahoo.com

TC Energy reports strong first quarter 2023 results

April 28, 2023 | msn.com

TC Energy beats profit estimates on strong demand

April 28, 2023 | americanbankingnews.com

Equities Analysts Set Expectations for TC Energy Co.'s Q1 2023 Earnings (TSE:TRP)

April 28, 2023 | americanbankingnews.com

Morgan Stanley Increases TC Energy (TSE:TRP) Price Target to C$63.00

April 28, 2023 | americanbankingnews.com

Q1 2023 Earnings Forecast for TC Energy Co. (TSE:TRP) Issued By National Bank Financial

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TRP Company Calendar

Ex-Dividend for 4/28 Dividend: 3/30/2023
Dividend Payable: 4/28/2023
Today: 5/28/2023
Next Earnings (Estimated): 7/27/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Industrial Metals & Minerals
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:TRP
CUSIP: N/A
CIK: N/A
Web: www.transcanada.com
Phone: +1-403-9202000
Fax: N/A
Employees: 7,017
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$61.66
High Stock Price Forecast: C$68.00
Low Stock Price Forecast: C$52.00
Forecasted Upside/Downside: +13.9%
Consensus Rating: Hold
Rating Score (0-4): 2.42
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.57
Trailing P/E Ratio: 34.46
Forward P/E Ratio: 13.01
P/E Growth: 0.77
Net Income: C$1.60 billion
Net Margins: 11.00%
Pretax Margin: N/A
Return on Equity: 5.11%
Return on Assets: 3.61%

Debt

Debt-to-Equity Ratio: 183.26
Current Ratio: 0.74
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: C$15.40 billion
Price / Sales: 3.51
Cash Flow: C$2.67 per share
Price / Cash Flow: 20.28
Book Value: C$31.35 per share
Price / Book: 1.73

Miscellaneous

Outstanding Shares: 1,000,000,000
Free Float: N/A
Market Cap: C$54.11 billion
Optionable: Optionable
Beta: 0.87

Key Executives

Mr. Francois Lionel Poirier (Age 56)
CEO, Pres & Director
Comp: $2.17M

Mr. Joel E. Hunter (Age 55)
Exec. VP & CFO
Comp: $824.15k

Mr. Bevin Mark Wirzba M.B.A.
MBA, P.Eng., EVP of Strategy & Corp. Dev. and Group Exec. of Canadian Natural Gas & Liquids Pipelines

Mr. Stanley Graham Chapman III (Age 56)
Exec. VP and Group Exec. of U.S. & Mexico Natural Gas Pipelines
Comp: $1.55M

Ms. Tracy A. Robinson (Age 58)
Exec. Advisor
Comp: $1.22M

Mr. Jawad A. Masud
Sr. Vice-Pres of Technical Centre

Gavin Wylie
Vice-Pres of Investor Relations

Mr. Patrick M. Keys
Exec. VP, Gen. Counsel and Chief Compliance & Sustainability Officer

Mr. Richard J. Prior
Pres of Liquids Pipelines.

Mr. Shawn L. Patterson (Age 48)
Sr. VP of Operations - U.S. Natural Gas Pipelines

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, 5 hold ratings and 6 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 1-year price objectives for TC Energy's stock. Their TRP share price forecasts range from C$52.00 to C$68.00. On average, they anticipate the company's share price to reach C$61.66 in the next twelve months. This suggests a possible upside of 13.9% 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 on January 1st, 2023. Since then, TRP shares have increased by 0.2% and is now trading at C$54.11.
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 Thursday, July 27th 2023.
View our TRP earnings forecast.
How often does TC Energy pay dividends? What is the dividend yield for TC Energy?: TC Energy announced a quarterly dividend on Friday, April 28th. Stockholders of record on Friday, June 30th will be given a dividend of 0.93 per share on Monday, July 31st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, June 29th.
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 6.84%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 236.94%. 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$54.11.
How much money does TC Energy make?: TC Energy (TSE:TRP) has a market capitalization of C$54.11 billion and generates C$15.40 billion in revenue each year. The company earns C$1.60 billion in net income (profit) each year or C$1.57 on an earnings per share basis.
How many employees does TC Energy have?: The company employs 7,017 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 5/29/2023 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 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^™