TC Energy - TRP Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 4 sell ratings, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.

20 analysts have issued 12-month target prices for TC Energy's stock. Their TRP share price forecasts range from C$57.00 to C$78.00. On average, they predict the company's share price to reach C$70.32 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
View analysts price targets for TRP or view top-rated stocks among Wall Street analysts.

TC Energy's stock was trading at C$58.83 on January 1st, 2022. Since then, TRP shares have decreased by 1.5% and is now trading at C$57.97.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our TRP earnings forecast.

TC Energy Co. (TSE:TRP) released its earnings results on Thursday, July, 28th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.01. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.36 billion.

TC Energy announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, September 30th will be given a dividend of 0.90 per share on Monday, October 31st. This represents a $3.60 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for TRP.

TC Energy (TSE:TRP) pays an annual dividend of C$3.54 per share and currently has a dividend yield of 6.24%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 110.28%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for TRP.

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), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Open Text (OTEX).

TC Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TRP."

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.
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One share of TRP stock can currently be purchased for approximately C$57.97.

TC Energy (TSE:TRP) has a market capitalization of C$58.66 billion and generates C$13.96 billion in revenue each year.

The company employs 7,017 workers across the globe.

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.