Should I buy or sell TC Energy stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 7 hold ratings and 4 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 .

What is TC Energy's stock price target for 2024?

11 Wall Street analysts have issued twelve-month price targets for TC Energy's stock. Their TRP share price targets range from C$47.00 to C$63.00. On average, they predict the company's share price to reach C$55.35 in the next twelve months. This suggests a possible upside of 11.6% 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 beginning of 2024. Since then, TRP stock has decreased by 4.2% and is now trading at C$49.60. 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 were TC Energy's earnings last quarter?

TC Energy Co. (TSE:TRP) posted its quarterly earnings results on Friday, February, 16th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.27. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.94 billion. TC Energy had a net margin of 18.34% and a trailing twelve-month return on equity of 8.39%.

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. Investors 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 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Wednesday, March 27th. This is an increase 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$3.84 per share and currently has a dividend yield of 7.72%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 139.64%. 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) , Wheaton Precious Metals (WPM) , 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 .

TSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

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Free TRP Stock Alerts

C$49.60

-0.13 (-0.26%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$49.33
▼
C$50.09
50-Day Range: C$49.60
▼
C$55.04
52-Week Range: C$43.70
▼
C$56.98

Volume: 10.42 million shs
Average Volume: 6.67 million shs
Market Capitalization: C$51.58 billion

P/E Ratio: 18.04
Dividend Yield: 7.74%
Price Target: C$55.35

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get TC Energy alerts:

TC Energy MarketRank™ Stock Analysis

Analyst Rating: Hold
2.36 Rating Score
Upside/Downside: 11.6% Upside
C$55.35 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.38
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
C$248,609 Bought 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.

3.94 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
TC Energy has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
TC Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 7.72%, 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 139.64%. 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.

3.0

News and Social Media Coverage

News Sentiment
TC Energy has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for TC Energy this week, compared to 3 articles on an average week.
Search Interest
38 people have searched for TRP on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.
MarketBeat Follows
8 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 14% 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 82.01% more of their company's stock than they have sold. Specifically, they have bought C$248,609.00 in company stock and sold C$136,593.00 in company stock.
Percentage Held by Insiders
Only 0.04% of the stock of TC Energy is held by insiders.
Percentage Held by Institutions
79.08% 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 18.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of TC Energy is 18.04, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 99.54.
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 1.90. 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

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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

30 days | 90 days | 365 days | Advanced Chart

TRP Stock News Headlines

March 27, 2024 | insidertrades.com

Insider Buying: TC Energy Co. (TSE:TRP) Director Purchases 875 Shares of Stock

March 26, 2024 | insidertrades.com

Dawn Elizabeth De Lima Purchases 2,600 Shares of TC Energy Co. (TSE:TRP) Stock

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March 21, 2024 | insidertrades.com

TC Energy Co. (TSE:TRP) Director Acquires C$16,506.00 in Stock

March 17, 2024 | insidertrades.com

Kevin B. Engel Sells 2,514 Shares of TC Energy Co. (TSE:TRP) Stock

April 15, 2024 | markets.businessinsider.com

TC Energy (TRP) Receives a Sell from Goldman Sachs

April 15, 2024 | msn.com

Bargain Hunters: TRP Stock is the Best Dividend Deal Around!

April 15, 2024 | seekingalpha.com

TC Energy Floating Preferred Shares: Double-Digit Yield With Relatively Low Risk

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April 9, 2024 | msn.com

RRSP Wealth: 2 Top TSX Dividend Stocks to Buy for 2024

April 9, 2024 | americanbankingnews.com

TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of "Hold" from Analysts

April 8, 2024 | americanbankingnews.com

TC Energy Co. Expected to Post Q1 2026 Earnings of $1.37 Per Share (TSE:TRP)

April 4, 2024 | seekingalpha.com

Enbridge Preferred Shares: Prime Investment Opportunity

April 4, 2024 | msn.com

May startup of Trans Mountain oil pipeline expansion surprises analysts

April 3, 2024 | msn.com

2 Top TSX Dividend Stocks to Buy Now and Hold for Decades

April 3, 2024 | finance.yahoo.com

TC Energy appoints Sean O’Donnell as Executive Vice-President and Chief Financial Officer

April 1, 2024 | finance.yahoo.com

Investors in TC Energy (TSE:TRP) have seen returns of 19% over the past five years

March 30, 2024 | fool.ca

Why Claiming CPP at 65 Could Be a Mistake

March 27, 2024 | barrons.com

TC Energy Corp.

March 15, 2024 | seekingalpha.com

TC Energy sells Prince Rupert Gas Transmission to Nisga’a Nation and Western LNG

March 15, 2024 | msn.com

TC Energy selll Prince Rupert Gas Transmission to Nisga’a Nation and Western LNG

March 9, 2024 | msn.com

TC Energy briefly shut Keystone oil pipeline on unfounded leak concern

March 7, 2024 | msn.com

Is TC Energy Stock Finally a Buy in 2024?

March 7, 2024 | msn.com

TC Energy's Keystone oil pipeline offline due to operational issues - Reuters

March 7, 2024 | finance.yahoo.com

Keystone Oil Pipeline Segment Shuts, Sending Futures Higher

March 7, 2024 | msn.com

TC Energy's Strategic Shift Reportedly Leads To Layoffs: Calgary And Houston Employees Bear The Brunt

March 6, 2024 | msn.com

TC Energy confirms latest round of job cuts; unspecified number of employees affected

See More Headlines

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Company Calendar

Ex-Dividend for 1/31 Dividend: 12/28/2023
Dividend Payable: 1/31/2024
Last Earnings: 2/16/2024
Ex-Dividend for 4/30 Dividend: 3/27/2024
Today: 4/15/2024
Next Earnings (Estimated): 4/26/2024
Dividend Payable: 4/30/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Midstream
Sub-Industry: N/A
Current Symbol: TSE:TRP
CUSIP: N/A
CIK: N/A
Web: www.transcanada.com
Phone: +1-403-9202000
Fax: N/A
Employees: 7,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$55.35
High Stock Price Target: C$63.00
Low Stock Price Target: C$47.00
Potential Upside/Downside: +11.6%
Consensus Rating: Hold
Rating Score (0-4): 2.36
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.75
Trailing P/E Ratio: 18.04
Forward P/E Ratio: 11.87
P/E Growth: 0.26
Net Income: C$2.83 billion
Net Margins: 18.34%
Pretax Margin: N/A
Return on Equity: 8.39%
Return on Assets: 3.56%

Debt

Debt-to-Equity Ratio: 163.32
Current Ratio: 0.96
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: C$15.93 billion
Price / Sales: 3.24
Cash Flow: C$2.45 per share
Price / Cash Flow: 20.28
Book Value: C$26.08 per share
Price / Book: 1.90

Miscellaneous

Outstanding Shares: 1,040,000,000
Free Float: N/A
Market Cap: C$51.58 billion
Optionable: Not Optionable
Beta: 0.73

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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 C. 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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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 Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
The company's diversified portfolio across different segments such as natural gas pipelines, liquids pipelines, and power generation provides stability and reduces risk.
Recent developments in the energy sector have increased demand for natural gas, which could positively impact TC Energy Co.'s business.
TC Energy Co.'s stock price has been relatively stable and has shown resilience during market fluctuations, offering a potential safe haven for investors.
The company's strategic investments in expanding its infrastructure network position it well for future growth opportunities in the energy market.

Cons

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

Volatility in commodity prices, especially in the oil and gas sector, could impact TC Energy Co.'s profitability and financial performance.
Regulatory changes or environmental concerns related to energy infrastructure projects could pose risks to the company's operations and future projects.
Dependence on the North American energy market exposes TC Energy Co. to geopolitical and economic uncertainties that could affect its business operations.
Fluctuations in interest rates or changes in government policies regarding energy could impact the company's cost of capital and overall financial health.
Competitive pressures in the energy sector could potentially affect TC Energy Co.'s market share and pricing power, impacting its revenue and profitability.

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 Saturday, April 6, 2024. Please send any questions or comments about these TC Energy pros and cons to contact@marketbeat.com.

TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 7 hold ratings and 4 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.
What is TC Energy's stock price target for 2024?: 11 Wall Street analysts have issued twelve-month price targets for TC Energy's stock. Their TRP share price targets range from C$47.00 to C$63.00. On average, they predict the company's share price to reach C$55.35 in the next twelve months. This suggests a possible upside of 11.6% 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 beginning of 2024. Since then, TRP stock has decreased by 4.2% and is now trading at C$49.60.
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 were TC Energy's earnings last quarter?: TC Energy Co. (TSE:TRP) posted its quarterly earnings results on Friday, February, 16th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.27. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.94 billion. TC Energy had a net margin of 18.34% and a trailing twelve-month return on equity of 8.39%.

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. Investors 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 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Wednesday, March 27th. This is an increase 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$3.84 per share and currently has a dividend yield of 7.72%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 139.64%. 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), Wheaton Precious Metals (WPM), 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 4/16/2024 by MarketBeat.com Staff

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TC Energy (TRP) Stock Price, News & Analysis

TC Energy MarketRank™ Stock Analysis

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 Stock (TSE:TRP)

TRP Stock Price History

TRP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

TRP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™