TC Energy (TRP) Stock Forecast & Price Target

TC Energy
Bull Case

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

• TC Energy Co. recently reported third-quarter earnings of C$0.94 per share, which exceeded the FactSet estimate of C$0.88, demonstrating strong performance in its gas pipeline business and leading the company to raise its full-year 2026 outlook.
• The company has approved a $2 billion pipeline expansion to tap into growing gas demand, signaling a strategic focus on infrastructure growth that supports long-term revenue stability and positions the firm to benefit from increased energy consumption across North America.
• With a current stock price of $92.04, TC Energy Co. offers a dividend yield of 4.01%, providing investors with a consistent income stream that is attractive in the current market environment, particularly given the company's status as a leader in North American energy infrastructure.
• Analyst sentiment has improved significantly, with the consensus rating shifting to "Moderate Buy" and the average price target rising to C$96.29, reflecting increased confidence from institutions like Scotiabank and TD Securities who have upgraded their ratings and raised price targets in recent months.
• TC Energy Co. moves more than 30 percent of the natural gas used across the continent and connects LNG exports to global markets, providing a diversified and resilient revenue base that is less volatile than pure commodity producers due to its regulated infrastructure model.