TC Energy (TRP) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.

12 Wall Street analysts have issued 1 year price objectives for TC Energy's shares. Their TRP share price targets range from $32.00 to $55.00. On average, they expect the company's share price to reach $48.83 in the next twelve months. This suggests a possible upside of 37.7% 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 $39.09 at the start of the year. Since then, TRP stock has decreased by 9.3% and is now trading at $35.47.
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TC Energy saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 111,810,000 shares, an increase of 144.9% from the March 15th total of 45,650,000 shares. Based on an average daily volume of 2,770,000 shares, the days-to-cover ratio is currently 40.4 days. Currently, 10.8% of the company's shares are short sold.
View TC Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our TRP earnings forecast.

TC Energy Co. (NYSE:TRP) issued its quarterly earnings results on Friday, February, 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.20. The pipeline company earned $3.11 billion during the quarter, compared to analysts' expectations of $2.93 billion. TC Energy had a trailing twelve-month return on equity of 18.60% and a net margin of 18.25%.

TC Energy announced a quarterly dividend on Friday, February 16th. Investors of record on Thursday, March 28th will be paid a dividend of $0.714 per share on Tuesday, April 30th. This represents a $2.86 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.67.
Read our dividend analysis for TRP.

TC Energy (NYSE:TRP) pays an annual dividend of $2.83 per share and currently has a dividend yield of 7.85%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 139.41%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TRP will have a dividend payout ratio of 91.88% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TRP.

ETFs with the largest weight of TC Energy (NYSE:TRP) stock in their portfolio include Global X MLP & Energy Infrastructure ETF (MLPX), Tortoise North American Pipeline Fund (TPYP), Pacer American Energy Independence ETF (USAI), Goldman Sachs ETF Trust Goldman (GPOW), Invesco International Dividend Achievers ETF (PID), DJ Brookfield Global Infrastructure ETF (TOLZ), USCF Midstream Energy Income Fund (UMI) and SPDR S&P Global Infrastructure ETF (GII).

221 employees have rated TC Energy Chief Executive Officer Russell K. (Russ) Girling on Glassdoor.com. Russell K. (Russ) Girling has an approval rating of 97% among the company's employees. This puts Russell K. (Russ) Girling in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TC Energy investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Enbridge (ENB), Johnson & Johnson (JNJ), International Business Machines (IBM), QUALCOMM (QCOM) and AbbVie (ABBV).

TC Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.25%), Addenda Capital Inc. (0.11%), Nexus Investment Management ULC (0.06%), Hennessy Advisors Inc. (0.06%), Miller Howard Investments Inc. NY (0.05%) and Ausbil Investment Management Ltd (0.02%).

Shares of TRP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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