NYSE:TRP TC Energy (TRP) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free TRP Stock Alerts $40.20 +0.56 (+1.41%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$39.69▼$40.2850-Day Range$37.45▼$40.8452-Week Range$32.51▼$42.76Volume1.70 million shsAverage Volume2.59 million shsMarket Capitalization$40.20 billionP/E Ratio19.80Dividend Yield6.99%Price Target$48.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get TC Energy alerts: Email Address TC Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside21.5% Upside$48.83 Price TargetShort InterestBearish4.39% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-7.41Upright™ Environmental ScoreNews Sentiment1.01Based on 16 Articles This WeekInsider TradingN/AProj. Earnings Growth3.01%From $2.99 to $3.08 Per ShareSee Full Details Hide Full Details 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.3.27 out of 5 starsOils/Energy Sector98th out of 237 stocksNatural Gas Transmission Industry6th out of 19 stocks 2.2 Analyst's Opinion Consensus RatingTC Energy has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.83, TC Energy has a forecasted upside of 21.5% from its current price of $40.20.Amount of Analyst CoverageTC Energy has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted4.39% of the float of TC Energy has been sold short.Short Interest Ratio / Days to CoverTC Energy has a short interest ratio ("days to cover") of 18, which indicates bearish sentiment.Change versus previous monthShort interest in TC Energy has recently increased by 135.80%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipTC Energy is a leading dividend payer. It pays a dividend yield of 6.96%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTC Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of TC Energy is 138.42%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, TC Energy will have a dividend payout ratio of 91.23% in the coming year. This indicates that TC Energy may not be able to sustain their current dividend. Previous Next 0.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTC Energy has received a -61.23% net impact score from Upright. The largest negative impact of TC Energy in category "GHG emissions" seems to be driven mostly by its "Natural gas pipes", "LNG terminals", "Natural gas distribution services", and "Oil distribution services" products. See details.Environmental SustainabilityThe Environmental Impact score for TC Energy is -7.41. Previous Next 3.3 News and Social Media Coverage News SentimentTC Energy has a news sentiment score of 1.01. 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 higher news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 16 news articles for TC Energy this week, compared to 7 articles on an average week.Search Interest43 people have searched for TRP on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.MarketBeat FollowsOnly 13 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TC Energy insiders have not sold or bought any company stock.Percentage Held by Institutions83.13% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for TC Energy are expected to grow by 3.01% in the coming year, from $2.99 to $3.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TC Energy is 19.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.42.Price to Earnings Ratio vs. SectorThe P/E ratio of TC Energy is 19.80, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 21.40.Price to Earnings Growth RatioTC Energy has a PEG Ratio of 3.38. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTC Energy has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTop Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.Just click here for instant access to the #1 Coin for 2024. About TC Energy Stock (NYSE: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.Read More TRP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRP Stock News HeadlinesMarch 25, 2024 | americanbankingnews.comTC Energy Co. Forecasted to Earn Q2 2024 Earnings of $0.67 Per Share (NYSE:TRP)March 23, 2024 | americanbankingnews.comAnalysts Set Expectations for TC Energy Co.'s Q1 2025 Earnings (NYSE:TRP)March 28, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 21, 2024 | americanbankingnews.comTraders Buy Large Volume of Put Options on TC Energy (NYSE:TRP)March 15, 2024 | msn.comTC Energy (TRP) Agrees to Sell Prince Rupert Pipeline ProjectMarch 14, 2024 | globenewswire.comTC Energy enters agreement to sell Prince Rupert Gas Transmission entities to Nisga'a Nation and Western LNGMarch 11, 2024 | msn.com3 Energy Stocks to Buy Hand Over Fist in MarchMarch 8, 2024 | reuters.comTC Energy briefly shut Keystone oil pipeline on unfounded leak concern, US regulator saysMarch 28, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 8, 2024 | 247wallst.com6 Bargain Dividend Stocks To BuyMarch 7, 2024 | theglobeandmail.comTC Energy’s Keystone oil pipeline offline due to operational issues, sources sayMarch 7, 2024 | msn.comTC Energy's Keystone oil pipeline restarts after going offlineMarch 7, 2024 | finance.yahoo.comOil Advances After Canada-US Keystone Pipeline Briefly HaltsMarch 7, 2024 | seekingalpha.comTC Energy: Series 7 Preferred Shares Ready For TakeoffMarch 4, 2024 | investopedia.comBlackRock and Morgan Stanley Buy TC Energy's Portland Pipeline Business for $1.14 BillionMarch 4, 2024 | finance.yahoo.comBlackRock to Buy TC Energy Natural Gas Pipeline System in $1.14 Billion DealMarch 4, 2024 | msn.comTC Energy to sell Portland Natural Gas Transmission System in $1.14B dealMarch 4, 2024 | reuters.comTC Energy to sell Portland Natural Gas Transmission System for $1.14 blnMarch 4, 2024 | globenewswire.comTC Energy announces sale of Portland Natural Gas Transmission SystemFebruary 21, 2024 | realmoney.thestreet.comTC Energy price target raised by C$1 at TD SecuritiesFebruary 20, 2024 | msn.comGot $1,000? 2 Canadian Energy Stocks to Buy and Hold ForeverFebruary 20, 2024 | ca.finance.yahoo.comTC Energy stock gets price target boosts from RBC, CIBCFebruary 18, 2024 | finance.yahoo.comTC Energy Full Year 2023 Earnings: EPS Misses ExpectationsFebruary 17, 2024 | finance.yahoo.comTC Energy Corporation (NYSE:TRP) Q4 2023 Earnings Call TranscriptFebruary 16, 2024 | msn.comTC Energy (TRP) Surpasses Q4 Earnings and Revenue EstimatesFebruary 16, 2024 | msn.comTC Energy Heats Up: Q4 Sizzles, Dividend BoostedFebruary 16, 2024 | seekingalpha.comTC Energy: Massive Q4 Beat And 3% Dividend IncreaseSee More Headlines Receive TRP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TC Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 1/31 Dividend12/28/2023Dividend Payable1/31/2024Last Earnings2/16/2024Ex-Dividend for 4/30 Dividend3/27/2024Today3/28/2024Next Earnings (Estimated)4/26/2024Dividend Payable4/30/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Natural gas transmission Sub-IndustryN/A Current SymbolNYSE:TRP CUSIPN/A CIK1232384 Webwww.transcanada.com Phone(403) 920-2000Fax1403-920-2200Employees7,415Year Founded1951Price Target and Rating Average Stock Price Target$48.83 High Stock Price Target$55.00 Low Stock Price Target$32.00 Potential Upside/Downside+22.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$2.03 Trailing P/E Ratio19.64 Forward P/E Ratio13.33 P/E Growth3.38Net Income$2.16 billion Net Margins18.25% Pretax Margin25.17% Return on Equity18.60% Return on Assets3.91% Debt Debt-to-Equity Ratio1.65 Current Ratio0.96 Quick Ratio0.88 Sales & Book Value Annual Sales$11.80 billion Price / Sales3.38 Cash Flow$5.50 per share Price / Cash Flow7.25 Book Value$27.05 per share Price / Book1.47Miscellaneous Outstanding Shares1,000,000,000Free FloatN/AMarket Cap$39.86 billion OptionableOptionable Beta0.75 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Francois Lionel Poirier (Age 58)CEO, President & Director Comp: $1.98MMr. Joel E. Hunter (Age 57)Executive VP & CFO Comp: $803.79kMr. Stanley Graham Chapman III (Age 58)Executive VP & COO of Natural Gas Pipelines Comp: $1.62MMr. Bevin Mark Wirzba M.B.A.P.Eng., Executive VP, Group President, Liquids Pipelines & Coastal GasLinkGavin WylieVice-President of Investor RelationsMr. Patrick M. KeysExecutive VP, General Counsel and Chief Compliance & Sustainability OfficerMs. Annesley C. WallaceExecutive VP of Strategy, Corporate Development and President of Power & Energy SolutionsMr. Richard J. PriorPresident of Liquids Pipelines.Ms. Dawn E. de LimaExecutive Vice-President of Corporate ServicesMr. Patrick C. MuttartSenior Vice President of External RelationsMore ExecutivesKey CompetitorsKinder MorganNYSE:KMIWilliams CompaniesNYSE:WMBTarga ResourcesNYSE:TRGPEnterprise Products PartnersNYSE:EPDWestern Midstream PartnersNYSE:WESView All CompetitorsInstitutional OwnershipHighPoint Advisor Group LLCBought 5,987 shares on 3/26/2024Ownership: 0.001%Quadrature Capital LtdSold 1,773,300 shares on 3/25/2024Ownership: 0.009%PNC Financial Services Group Inc.Sold 12,287 shares on 3/22/2024Ownership: 0.012%Healthcare of Ontario Pension Plan Trust FundSold 7,755,000 shares on 3/21/2024Ownership: 0.879%B. Riley Wealth Advisors Inc.Sold 2,003 shares on 3/15/2024Ownership: 0.001%View All Institutional 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 has a strong network of natural gas pipelines spanning North America, providing a stable and diversified revenue stream. The company operates in multiple segments, including Canadian, U.S., and Mexico Natural Gas Pipelines, which helps mitigate risks associated with regional economic fluctuations. Recent analyst ratings have been positive, with several analysts issuing a "buy" rating for the company, indicating growth potential. TC Energy's regulated natural gas storage facilities offer stability and long-term value to investors. Despite some sell ratings, the average target price for TC Energy is relatively high, suggesting potential for capital appreciation. Cons Investors should be bearish about investing in TC Energy Co. for these reasons: TC Energy faces competition in the energy infrastructure sector, which could impact its market share and profitability. Fluctuations in natural gas prices and demand could affect TC Energy's financial performance and stock price. While the company has a diverse portfolio, any adverse regulatory changes or environmental concerns could impact its operations and profitability. Some analysts have issued hold or sell ratings for TC Energy, indicating potential risks or challenges ahead. Investors should carefully consider the current stock price and valuation metrics before making investment decisions. 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 Monday, March 25, 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? 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. What is TC Energy's stock price target for 2024? 12 Wall Street research analysts have issued twelve-month price objectives for TC Energy's stock. Their TRP share price targets range from $32.00 to $55.00. On average, they anticipate the company's share price to reach $48.83 in the next twelve months. This suggests a possible upside of 21.5% 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 $39.09 at the beginning of 2024. Since then, TRP shares have increased by 2.8% and is now trading at $40.20. View the best growth stocks for 2024 here. Are investors shorting TC Energy? TC Energy saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 45,650,000 shares, an increase of 135.8% from the February 29th total of 19,360,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the short-interest ratio is presently 18.0 days. Approximately 4.4% of the shares of the company are sold short. View TC Energy's Short Interest. 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. (NYSE:TRP) issued its quarterly earnings results on Friday, February, 16th. The pipeline company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.79 by $0.20. The pipeline company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.93 billion. TC Energy had a net margin of 18.25% and a trailing twelve-month return on equity of 18.60%. How often does TC Energy pay dividends? What is the dividend yield for TC Energy? TC Energy announced a quarterly dividend on Friday, February 16th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.714 per share on Tuesday, April 30th. This represents a $2.86 annualized dividend and a yield of 7.10%. The ex-dividend date 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. Is TC Energy a good dividend stock? TC Energy (NYSE:TRP) pays an annual dividend of $2.81 per share and currently has a dividend yield of 6.96%. TRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 138.42%. 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 91.23% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for TRP. What ETF holds TC Energy's stock? iShares North American Natural Resources ETF holds 254,254 shares of TRP stock, representing 1.56% of its portfolio. What is Russell K. (Russ) Girling's approval rating as TC Energy's CEO? 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. 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 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). Who are TC Energy's major shareholders? TC Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (5.57%), Capital International Investors (5.52%), Vanguard Group Inc. (4.04%), Vanguard Group Inc. (4.04%), Capital World Investors (3.74%) and Bank of Nova Scotia (2.90%). How do I buy shares of TC Energy? 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. Compare Top Brokerages Here. This page (NYSE:TRP) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill Publishing“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryFed launches fourth dollar overhaulStansberry ResearchThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyInvestors Alert: The Next Big Thing in Weight LossBehind the Markets Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TC Energy Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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