TSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

C$49.19
+0.14 (+0.29%)
(As of 04/22/2024 ET)
Today's Range
C$48.79
C$49.51
50-Day Range
C$48.31
C$55.04
52-Week Range
C$43.70
C$56.98
Volume
15.09 million shs
Average Volume
6.83 million shs
Market Capitalization
C$51.16 billion
P/E Ratio
17.89
Dividend Yield
7.81%
Price Target
C$54.94

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
11.7% Upside
C$54.94 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of TC Energy in the last 14 days
Based on 10 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.

3.98 out of 5 stars

TRP stock logo

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

TRP Stock News Headlines

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Barclays Reaffirms Their Hold Rating on TC Energy (TRP)
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
TC Energy (TRP) Receives a Sell from Goldman Sachs
TC Energy Corp.
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
4/22/2024
Dividend Payable
4/30/2024
Next Earnings (Confirmed)
5/03/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Midstream
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
7,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$54.94
High Stock Price Target
C$63.00
Low Stock Price Target
C$47.00
Potential Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
C$2.83 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$15.93 billion
Cash Flow
C$2.43 per share
Book Value
C$26.08 per share

Miscellaneous

Outstanding Shares
1,040,000,000
Free Float
N/A
Market Cap
C$51.16 billion
Optionable
Not Optionable
Beta
0.73
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Key Executives

  • Mr. Francois Lionel Poirier (Age 58)
    CEO, President & Director
    Comp: $3.34M
  • Mr. Joel E. Hunter (Age 57)
    Executive VP & CFO
    Comp: $1.29M
  • Ms. Annesley C. Wallace
    Executive VP of Strategy, Corporate Development and President of Power & Energy Solutions
  • Mr. Stanley Graham Chapman III (Age 58)
    Executive VP & COO of Natural Gas Pipelines
    Comp: $2.48M
  • Mr. Bevin Mark Wirzba M.B.A.
    P.Eng., Executive VP & President of Liquids Pipelines
  • Gavin Wylie
    Vice-President of Investor Relations
  • Mr. Patrick M. Keys
    Executive VP, General Counsel and Chief Compliance & Sustainability Officer
  • 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

TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

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

11 equities research analysts have issued 12-month price objectives for TC Energy's stock. Their TRP share price targets range from C$47.00 to C$63.00. On average, they expect the company's stock price to reach C$54.94 in the next twelve months. This suggests a possible upside of 11.7% 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 5.0% and is now trading at C$49.19.
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, May 3rd 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 (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.27. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate 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 given a dividend of 0.96 per share on Tuesday, April 30th. This represents a $3.84 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost 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?
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 4/23/2024 by MarketBeat.com Staff

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