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NYSE:TRP

TC Energy (TRP) Stock Price, News & Analysis

$40.20
+0.56 (+1.41%)
(As of 04:38 PM ET)
Today's Range
$39.69
$40.28
50-Day Range
$37.45
$40.84
52-Week Range
$32.51
$42.76
Volume
1.70 million shs
Average Volume
2.59 million shs
Market Capitalization
$40.20 billion
P/E Ratio
19.80
Dividend Yield
6.99%
Price Target
$48.83

TC Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
21.5% Upside
$48.83 Price Target
Short Interest
Bearish
4.39% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.41
Upright™ Environmental Score
News Sentiment
0.97mentions of TC Energy in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.01%
From $2.99 to $3.08 Per Share

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.

3.26 out of 5 stars

Oils/Energy Sector

98th out of 237 stocks

Natural Gas Transmission Industry

6th out of 19 stocks

TRP stock logo

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.

TRP Stock Price History

TRP Stock News Headlines

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6 Bargain Dividend Stocks To Buy
TC Energy price target raised by C$1 at TD Securities
TC Energy stock gets price target boosts from RBC, CIBC
TC Energy Full Year 2023 Earnings: EPS Misses Expectations
TC Energy: Massive Q4 Beat And 3% Dividend Increase
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
3/28/2024
Next Earnings (Estimated)
4/26/2024
Dividend Payable
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
7,415
Year Founded
1951

Price 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 Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$2.16 billion
Pretax Margin
25.17%

Debt

Sales & Book Value

Annual Sales
$11.80 billion
Cash Flow
$5.50 per share
Book Value
$27.05 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
N/A
Market Cap
$39.86 billion
Optionable
Optionable
Beta
0.75

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of TC Energy was last updated on Monday, March 25, 2024 at 11:32 PM.

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.

TRP Stock Analysis - Frequently Asked Questions

Should I buy or sell TC Energy stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price targets 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 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 the year. 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 volume of 2,540,000 shares, the days-to-cover ratio is presently 18.0 days. Approximately 4.4% of the shares of the stock 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 data 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 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%.

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. Shareholders 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 dividend yield of 7.10%. The ex-dividend date is Wednesday, March 27th. This is a boost 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 retail and institutional investors. Top institutional investors 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

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