Raymond James Financial Upgrades TC Energy (NYSE:TRP) to “Hold”

TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by stock analysts at Raymond James Financial to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TC Energy in a research report on Monday, December 29th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of TC Energy in a report on Monday. Scotiabank reissued an “outperform” rating on shares of TC Energy in a research note on Tuesday. TD Securities cut TC Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Citigroup restated a “neutral” rating on shares of TC Energy in a research report on Thursday, November 20th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.50.

TC Energy Stock Performance

Shares of NYSE TRP opened at $61.68 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.56. The firm has a market cap of $64.22 billion, a price-to-earnings ratio of 26.54 and a beta of 0.73. The stock’s fifty day moving average price is $56.65 and its two-hundred day moving average price is $53.84. TC Energy has a one year low of $43.59 and a one year high of $63.94.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company earned $1.05 EPS. On average, equities analysts forecast that TC Energy will post 2.63 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of TC Energy in the fourth quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in shares of TC Energy in the 4th quarter valued at $28,000. Westside Investment Management Inc. increased its position in shares of TC Energy by 100.0% during the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock worth $32,000 after buying an additional 297 shares during the period. McIlrath & Eck LLC bought a new position in TC Energy during the fourth quarter worth $32,000. Finally, SWAN Capital LLC acquired a new position in TC Energy in the third quarter valued at $40,000. 83.13% of the stock is owned by institutional investors and hedge funds.

Key TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Q4 results beat consensus, dividend was raised and management issued 2026 comparable EBITDA and capex guidance (C$11.6–11.8B EBITDA; C$5.5–6.0B capex), which supports fundamentals and the dividend story. TC Energy Q4 Earnings & Revenues Surpass Estimates, Dividend Raised
• Positive Sentiment: Major broker support and higher targets: Morgan Stanley nudged its target to C$93 and other brokers have set targets materially above the U.S. quote (one report cites an $84 PT), providing upside from current levels. Morgan Stanley Lifts TC Energy Target to C$93 Brokerages Set TC Energy PT at $84.00
• Positive Sentiment: Media and analysis pieces are bullish on TRP’s natural gas exposure and technical strength (relative strength rating rising to ~83), which can attract momentum and income‑seeking buyers. TC Energy: A Great Natural Gas Play Stocks to watch: RS rating jump to 83
• Neutral Sentiment: Raymond James moved its rating to “hold” (an upgrade to hold), which is a mixed message — not bearish but reduces immediate buy-side conviction. Raymond James upgrades to hold
• Negative Sentiment: Several Canadian brokers (CIBC, National Bank Financial, TD Securities) downgraded TRP to “hold” from stronger ratings (strong-buy/buy → hold). Clustered downgrades are weighing on sentiment and likely the main reason for the intraday weakness. CIBC downgrades TC Energy National Bank Financial downgrade TD Securities downgrades TRP

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.