TC Energy (NYSE:TRP) Rating Lowered to “Hold” at Canadian Imperial Bank of Commerce

TC Energy (NYSE:TRP) (TSE:TRP) was downgraded by research analysts at Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Scotiabank restated an “outperform” rating on shares of TC Energy in a research report on Tuesday. TD Securities cut TC Energy from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets restated an “outperform” rating on shares of TC Energy in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of TC Energy in a report on Wednesday, January 28th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of TC Energy in a report on Monday. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $72.50.

TC Energy Stock Performance

Shares of TRP opened at $61.68 on Tuesday. TC Energy has a one year low of $43.59 and a one year high of $63.94. 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 company has a market capitalization of $64.22 billion, a PE ratio of 26.54 and a beta of 0.73. The company’s fifty day moving average price is $56.65 and its 200 day moving average price is $53.84.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Friday, February 13th. The pipeline company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. TC Energy had a return on equity of 10.52% and a net margin of 23.04%.The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $1.05 EPS. As a group, analysts expect that TC Energy will post 2.63 earnings per share for the current year.

Institutional Trading of TC Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of TC Energy in the fourth quarter valued at approximately $25,000. Trust Co. of Vermont bought a new position in shares of TC Energy in the fourth quarter worth about $28,000. Westside Investment Management Inc. increased its holdings 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 in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of TC Energy during the fourth quarter valued at about $32,000. Finally, SWAN Capital LLC acquired a new position in TC Energy in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

Key Headlines Impacting TC Energy

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

About TC Energy

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.