Brokerages Set TC Energy Corporation (NYSE:TRP) PT at $84.00

Shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $84.00.

Several analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of TC Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Canadian Imperial Bank of Commerce raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Scotiabank reissued an “outperform” rating on shares of TC Energy in a research note on Monday, October 20th. Wall Street Zen upgraded TC Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citigroup restated a “neutral” rating on shares of TC Energy in a report on Thursday, November 20th.

TC Energy Price Performance

Shares of NYSE TRP opened at $63.52 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.63 and a quick ratio of 0.56. The business has a 50-day moving average of $56.15 and a 200-day moving average of $53.53. The stock has a market capitalization of $66.13 billion, a price-to-earnings ratio of 27.38 and a beta of 0.73. TC Energy has a fifty-two week low of $43.59 and a fifty-two week high of $63.94.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.94 billion. TC Energy had a net margin of 23.86% and a return on equity of 10.61%. During the same quarter last year, the company posted $1.05 earnings per share. As a group, sell-side analysts predict that TC Energy will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.8775 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, March 31st. This represents a $3.51 annualized dividend and a yield of 5.5%. TC Energy’s dividend payout ratio (DPR) is 106.90%.

Key Headlines Impacting TC Energy

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

• Positive Sentiment: Q4 results topped consensus estimates, sending investor optimism about near-term cash generation. Management reported EPS above street forecasts and solid margins. MarketBeat Q4 earnings
• Positive Sentiment: Shares rose to near all-time highs after the earnings beat, reflecting positive market reception alongside peer strength (Enbridge). MSN: Enbridge, TC Energy rise to all-time highs
• Positive Sentiment: Operational performance was highlighted: strongest safety performance in five years, 15 flow records in 2025, and management signaled progress in commercial discussions that could lead to incremental project announcements in 2026. The company also raised its dividend for the 26th consecutive year. GlobeNewswire: Q4 and full-year results
• Neutral Sentiment: TC Energy filed its 2025 audited consolidated financial statements and annual disclosure documents, providing more detail for investors to review (MD&A, AIF). These disclosures support transparency but are informational rather than catalytic. GlobeNewswire: annual disclosure filing
• Neutral Sentiment: Quarterly materials and the conference call/slide deck are available for investors to assess guidance, project updates and segment detail. Press release / slide deck
• Negative Sentiment: Despite beating estimates, reported EPS was lower than the same quarter a year ago (quarterly comparisons mixed across sources), which could temper enthusiasm about growth trajectory. Reuters: beats Q4 profit estimates
• Negative Sentiment: Balance-sheet and liquidity metrics remain potential headwinds: low quick/current ratios (around 0.56/0.63) and a debt-to-equity near 1.6 increase sensitivity to rate and funding risks for capital projects. Investors should weigh the dividend reliability against leverage.

Hedge Funds Weigh In On TC Energy

Several institutional investors have recently bought and sold shares of TRP. Vanguard Group Inc. lifted its holdings in shares of TC Energy by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock worth $2,632,200,000 after acquiring an additional 980,221 shares during the last quarter. Capital Research Global Investors grew its stake in shares of TC Energy by 2.5% during the third quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock valued at $2,282,469,000 after buying an additional 1,041,864 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of TC Energy by 5.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 20,986,748 shares of the pipeline company’s stock valued at $1,025,220,000 after acquiring an additional 1,178,190 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of TC Energy by 6.3% in the fourth quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock worth $1,150,656,000 after purchasing an additional 1,244,525 shares during the last quarter. Finally, GQG Partners LLC lifted its position in shares of TC Energy by 586.5% in the 4th quarter. GQG Partners LLC now owns 16,154,469 shares of the pipeline company’s stock worth $890,711,000 after purchasing an additional 13,801,371 shares during the period. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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.