TC Energy (TRP) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $45.99 to $46.36
• 50-Day Range: $45.10 to $50.22
• 52-Week Range: $31.83 to $50.37
• Volume: 702,072 shs
• Average Volume: 3.02 million shs
• Market Capitalization: $48.05 billion
• P/E Ratio: 12.82
• Dividend Yield: 5.25%
• Price Target: $55.67
• Consensus Rating: Hold

TC Energy Stock Analysis - MarketRank™

TC Energy scored higher than 78% of companies evaluated by MarketBeat, and ranked 86th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

TC Energy has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

TC Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -9.67%

Earnings Growth

Earnings for TC Energy are expected to decrease by -9.67% in the coming year, from $3.00 to $2.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TC Energy is 12.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.23.

Price to Earnings Ratio vs. Sector

The P/E ratio of TC Energy is 12.82, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.50.

Price to Earnings Growth Ratio

TC Energy has a PEG Ratio of 3.88. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

TC Energy has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.12% of the float of TC Energy has been sold short.

Short Interest Ratio / Days to Cover

TC Energy has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in TC Energy has recently decreased by 0.51%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

TC Energy is a leading dividend payer. It pays a dividend yield of 6.21%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

TC Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TC Energy is 67.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, TC Energy will have a dividend payout ratio of 89.67% in the coming year. This indicates that TC Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -7.41

Percentage of Shares Shorted

1.12% of the float of TC Energy has been sold short.

Short Interest Ratio / Days to Cover

TC Energy has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in TC Energy has recently decreased by 0.51%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.40

News Sentiment

TC Energy has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for TC Energy this week, compared to 9 articles on an average week.

Search Interest

19 people have searched for TRP on MarketBeat in the last 30 days. This is an increase of 12% compared to the previous 30 days.

MarketBeat Follows

26 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 1,200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TC Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

83.13% of the stock of TC Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRP Stock Analysis - Frequently Asked Questions

How have TRP shares performed this year?

TC Energy's stock was trading at $39.09 at the beginning of the year. Since then, TRP stock has increased by 18.4% and is now trading at $46.29.
View the best growth stocks for 2024 here.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) announced its quarterly earnings results on Thursday, November, 7th. The pipeline company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. The pipeline company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.83 billion. TC Energy had a net margin of 31.15% and a trailing twelve-month return on equity of 12.92%.

Who are TC Energy's major shareholders?

TC Energy's top institutional shareholders include Connor Clark & Lunn Investment Management Ltd. (0.65%), CIBC Asset Management Inc (0.63%), Geode Capital Management LLC (0.45%) and Merewether Investment Management LP (0.39%).

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.

What other stocks do shareholders of TC Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TC Energy investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 9/27/2024
• Dividend Payable: 10/31/2024
• Last Earnings: 11/07/2024
• Today: 12/25/2024
• Ex-Dividend for 1/31 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NYSE:TRP
• CUSIP: N/A
• CIK: 1232384
• Web: www.transcanada.com
• Phone: (403) 920-2000
• Fax: 1403-920-2200
• Employees: 7,415
• Year Founded: 1951

Price Target and Rating

• Average Stock Price Target: $55.67
• High Stock Price Target: $70.00
• Low Stock Price Target: $42.00
• Potential Upside/Downside: +20.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.61
• Trailing P/E Ratio: 12.82
• Forward P/E Ratio: 15.43
• P/E Growth: 3.88
• Net Income: $2.16 billion
• Net Margins: 31.15%
• Pretax Margin: 41.33%
• Return on Equity: 12.92%
• Return on Assets: 3.74%

Debt

• Debt-to-Equity Ratio: 1.78
• Current Ratio: 1.31
• Quick Ratio: 1.23

Sales & Book Value

• Annual Sales: $16.65 billion
• Price / Sales: 2.89
• Cash Flow: $5.55 per share
• Price / Cash Flow: 8.34
• Book Value: $27.05 per share
• Price / Book: 1.71

Miscellaneous

• Outstanding Shares: 1,037,957,000
• Free Float: N/A
• Market Cap: $48.05 billion
• Optionable: Optionable
• Beta: 0.82