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: $43.39 to $44.38
• 50-Day Range: $41.49 to $48.38
• 52-Week Range: $32.51 to $48.42
• Volume: 1.13 million shs
• Average Volume: 2.94 million shs
• Market Capitalization: $44.29 billion
• P/E Ratio: 22.83
• Dividend Yield: 6.41%
• Price Target: $43.50
• Consensus Rating: Hold

TC Energy Stock Analysis - MarketRank™

TC Energy scored higher than 54% of companies evaluated by MarketBeat, and ranked 184th out of 260 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: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

TC Energy has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

TC Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 2.92%

Earnings Growth

Earnings for TC Energy are expected to grow by 2.92% in the coming year, from $3.08 to $3.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TC Energy is 22.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of TC Energy is 22.81, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.77.

Price to Earnings Growth Ratio

TC Energy has a PEG Ratio of 3.80. 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 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.95% 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 10.7, which indicates bearish sentiment.

Change versus previous month

Short interest in TC Energy has recently increased by 34.55%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

TC Energy is a leading dividend payer. It pays a dividend yield of 6.02%, 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 146.39%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, TC Energy will have a dividend payout ratio of 89.59% 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

2.95% 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 10.7, which indicates bearish sentiment.

Change versus previous month

Short interest in TC Energy has recently increased by 34.55%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.87

News Sentiment

TC Energy has a news sentiment score of 0.87. 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 higher news sentiment than the 0.63 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for TC Energy this week, compared to 8 articles on an average week.

Search Interest

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

MarketBeat Follows

8 people have added TC Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 2024. Since then, TRP stock has increased by 13.2% and is now trading at $44.25.
View the best growth stocks for 2024 here.

How were TC Energy's earnings last quarter?

TC Energy Co. (NYSE:TRP) released its earnings results on Thursday, August, 1st. The pipeline company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.29. The pipeline company earned $2.99 billion during the quarter, compared to analysts' expectations of $2.78 billion. TC Energy had a trailing twelve-month return on equity of 16.97% and a net margin of 21.31%.

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 AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Enbridge (ENB) and Johnson & Johnson (JNJ).

Company Calendar

• Ex-Dividend for 7/31 Dividend: 6/28/2024
• Dividend Payable: 7/31/2024
• Last Earnings: 8/01/2024
• Ex-Dividend for 10/31 Dividend: 9/27/2024
• Today: 10/03/2024
• Dividend Payable: 10/31/2024
• Next Earnings (Confirmed): 11/07/2024
• Fiscal Year End: 12/31/2024

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: $43.50
• High Stock Price Target: $55.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: -0.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.94
• Trailing P/E Ratio: 22.51
• Forward P/E Ratio: 14.18
• P/E Growth: 3.8
• Net Income: $2.16 billion
• Net Margins: 21.31%
• Pretax Margin: 29.24%
• Return on Equity: 16.97%
• Return on Assets: 3.80%

Debt

• Debt-to-Equity Ratio: 1.57
• Current Ratio: 0.76
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: $16.50 billion
• Price / Sales: 2.65
• Cash Flow: $5.20 per share
• Price / Cash Flow: 8.39
• Book Value: $27.05 per share
• Price / Book: 1.61

Miscellaneous

• Outstanding Shares: 1,000,000,000
• Free Float: N/A
• Market Cap: $43.66 billion
• Optionable: Optionable
• Beta: 0.81