Summary
37.57 -0.33(-0.87%)07/01/2024
Transcanada Corp. (TRP)
Transcanada Corp. (TRP)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -0.87 | -1.56 | -1.06 | -5.71 | -3.19 | -6.16 | -8.58 | 4,194.88 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 37.57 | |
| Open | 37.93 | |
| High | 38.16 | |
| Low | 37.52 | |
| Volume | 1,484,365 | |
| Change | -0.33 | |
| Change % | -0.87 | |
| Avg Volume (20 Days) | 2,087,001 | |
| Volume/Avg Volume (20 Days) Ratio | 0.71 | |
| 52 Week Range | 32.52 - 41.03 | |
| Price vs 52 Week High | -8.43% | |
| Price vs 52 Week Low | 15.53% | |
| Range | 0.29 | |
| Gap Up/Down | -0.97 | |
Fundamentals | ||
| Market Capitalization (Mln) | 39,321 | |
| EBIDTA | 9,601,000,448 | |
| PE Ratio | 17.8500 | |
| PEG Ratio | 0.7531 | |
| WallStreet Target Price | 44.01 | |
| Book Value | 26.0760 | |
| Earnings Per Share | 2.0000 | |
| EPS Estimate Current Quarter | 0.8200 | |
| EPS Estimate Next Quarter | 0.8200 | |
| EPS Estimate Current Year | 3.0100 | |
| EPS Estimate Next Year | 3.1800 | |
| Diluted EPS (TTM) | 2.0000 | |
| Revenues | ||
| Profit Marging | 0.1834 | |
| Operating Marging (TTM) | 0.5374 | |
| Return on asset (TTM) | 0.0356 | |
| Return on equity (TTM) | 0.0839 | |
| Revenue TTM | 15,934,000,128 | |
| Revenue per share TTM | 15.4700 | |
| Quarterly Revenue Growth (YOY) | 0.6720 | |
| Quarterly Earnings Growth (YOY) | -0.7330 | |
| Gross Profit (TTM) | 9,612,000,000 | |
| Dividends | ||
| Dividend Share | 3.7200 | |
| Dividend Yield | 0.0792 | |
| Valuations | ||
| Trailing PE | 17.8500 | |
| Forward PE | 11.8343 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.8958 | |
| Revenue Enterprise Value | 5.2276 | |
| EBITDA Enterprise Value | 8.8897 | |
| Shares | ||
| Shares Outstanding | 1,037,489,984 | |
| Shares Float | 1,036,149,470 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.04 | |
| Institutions (%) | 79.07 | |
06/29 06:15 EST - investorplace.com
Buffett's Next Big Buy? 3 Value Stocks Warren Could Scoop Up Soon
Warren Buffett is widely known as one of the best value investors of all time. However, there is more that goes on in his thought process than just value.
Buffett's Next Big Buy? 3 Value Stocks Warren Could Scoop Up Soon
Warren Buffett is widely known as one of the best value investors of all time. However, there is more that goes on in his thought process than just value.
06/07 07:05 EST - seekingalpha.com
A Simple $1 Million Passive Income Portfolio For Retirement
Warren Buffett once opined on how to live off of dividends in retirement. We discuss a simple way to follow his advice on this. We also share how to further enhance the yield on this portfolio while still generating strong dividend growth and keeping risk low.
A Simple $1 Million Passive Income Portfolio For Retirement
Warren Buffett once opined on how to live off of dividends in retirement. We discuss a simple way to follow his advice on this. We also share how to further enhance the yield on this portfolio while still generating strong dividend growth and keeping risk low.
06/06 03:44 EST - proactiveinvestors.co.uk
Tower Resources gets working capital injection as CEO invests
Tower Resources PLC (AIM:TRP) has notified investors of a £137,500 investment in the company, including its chief executive Jeremy Asher. Via subscription some 1.195 million shares priced at 0.0115p, a 4% discount, are being bought by Asher and another investor.
Tower Resources gets working capital injection as CEO invests
Tower Resources PLC (AIM:TRP) has notified investors of a £137,500 investment in the company, including its chief executive Jeremy Asher. Via subscription some 1.195 million shares priced at 0.0115p, a 4% discount, are being bought by Asher and another investor.
06/05 10:05 EST - zacks.com
TC Energy's (TRP) Liquids Pipeline Spin-Off Creates New Player
TC Energy (TRP) spins off its liquids pipeline business to reduce debt and focus on natural gas.
TC Energy's (TRP) Liquids Pipeline Spin-Off Creates New Player
TC Energy (TRP) spins off its liquids pipeline business to reduce debt and focus on natural gas.
06/05 03:25 EST - seekingalpha.com
Canadian Preferred Shares To Buy Before The Expected Bank of Canada Rate Cuts Trigger FOMO
Preferred shares of Enbridge and other select Canadian utilities and infrastructure companies are expected to perform strongly over the next 6 to 12 months. The Bank of Canada will likely cut interest rates for the first time on June 5th or July 24th, creating an opportunity to invest in fixed dividend preferred shares that could trigger FOMO. After reset, dividends paid by preferred shares of Enbridge Inc., ENB.PR.Y:CA and ENB.PF.A:CA, will increase by 54% and 41.2%, respectively.
Canadian Preferred Shares To Buy Before The Expected Bank of Canada Rate Cuts Trigger FOMO
Preferred shares of Enbridge and other select Canadian utilities and infrastructure companies are expected to perform strongly over the next 6 to 12 months. The Bank of Canada will likely cut interest rates for the first time on June 5th or July 24th, creating an opportunity to invest in fixed dividend preferred shares that could trigger FOMO. After reset, dividends paid by preferred shares of Enbridge Inc., ENB.PR.Y:CA and ENB.PF.A:CA, will increase by 54% and 41.2%, respectively.
06/04 17:00 EST - globenewswire.com
TC Energy shareholders approve spinoff of South Bow and elect Board of Directors at the 2024 annual and special meeting
CALGARY, Alberta, June 04, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce today that its shareholders voted to approve the spinoff of the Company's Liquids Pipelines business and elected TC Energy's Board of Directors at its 2024 annual and special meeting of shareholders.
TC Energy shareholders approve spinoff of South Bow and elect Board of Directors at the 2024 annual and special meeting
CALGARY, Alberta, June 04, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce today that its shareholders voted to approve the spinoff of the Company's Liquids Pipelines business and elected TC Energy's Board of Directors at its 2024 annual and special meeting of shareholders.
06/03 06:11 EST - proactiveinvestors.co.uk
Tower Resources highlights progress in Cameroon and Namibia in full-year results
Tower Resources PLC (AIM:TRP), the Africa-focused energy company, highlighted key operational updates in Cameroon and Namibia in its full-year results for the 12 months ending 31 December. In Cameroon, Tower Resources has applied for a one-year extension of the initial exploration period of its Production Sharing Contract (PSC) following positive discussions with Cameroon's Minister of Mines, Industry and Technological Development.
Tower Resources highlights progress in Cameroon and Namibia in full-year results
Tower Resources PLC (AIM:TRP), the Africa-focused energy company, highlighted key operational updates in Cameroon and Namibia in its full-year results for the 12 months ending 31 December. In Cameroon, Tower Resources has applied for a one-year extension of the initial exploration period of its Production Sharing Contract (PSC) following positive discussions with Cameroon's Minister of Mines, Industry and Technological Development.
05/30 07:05 EST - seekingalpha.com
Buy The Dip: 2 Big Dividend Stocks Getting Way Too Cheap
The high-yield space has recovered somewhat recently. However, there are still numerous compelling opportunities that are trading way below their highs. We share two of some of our favorite opportunities of the moment in this article.
Buy The Dip: 2 Big Dividend Stocks Getting Way Too Cheap
The high-yield space has recovered somewhat recently. However, there are still numerous compelling opportunities that are trading way below their highs. We share two of some of our favorite opportunities of the moment in this article.
05/27 08:10 EST - seekingalpha.com
Buy These Smart 5-7% Yields While The Market Chases Growth
Dell Technologies and Nvidia have seen significant capital appreciation over the past year. However, strong rallies don't last forever, and many high expectations have already been baked into those stocks. Instead, investors could consider undervalued stocks like TC Energy and VICI Properties, which offer high dividends and steady long-term growth potential, giving investors opportunity to dollar cost average.
Buy These Smart 5-7% Yields While The Market Chases Growth
Dell Technologies and Nvidia have seen significant capital appreciation over the past year. However, strong rallies don't last forever, and many high expectations have already been baked into those stocks. Instead, investors could consider undervalued stocks like TC Energy and VICI Properties, which offer high dividends and steady long-term growth potential, giving investors opportunity to dollar cost average.
05/20 01:09 EST - https://www.defenseworld.net
Zacks Research Weighs in on TC Energy Co.’s Q2 2024 Earnings (TSE:TRP)
TC Energy Co. (TSE:TRP – Free Report) (NYSE:TRP) – Equities research analysts at Zacks Research cut their Q2 2024 earnings per share estimates for shares of TC Energy in a report released on Thursday, May 16th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $1.52 for the quarter, down from their prior estimate of $1.59. The consensus estimate for TC Energy’s current full-year earnings is $4.21 per share. Zacks Research also issued estimates for TC Energy’s Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $4.27 EPS, Q2 2025 earnings at $1.65 EPS, FY2025 earnings at $4.25 EPS and Q1 2026 earnings at $1.15 EPS. Several other analysts also recently commented on the stock. National Bankshares raised their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group increased their target price on TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. TD Securities boosted their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Barclays increased their price objective on shares of TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Finally, Scotiabank lifted their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus price target of C$54.50. Get Our Latest Analysis on TRP TC Energy Price Performance TSE TRP opened at C$52.95 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 163.01. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$55.91. The stock has a market cap of C$55.07 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.26 and a beta of 0.74. The company’s 50 day moving average is C$52.08 and its two-hundred day moving average is C$52.06. TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.31%. Insider Activity at TC Energy In related news, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of C$54.48 per share, with a total value of C$40,860.00. In other news, Director Alexis A.J. Hudy bought 875 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the transaction, the director now directly owns 875 shares in the company, valued at approximately C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of C$54.48 per share, with a total value of C$40,860.00. Insiders acquired a total of 4,526 shares of company stock worth $248,609 in the last quarter. 0.04% of the stock is owned by company insiders. TC Energy Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Friday, June 28th. TC Energy’s dividend payout ratio is currently 146.56%. About TC Energy (Get Free Report) 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.
Zacks Research Weighs in on TC Energy Co.’s Q2 2024 Earnings (TSE:TRP)
TC Energy Co. (TSE:TRP – Free Report) (NYSE:TRP) – Equities research analysts at Zacks Research cut their Q2 2024 earnings per share estimates for shares of TC Energy in a report released on Thursday, May 16th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $1.52 for the quarter, down from their prior estimate of $1.59. The consensus estimate for TC Energy’s current full-year earnings is $4.21 per share. Zacks Research also issued estimates for TC Energy’s Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $4.27 EPS, Q2 2025 earnings at $1.65 EPS, FY2025 earnings at $4.25 EPS and Q1 2026 earnings at $1.15 EPS. Several other analysts also recently commented on the stock. National Bankshares raised their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group increased their target price on TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. TD Securities boosted their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Barclays increased their price objective on shares of TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Finally, Scotiabank lifted their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus price target of C$54.50. Get Our Latest Analysis on TRP TC Energy Price Performance TSE TRP opened at C$52.95 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 163.01. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$55.91. The stock has a market cap of C$55.07 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.26 and a beta of 0.74. The company’s 50 day moving average is C$52.08 and its two-hundred day moving average is C$52.06. TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.31%. Insider Activity at TC Energy In related news, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of C$54.48 per share, with a total value of C$40,860.00. In other news, Director Alexis A.J. Hudy bought 875 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the transaction, the director now directly owns 875 shares in the company, valued at approximately C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of C$54.48 per share, with a total value of C$40,860.00. Insiders acquired a total of 4,526 shares of company stock worth $248,609 in the last quarter. 0.04% of the stock is owned by company insiders. TC Energy Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Friday, June 28th. TC Energy’s dividend payout ratio is currently 146.56%. About TC Energy (Get Free Report) 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.
05/20 01:09 EST - https://www.defenseworld.net
TC Energy Co. (NYSE:TRP) Expected to Earn Q2 2024 Earnings of $0.59 Per Share
TC Energy Co. (NYSE:TRP – Free Report) (TSE:TRP) – Equities researchers at Zacks Research cut their Q2 2024 earnings estimates for shares of TC Energy in a research note issued to investors on Thursday, May 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.63. The consensus estimate for TC Energy’s current full-year earnings is $2.98 per share. Zacks Research also issued estimates for TC Energy’s Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.75 EPS, Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.69 EPS and FY2025 earnings at $2.86 EPS. TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. TC Energy had a net margin of 17.23% and a return on equity of 17.94%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.93 billion. TRP has been the subject of a number of other research reports. Barclays increased their target price on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. TheStreet raised shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group lifted their target price on shares of TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group began coverage on shares of TC Energy in a research report on Tuesday, February 27th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.83. Get Our Latest Research Report on TRP TC Energy Stock Performance NYSE:TRP opened at $38.91 on Monday. The company has a market cap of $38.91 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.26 and a beta of 0.75. The firm’s 50 day moving average is $38.22 and its two-hundred day moving average is $38.43. TC Energy has a fifty-two week low of $32.51 and a fifty-two week high of $41.85. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.64. Institutional Trading of TC Energy A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Canoe Financial LP boosted its holdings in shares of TC Energy by 781.8% during the fourth quarter. Canoe Financial LP now owns 704,176 shares of the pipeline company’s stock valued at $27,526,000 after acquiring an additional 624,316 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of TC Energy by 29,994.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 309,376 shares of the pipeline company’s stock worth $12,094,000 after acquiring an additional 308,348 shares during the period. Addenda Capital Inc. lifted its position in TC Energy by 2.5% in the 4th quarter. Addenda Capital Inc. now owns 1,089,146 shares of the pipeline company’s stock valued at $42,575,000 after purchasing an additional 26,711 shares during the last quarter. Morgan Stanley boosted its stake in TC Energy by 42.5% during the 3rd quarter. Morgan Stanley now owns 6,821,231 shares of the pipeline company’s stock valued at $234,719,000 after purchasing an additional 2,034,846 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its position in TC Energy by 7.9% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,690,521 shares of the pipeline company’s stock worth $66,082,000 after purchasing an additional 124,100 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds. TC Energy Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 7.30%. TC Energy’s payout ratio is currently 145.88%. TC Energy Company Profile (Get Free Report) 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. See Also Five stocks we like better than TC Energy Options Trading – Understanding Strike Price MarketBeat Week in Review – 5/13 – 5/17 Investing in the High PE Growth Stocks Take-Two Interactive Software Offers 2nd Chance for Investors ETF Screener: Uses and Step-by-Step Guide Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
TC Energy Co. (NYSE:TRP) Expected to Earn Q2 2024 Earnings of $0.59 Per Share
TC Energy Co. (NYSE:TRP – Free Report) (TSE:TRP) – Equities researchers at Zacks Research cut their Q2 2024 earnings estimates for shares of TC Energy in a research note issued to investors on Thursday, May 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.63. The consensus estimate for TC Energy’s current full-year earnings is $2.98 per share. Zacks Research also issued estimates for TC Energy’s Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.75 EPS, Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.69 EPS and FY2025 earnings at $2.86 EPS. TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. TC Energy had a net margin of 17.23% and a return on equity of 17.94%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.93 billion. TRP has been the subject of a number of other research reports. Barclays increased their target price on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. TheStreet raised shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group lifted their target price on shares of TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group began coverage on shares of TC Energy in a research report on Tuesday, February 27th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.83. Get Our Latest Research Report on TRP TC Energy Stock Performance NYSE:TRP opened at $38.91 on Monday. The company has a market cap of $38.91 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.26 and a beta of 0.75. The firm’s 50 day moving average is $38.22 and its two-hundred day moving average is $38.43. TC Energy has a fifty-two week low of $32.51 and a fifty-two week high of $41.85. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.64. Institutional Trading of TC Energy A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Canoe Financial LP boosted its holdings in shares of TC Energy by 781.8% during the fourth quarter. Canoe Financial LP now owns 704,176 shares of the pipeline company’s stock valued at $27,526,000 after acquiring an additional 624,316 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of TC Energy by 29,994.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 309,376 shares of the pipeline company’s stock worth $12,094,000 after acquiring an additional 308,348 shares during the period. Addenda Capital Inc. lifted its position in TC Energy by 2.5% in the 4th quarter. Addenda Capital Inc. now owns 1,089,146 shares of the pipeline company’s stock valued at $42,575,000 after purchasing an additional 26,711 shares during the last quarter. Morgan Stanley boosted its stake in TC Energy by 42.5% during the 3rd quarter. Morgan Stanley now owns 6,821,231 shares of the pipeline company’s stock valued at $234,719,000 after purchasing an additional 2,034,846 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its position in TC Energy by 7.9% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,690,521 shares of the pipeline company’s stock worth $66,082,000 after purchasing an additional 124,100 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds. TC Energy Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 7.30%. TC Energy’s payout ratio is currently 145.88%. TC Energy Company Profile (Get Free Report) 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. See Also Five stocks we like better than TC Energy Options Trading – Understanding Strike Price MarketBeat Week in Review – 5/13 – 5/17 Investing in the High PE Growth Stocks Take-Two Interactive Software Offers 2nd Chance for Investors ETF Screener: Uses and Step-by-Step Guide Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
05/17 07:15 EST - seekingalpha.com
Invest $100,000 In A 7.2%-Yielding Dividend Snowball Portfolio
Charlie Munger once said that saving $100,000 is a crucial first step towards financial independence. We discuss why this is and share a method for how to invest $100,000 once you reach that milestone. We share five funds and six stocks that can provide long-term, low-maintenance lucrative passive income and growth.
Invest $100,000 In A 7.2%-Yielding Dividend Snowball Portfolio
Charlie Munger once said that saving $100,000 is a crucial first step towards financial independence. We discuss why this is and share a method for how to invest $100,000 once you reach that milestone. We share five funds and six stocks that can provide long-term, low-maintenance lucrative passive income and growth.
05/17 04:56 EST - fool.com
Want $2,000 in Annual Dividends? Invest $30,000 in These 3 Stocks
Realty Income is a diversified real estate investment trust which has a high occupancy rate of nearly 99%. TC Energy is a pipeline giant with a mammoth 7.2% dividend yield.
Want $2,000 in Annual Dividends? Invest $30,000 in These 3 Stocks
Realty Income is a diversified real estate investment trust which has a high occupancy rate of nearly 99%. TC Energy is a pipeline giant with a mammoth 7.2% dividend yield.
05/15 17:00 EST - globenewswire.com
TC Energy to appeal Delaware court rulings in lawsuit related to 2016 Columbia Pipeline acquisition
CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) strongly disagrees with the final decision issued today by the Delaware Chancery Court (the “Court”) allocating liability for earlier determined damages in an ongoing class action lawsuit related to TC Energy's 2016 acquisition of Columbia Pipeline Group Inc. ("Columbia"). The Court previously held, in a decision issued in June 2023, that the former CEO and CFO of Columbia breached their fiduciary duties to Columbia stockholders and that TC Energy aided and abetted those breaches. TC Energy believes the Court made material errors of fact and law in its decisions and will appeal the determinations to the Delaware Supreme Court.
TC Energy to appeal Delaware court rulings in lawsuit related to 2016 Columbia Pipeline acquisition
CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) strongly disagrees with the final decision issued today by the Delaware Chancery Court (the “Court”) allocating liability for earlier determined damages in an ongoing class action lawsuit related to TC Energy's 2016 acquisition of Columbia Pipeline Group Inc. ("Columbia"). The Court previously held, in a decision issued in June 2023, that the former CEO and CFO of Columbia breached their fiduciary duties to Columbia stockholders and that TC Energy aided and abetted those breaches. TC Energy believes the Court made material errors of fact and law in its decisions and will appeal the determinations to the Delaware Supreme Court.
05/14 12:44 EST - reuters.com
Canada's energy regulator orders reduction in pressure on TC Energy's NGTL pipeline
The Canada Energy Regulator (CER) on Tuesday said it had issued an order to TC Energy's NOVA Gas Transmission Ltd (NGTL) to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.
Canada's energy regulator orders reduction in pressure on TC Energy's NGTL pipeline
The Canada Energy Regulator (CER) on Tuesday said it had issued an order to TC Energy's NOVA Gas Transmission Ltd (NGTL) to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.
05/10 07:00 EST - seekingalpha.com
How To Build An 8% Yielding SWAN Portfolio With 10 Blue Chips
High-yield dividend investing is a popular retirement strategy for its steady income, lower volatility, and potential to outperform the market. JPMorgan Equity Premium Income ETF offers an 8% yield but lacks dividend growth. Over a standard retirement, inflation is expected to be more than 100%. By combining JEPI with a portfolio of 10 blue-chip stocks yielding 7%, investors can achieve an 8% yield with stronger long-term dividend growth potential.
How To Build An 8% Yielding SWAN Portfolio With 10 Blue Chips
High-yield dividend investing is a popular retirement strategy for its steady income, lower volatility, and potential to outperform the market. JPMorgan Equity Premium Income ETF offers an 8% yield but lacks dividend growth. Over a standard retirement, inflation is expected to be more than 100%. By combining JEPI with a portfolio of 10 blue-chip stocks yielding 7%, investors can achieve an 8% yield with stronger long-term dividend growth potential.
05/08 06:02 EST - reuters.com
TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf
TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up.
TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf
TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up.
05/08 02:54 EST - seekingalpha.com
Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?
Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?
Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?
Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?
05/07 09:26 EST - zacks.com
TC Energy (TRP) Q1 Earnings Increase Y/Y, Sales Beat Estimates
TC Energy (TRP) expects capital expenditures and comparable EBITDA to be in the band of C$8.0-C$8.5 billion and C$11.2-C$11.5 billion, respectively, for 2024.
TC Energy (TRP) Q1 Earnings Increase Y/Y, Sales Beat Estimates
TC Energy (TRP) expects capital expenditures and comparable EBITDA to be in the band of C$8.0-C$8.5 billion and C$11.2-C$11.5 billion, respectively, for 2024.
05/05 18:00 EST - seekingalpha.com
TC Energy: Underperformance Closes Valuation Gap With Enbridge
TRP reported strong Q1-2024 earnings, beating consensus estimates with adjusted EBITDA of $3.09 billion. Natural Gas segment performed exceptionally well, but the company just maintained its adjusted EBITDA guidance for the year. We examine the setup and tell you how we played it.
TC Energy: Underperformance Closes Valuation Gap With Enbridge
TRP reported strong Q1-2024 earnings, beating consensus estimates with adjusted EBITDA of $3.09 billion. Natural Gas segment performed exceptionally well, but the company just maintained its adjusted EBITDA guidance for the year. We examine the setup and tell you how we played it.