TC Energy
About: TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.
Employees: 7,415
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
72% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 54
20% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 24 (+4) [Q3]
20% more capital invested
Capital invested by funds: $30.4B [Q2] → $36.3B (+$5.96B) [Q3]
8% more funds holding
Funds holding: 518 [Q2] → 557 (+39) [Q3]
2.36% less ownership
Funds ownership: 76.64% [Q2] → 74.27% (-2.36%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 203
65% less call options, than puts
Call options by funds: $249M | Put options by funds: $711M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$42
8%
downside
Avg. target
$56
22%
upside
High target
$70
53%
upside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
BMO Capital Ben Pham 75% 1-year accuracy 3 / 4 met price target | 53%upside $70 | Market Perform Maintained | 20 Nov 2024 |
Goldman Sachs John Mackay 77% 1-year accuracy 17 / 22 met price target | 8%downside $42 | Sell Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 7 articles about TRP published over the past 30 days
Positive
Seeking Alpha
13 hours ago
Why TC Energy Is A Must-Have For Income And Growth Investors
TC Energy remains a high-quality pick for income, value, and growth, driven by its strong focus on natural gas infrastructure post South Bow spin-off. TRP's robust financial results, disciplined capital allocation, and reduced capital expenditure estimates highlight its operational efficiency and financial flexibility. With a 5.1% dividend yield and commitment to 3-5% annual dividend growth, TRP is attractive for income-focused investors.
Positive
Seeking Alpha
5 days ago
I Am Loading Up On These 2 High-Flying High-Yield Sectors For 2025
AI stocks have dominated the markets over the past few years. However, there are a few other sectors that have also shined over the past few years. I share two high-flying big dividend sectors that, I think, will continue to outperform in 2025.
Negative
Zacks Investment Research
2 weeks ago
TC Energy Exits North Dakota's $2 Billion Carbon Capture Project
TRP's exit from Project Tundra, a $2 billion project aimed at capturing CO2 emissions from a North Dakota coal plant, raises concerns about the future.
Neutral
GlobeNewsWire
2 weeks ago
TC Energy provides conversion right and dividend rate notice for Series 1 and 2 preferred shares
CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) and Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) on Dec. 31, 2024. As a result, subject to certain conditions:
Positive
Zacks Investment Research
2 weeks ago
TC Energy to Receive C$199M for Coastal GasLink Pipeline Project
TRP announces that it will receive a C$199 million commercial milestone payment for the company's Coastal GasLink pipeline project.
Positive
Zacks Investment Research
3 weeks ago
TC Energy & Hanwha Join Forces to Create Carbon-Free Power
TRP & Hanwha Power Systems partners on an innovative sCO2 project to capture waste heat from natural gas and convert it into renewable energy.
Positive
Seeking Alpha
3 weeks ago
Pipelines Of Prosperity: TC Energy's 4.8% Yield Is Just The Beginning
TC Energy Corporation offers a compelling 4.8% dividend yield, benefiting from rising global natural gas demand and North America's growing LNG exports. The company's extensive North American pipeline network and regulated contracts ensure stable revenue, minimizing natural gas price risks. Disciplined capital allocation and an improving balance sheet enhance sustainability, with no need for new equity issuance.
Negative
Zacks Investment Research
1 month ago
TRP Revises Plan to Sale NGTL System Stake to Indigenous Communities
TC Energy's plan to sell a stake in its western Canadian gas pipeline to Indigenous communities faces delays, with the deal possibly changing from original design.
Positive
Seeking Alpha
1 month ago
The Higher They Soar, The More I Buy
My favorite sector has performed extremely well in recent years. However, despite the incredible run it has been on, I think now is the best time yet to buy it. I share why and some of my top picks of the moment in the sector.
Neutral
Zacks Investment Research
1 month ago
TC Energy Forecasts Growth With C$1.5B Projects and Higher 2025 EBITDA
TRP expects a strong FY2025 outlook due to rising natural gas demand and strategic investments in key growth projects.
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