TC Energy (NYSE:TRP) Reaches New 12-Month High – What’s Next?

Shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.97 and last traded at $65.85, with a volume of 668462 shares. The stock had previously closed at $63.96.

Key TC Energy News

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

• Positive Sentiment: Inclusion on a recent list of top infrastructure stocks (mentions a CIBC upgrade on April 23) provides some buy-side interest and narrative support for TRP as an income/infrastructure play. Article Title
• Neutral Sentiment: Consensus full‑year EPS remains around $2.78 despite the revisions, leaving overall analyst expectations intact for now even as individual firms trim forecasts.
• Negative Sentiment: US Capital Advisors issued a package of downward EPS revisions across multiple quarters and fiscal years (multiple notes issued April 27). Cuts include lower estimates for Q1–Q4 2026 quarters and reductions to FY2026, FY2027 and FY2028 numbers — e.g., FY2026 now ~ $2.47 (from $2.61 prior) and FY2027 trimmed to ~$2.62 (from $2.70). These lowered forecasts signal the analyst’s view of softer near‑term earnings drivers and are a headwind for the stock.
• Negative Sentiment: Unusual options activity: traders bought ~16,157 put contracts on Wednesday (a ~1,446% jump vs typical daily put volume). Heavy put buying can indicate increased hedging or directional bearish bets and may amplify downward pressure or volatility in the near term.

Analyst Ratings Changes

TRP has been the topic of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of TC Energy in a report on Tuesday, February 17th. BMO Capital Markets restated an “outperform” rating on shares of TC Energy in a report on Tuesday, February 17th. Weiss Ratings upgraded TC Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, April 21st. Wall Street Zen upgraded TC Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canadian Imperial Bank of Commerce upgraded TC Energy from a “neutral” rating to a “sector outperform” rating in a report on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.00.

TC Energy Stock Up 4.8%

The stock has a market capitalization of $69.86 billion, a price-to-earnings ratio of 28.85 and a beta of 0.69. The business has a fifty day moving average of $63.02 and a 200 day moving average of $57.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.56.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. TC Energy had a return on equity of 10.52% and a net margin of 23.04%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities analysts predict that TC Energy Corporation will post 2.78 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 dividend on an annualized basis and a yield of 5.2%. TC Energy’s dividend payout ratio is presently 108.62%.

Institutional Trading of TC Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC purchased a new stake in TC Energy in the first quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in TC Energy in the fourth quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in TC Energy in the fourth quarter valued at approximately $28,000. McIlrath & Eck LLC purchased a new stake in TC Energy in the fourth quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. raised its position in TC Energy by 100.0% in the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 297 shares during the period. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Company Profile

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.