TC Energy Corporation [TRP] moved down -0.68: Why It’s Important

TC Energy Corporation [NYSE: TRP] stock went on a downward path that fall over -0.68% on Thursday, amounting to a one-week price decrease of less than -0.88%. The company report on January 11, 2024 at 4:10 PM that Made-in-Ontario Pumped Storage will enhance province’s energy supply mix.

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Over the last 12 months, TRP stock dropped by -3.48%. The one-year TC Energy Corporation stock forecast points to a potential downside of -1.29. The average equity rating for TRP stock is currently 2.52, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $40.83 billion, with 1.04 billion shares outstanding and 1.04 billion shares in the current float. Compared to the average trading volume of 2.57M shares, TRP stock reached a trading volume of 3085650 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on TC Energy Corporation [TRP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRP shares is $38.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRP stock is a recommendation set at 2.52. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for TC Energy Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 25, 2023.

The Average True Range (ATR) for TC Energy Corporation is set at 0.61, with the Price to Sales ratio for TRP stock in the period of the last 12 months amounting to 3.69. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 1.41.

TRP Stock Performance Analysis:

TC Energy Corporation [TRP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.88. With this latest performance, TRP shares gained by 2.31% in over the last four-week period, additionally sinking by -1.20% over the last 6 months – not to mention a drop of -3.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRP stock in for the last two-week period is set at 54.38, with the RSI for the last a single of trading hit 49.27, and the three-weeks RSI is set at 56.78 for TC Energy Corporation [TRP]. The present Moving Average for the last 50 days of trading for this stock 37.91, while it was recorded at 39.73 for the last single week of trading, and 38.10 for the last 200 days.

Insight into TC Energy Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and TC Energy Corporation [TRP] shares currently have an operating margin of +38.61 and a Gross Margin at +44.56. TC Energy Corporation’s Net Margin is presently recorded at +5.25.

Return on Total Capital for TRP is now 6.13, given the latest momentum, and Return on Invested Capital for the company is 0.91. Return on Equity for this stock inclined to 2.22, with Return on Assets sitting at 0.68. When it comes to the capital structure of this company, TC Energy Corporation [TRP] has a Total Debt to Total Equity ratio set at 172.79. Additionally, TRP Total Debt to Total Capital is recorded at 63.34, with Total Debt to Total Assets ending up at 51.36. Long-Term Debt to Equity for the company is recorded at 160.42, with the Long-Term Debt to Total Capital now at 54.48.

Reflecting on the efficiency of the workforce at the company, TC Energy Corporation [TRP] managed to generate an average of $100,040 per employee. Receivables Turnover for the company is 3.19 with a Total Asset Turnover recorded at a value of 0.13.TC Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.86.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TC Energy Corporation go to -2.80%.

TC Energy Corporation [TRP] Institutonal Ownership Details

The top three institutional holders of TRP stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TRP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TRP stock with ownership which is approximately 5.8325%.