TC Energy (NYSE:TRP) Stock Rating Cut to Sell at Wall Street Zen

TC Energy (NYSE:TRP) (TSE:TRP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

TRP has been the topic of several other research reports. Barclays reissued an “overweight” rating on shares of TC Energy in a report on Thursday, July 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of TC Energy in a research report on Wednesday, September 16th. Royal Bank Of Canada reissued a “moderate buy” rating and set a $106.00 price objective on shares of TC Energy in a report on Friday, September 11th. BMO Capital Markets reissued an “outperform” rating and issued a $99.00 price objective on shares of TC Energy in a research report on Friday, July 31st. Finally, Jefferies Financial Group raised TC Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.75.

TC Energy Stock Performance

TRP opened at $61.95 on Friday. TC Energy has a 1 year low of $50.72 and a 1 year high of $71.47. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64. The stock’s 50 day simple moving average is $61.34 and its 200-day simple moving average is $63.84. The stock has a market cap of $61.95 billion, a PE ratio of 23.92 and a beta of 0.64.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, November 5th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.79 billion. TC Energy had a return on equity of 11.10% and a net margin of 22.91%. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Sell-side analysts forecast that TC Energy will post 2.79 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Groupe la Francaise raised its position in shares of TC Energy by 2.1% during the first quarter. Groupe la Francaise now owns 7,352 shares of the pipeline company’s stock worth $459,000 after purchasing an additional 154 shares during the period. Ritholtz Wealth Management increased its stake in shares of TC Energy by 0.9% during the third quarter. Ritholtz Wealth Management now owns 23,202 shares of the pipeline company’s stock valued at $1,341,000 after purchasing an additional 210 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of TC Energy by 1.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,946 shares of the pipeline company’s stock valued at $1,519,000 after buying an additional 257 shares in the last quarter. Louisbourg Investments Inc. grew its stake in TC Energy by 3.0% in the third quarter. Louisbourg Investments Inc. now owns 11,421 shares of the pipeline company’s stock worth $663,000 after purchasing an additional 329 shares in the last quarter. Finally, Cohen Investment Advisors LLC lifted its holdings in shares of TC Energy by 3.7% in the 3rd quarter. Cohen Investment Advisors LLC now owns 9,212 shares of the pipeline company’s stock valued at $535,000 after buying an additional 332 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting TC Energy

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

• Positive Sentiment: Third-quarter EPS of $0.67 beat the $0.64 consensus, while revenue of $2.88 billion exceeded estimates of $2.79 billion. TC Energy Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: TC Energy raised its 2026 profit outlook, extended its outlook through 2031, and announced about C$3 billion in new pipeline growth projects. Stronger guidance and planned investment may support future earnings growth. TC Energy raises 2026 profit outlook and announces projects
• Positive Sentiment: The company declared a quarterly dividend of C$0.88 per share, equivalent to an indicated annualized yield of about 5.6%, which may appeal to income-focused investors.
• Positive Sentiment: Management plans to unveil a further NGTL expansion proposal in December, adding a potential source of future pipeline investment and growth. TC Energy to unveil NGTL expansion plan
• Neutral Sentiment: Despite the favorable earnings and outlook news, TRP was lower in the supplied trading snapshot. The provided coverage does not point to a clear company-specific negative headline explaining the decline.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas and liquids pipelines, natural gas storage facilities, and power-generation assets. Its services help transport and store energy for producers, utilities, businesses, and consumers.

The company’s pipeline network spans Canada, the United States, and Mexico. Its power-generation portfolio includes an interest in Bruce Power, which operates a nuclear generating station in Ontario.

Founded as TransCanada Corporation, the company adopted the TC Energy name in 2019.