TC Energy (TSE:TRP) Price Target Raised to C$103.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by equities research analysts at National Bank Financial from C$102.00 to C$103.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 8.64% from the company’s previous close.

Other research analysts also recently issued reports about the company. ATB Cormark Capital Markets lifted their price target on TC Energy from C$87.00 to C$92.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective for the company. in a research note on Wednesday, June 10th. Scotiabank lifted their target price on TC Energy from C$97.00 to C$105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. TD set a C$98.00 price target on shares of TC Energy and gave the company a “hold” rating in a research report on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$94.64.

TC Energy Stock Down 0.5%

Shares of TSE TRP traded down C$0.50 during midday trading on Friday, reaching C$94.81. 526,104 shares of the company’s stock traded hands, compared to its average volume of 5,005,519. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. The stock’s 50 day simple moving average is C$96.19 and its 200-day simple moving average is C$89.13. TC Energy has a one year low of C$64.91 and a one year high of C$100.18. The company has a market cap of C$98.77 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 1.69 and a beta of 0.69.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. The company had revenue of C$3.96 billion for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. On average, analysts predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Activity

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of TC Energy stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. 0.03% of the stock is currently owned by company insiders.

Trending Headlines about TC Energy

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

• Positive Sentiment: TC Energy exceeded second-quarter earnings expectations. The company reported C$0.94 in EPS and C$3.96 billion in revenue, with comparable earnings and revenue rising year over year. The results point to continued strength in its regulated pipeline and energy infrastructure operations. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects TC Energy Q2 Comparable Earnings, Revenue Rise
• Positive Sentiment: The company approved approximately $500 million in pipeline expansion projects. The investments could support future growth and improve long-term cash-flow visibility, which is particularly important for an infrastructure company with significant capital requirements. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy earnings forecasts across multiple periods. Estimates increased for Q2 and Q3 2026, Q4 2026, full-year 2026, and 2027–2028. The firm now forecasts FY2026 EPS of $3.71, FY2027 EPS of $3.89 and FY2028 EPS of $3.99, versus previous estimates of $3.50, $3.64 and $3.69, respectively. The revisions signal greater confidence in the company’s earnings trajectory.
• Neutral Sentiment: Despite the favorable news, shares traded lower. The muted market reaction suggests investors may have already anticipated a strong quarter, or may be weighing TC Energy’s relatively high leverage and valuation against its improved growth outlook. The reported current ratio of 0.65 and debt-to-equity ratio above 200 also remain considerations for income-oriented investors.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.