TRP.TO - TC Energy Corporation

Toronto - Toronto Delayed Price. Currency in CAD
64.37
-0.42 (-0.65%)
At close: 4:00PM EDT
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Previous Close64.79
Open64.41
Bid64.34 x N/A
Ask64.27 x N/A
Day's Range64.11 - 65.29
52 Week Range47.90 - 67.15
Volume1,840,187
Avg. Volume2,097,832
Market Cap59.671B
Beta (3Y Monthly)1.21
PE Ratio (TTM)14.26
EPS (TTM)4.51
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & Yield3.00 (4.62%)
Ex-Dividend Date2019-09-27
1y Target Est69.06
  • Why This 4.7%-Yielding Dividend Stock Is a Great Long-Term Buy
    Motley Fool

    Why This 4.7%-Yielding Dividend Stock Is a Great Long-Term Buy

    TC Energy’s CEO lays out its investment case.

  • Reduce Your Portfolio’s Volatility With These 2 Top Dividend Stocks
    The Motley Fool

    Reduce Your Portfolio’s Volatility With These 2 Top Dividend Stocks

    Emera Inc (TSX:EMA) and TC Energy Corp (TSX:TRP) are two top stocks investors should buy if they are looking to add stability to their portfolio.

  • TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline
    The Canadian Press

    TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline

    CALGARY — One of the last major hurdles for the Keystone XL crude oil pipeline was removed on Friday by the Nebraska Supreme Court which rejected an attempt to force the developer to reapply for state approval.The court upheld the decision of regulators who voted in November 2017 to greenlight a route through the state. The court's decision was a victory for the US$8-billion project, which has been mired in lawsuits and regulatory hearings since it was proposed in 2008."The Supreme Court decision is another important step as we advance towards building this vital energy infrastructure project," said Russ Girling, CEO of the Calgary-based proponent of the line, TC Energy Corp., in a statement."We thank the thousands of government leaders, landowners, labour unions and other community partners for their continued support through this extensive review process. It has been their unwavering support that has advanced this project to where it is today."The expansion of the Keystone pipeline system, along with Enbridge Inc.'s Line 3 replacement pipeline and the recently approved Trans Mountain pipeline expansion, are being counted on by Canadian producers to allow production gains and help relieve a glut of trapped oil in the West.The Nebraska Public Service Commission voted 3-2 in favour of an "alternative route" for Keystone XL instead of TC Energy's preferred pathway for the pipeline.Lawyers for the opponents argued that TC Energy's application was only valid for its preferred route, and the company formerly known as TransCanada could only seek approval for one route at a time.The high court on Friday sided with the state, saying the Public Service Commission is the agency responsible for determining which pipeline route is in the public interest, and that it did so after months of consideration."We find there is sufficient evidence to support the PSC's determination that the (alternative route) is in the public interest," Justice Jeffrey Funke wrote for the court.If completed, the 1,897-kilometre pipeline would carry as much as 830,000 barrels of crude per day from Hardisty, Alta., through Montana, South Dakota and Nebraska, where it would connect to an existing pump station in Steele City, Neb.From there the oil would continue through Kansas, Oklahoma and Texas until it reaches Gulf Coast refineries."This court victory is another step forward for this vital pipeline project after far too many years of regulatory delays and hurdles," said Alberta Premier Jason Kenney in a statement on Friday.Last week, the province announced it would extend production caps on oil companies by a year, due in large part because the Enbridge Line 3 replacement project is being delayed by a year by permitting issues and legal wrangling in Minnesota.The curtailment program introduced by the previous NDP government is designed to draw down oil storage levels in Alberta to support local prices. It was intended to be phased out and cancelled by the end of 2019.Federal Natural Resources Minister Amarjeet Sohi also welcomed the Nebraska court decision, noting it means Keystone XL has secured approval from Canada and all three states along the pipeline's route."The project will bring significant economic benefits to both Canada and the U.S., and we look forward to construction moving forward to create opportunities for the hard-working women and men in our energy sector," he said in a statement.TC Energy has said it will miss the 2019 construction season, which means completion of the pipeline isn't expected until some time in 2021 — after the next U.S. presidential election — analyst Ian Gillies of GMP FirstEnergy pointed out in a report.It faces a challenge by environmental groups who asked a federal judge in Montana last month to review and cancel the U.S. Army Corps of Engineers approval of the project on the basis that the potential for oil spills and other damages were not adequately considered, Gillies added.President Barack Obama's administration studied the Keystone XL project for years before rejecting it in 2015 because of concerns about carbon pollution.President Donald Trump reversed that decision in March 2017 and reissued a presidential permit five months ago.— With files from The Associated Press Companies in this story: (TSX:TRP, TSX:ENB)Dan Healing, The Canadian Press

  • Is TC Energy Corporation's (TSE:TRP) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is TC Energy Corporation's (TSE:TRP) High P/E Ratio A Problem For Investors?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

  • 3 Stocks up +30% YTD That Are Still Hot Buys Today!
    The Motley Fool

    3 Stocks up +30% YTD That Are Still Hot Buys Today!

    TC Energy Corp (TSX:TRP)(NYSE:TRP) and these two other stocks have been off to great starts this year, and it's still not too late for investors to buy them and earn some solid returns.

  • Investors: 2 Top “Forever Assets” to Stash in Your TFSA Today
    The Motley Fool

    Investors: 2 Top “Forever Assets” to Stash in Your TFSA Today

    You can't beat TC Energy Corp (TSX:TRP)(NYSE:TRP) or Toronto-Dominion Bank (TSX:TD)(NYSE:TD) as long-term stalwarts for your portfolio.

  • 3 of the Most Surprising Stocks Halfway Through 2019
    The Motley Fool

    3 of the Most Surprising Stocks Halfway Through 2019

    Air Canada (TSX:AC)(TSX:AC.B), Canadian National Railway Company (TSX:CNR)(NYSE:CNI), and TC Energy Corp (TSX:TRP)(NYSE:TRP) are among the biggest surprises on the TSX so far in 2019. Investors can take advantage before the stocks rise to new highs.

  • 2 Top High-Yield TSX Index Dividend Stocks
    The Motley Fool

    2 Top High-Yield TSX Index Dividend Stocks

    TC Energy Corp. (TSX:TRP)(NYSE:TRP) and an oversold bank stock deserve to be on your dividend radar today.

  • 3 Growth Stocks Perfect for Your TFSA
    The Motley Fool

    3 Growth Stocks Perfect for Your TFSA

    For investors looking for strong capital gains, Lightspeed POS Inc (TSX:LSPD), TC Energy Corp. (TSX:TRP)(NYSE:TRP), and this other stock are exactly what you need.

  • Thomson Reuters StreetEvents

    Edited Transcript of TRP.TO earnings conference call or presentation 1-Aug-19 3:00pm GMT

    Q2 2019 TC Energy Corp Earnings Call

  • How Much is TC Energy Corporation's (TSE:TRP) CEO Getting Paid?
    Simply Wall St.

    How Much is TC Energy Corporation's (TSE:TRP) CEO Getting Paid?

    Russ Girling has been the CEO of TC Energy Corporation (TSE:TRP) since 2010. This report will, first, examine the CEO...

  • TransCanada Corporation (TRP) Q2 2019 Earnings Call Transcript
    Motley Fool

    TransCanada Corporation (TRP) Q2 2019 Earnings Call Transcript

    TRP earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    TC Energy declares quarterly dividends

    CALGARY, Alberta, Aug. 01, 2019 -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that the Board of Directors (Board) of TC.

  • GlobeNewswire

    TC Energy reports strong second quarter financial results

    TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for second quarter 2019 of $1.1 billion or $1.21 per share compared to net income of $785 million or $0.88 per share for the same period in 2018. Comparable earnings for second quarter 2019 were $924 million or $1.00 per common share compared to $768 million or $0.86 per common share in 2018. TC Energy's Board of Directors also declared a quarterly dividend of $0.75 per common share for the quarter ending September 30, 2019, equivalent to $3.00 per common share on an annualized basis.

  • TC Energy selling power plant assets to Ontario Power Generation for $2.87B
    The Canadian Press

    TC Energy selling power plant assets to Ontario Power Generation for $2.87B

    CALGARY — TC Energy Corp. says it is selling two Ontario natural gas-fired power plants and a 50 per cent interest in a third to a subsidiary of Ontario Power Generation Inc. for about $2.87 billion.The deal through its wholly owned subsidiary, TransCanada Energy Ltd., includes the 683-megawatt Halton Hills power plant, the 900-MW Napanee generating station (which is nearing completion) and TC Energy's 50 per cent interest in the 550-MW Portlands Energy Centre in Toronto.TC Energy CEO Russ Girling says the sales will deliver value for shareholders and fund the Calgary-based company's growth program.When combined with the earlier Coolidge, Northern Courier and U.S. Midstream asset sales, TC Energy now expects to realize approximately $6.3 billion from divestitures so far this year, it said.Ontario Power Generation CEO Ken Hartwick says the natural gas generation will play a role in maintaining system reliability for Ontario's largest electricity generator as intermittent wind and solar generation is added.OPG says it struck a deal earlier this year to buy the 50 per cent interest it didn't already own in the 560-MW combined-cycle natural gas-fired Brighton Beach Generating Station from Calgary-based Canadian Utilities Ltd.The TC Energy transaction is expected to close in late 2019 subject to regulatory approvals and Napanee reaching commercial operations. Companies in this article: (TSX:TRP) The Canadian Press

  • GlobeNewswire

    TC Energy reaches agreement to sell Ontario natural gas-fired power plants for $2.87 billion

    TC Energy Corporation (TRP.TO) (TRP) (TC Energy) announced today that it has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Ltd., to sell interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation Inc., for approximately $2.87 billion. The facilities include the 683-megawatt Halton Hills power plant, the 900-megawatt Napanee generating station which is nearing completion and TC Energy’s 50 per cent interest in the 550-megawatt Portlands Energy Centre. “The sale of these facilities is part of our ongoing efforts to maximize value for our shareholders and fund our industry-leading secured growth program in a disciplined manner,” said Russ Girling, TC Energy President and Chief Executive Officer.

  • Appeal of NEB pipeline jurisdiction decision 'highly probable': B.C. activist
    The Canadian Press

    Appeal of NEB pipeline jurisdiction decision 'highly probable': B.C. activist

    CALGARY — B.C. environmental activist Mike Sawyer says it's "highly probable" he will appeal a National Energy Board ruling that a pipeline designed to deliver natural gas to the $40-billion LNG Canada project falls under provincial, not federal, jurisdiction.The NEB ruled Friday against Sawyer's application which contended the $6.2-billion Coastal GasLink project proposed by TC Energy Corp. falls under federal jurisdiction because it will connect with the Nova Gas Transmission Ltd. pipeline system of northeastern B.C. and northwestern Alberta and therefore crosses a provincial boundary.The NEB found that the pipeline is not under its jurisdiction because it does not form a part of the Nova system and is not "vital or integral" to it or any other federally regulated pipeline.It said Coastal GasLink, a 670-kilometre conduit currently under construction, is properly authorized and regulated by the British Columbia Oil and Gas Commission. The line is to bring gas from the Groundbirch area of British Columbia to LNG Canada’s export terminal near Kitimat, B.C.Sawyer says he is in discussions with his lawyer about whether to appeal the decision to the Federal Court of Appeal, as he did after the NEB made a similar decision on the Prince Rupert Gas Transmission pipeline that was to supply the Pacific NorthWest LNG project.In that case, the appeal court sent the ruling back to the NEB for reconsideration in 2017, but the question was left unanswered when the LNG project and its pipeline were abandoned.In a brief statement on its website, Coastal GasLink said it is "pleased" with the NEB ruling. Companies in this story: (TSX:TRP)The Canadian Press

  • The Motley Fool

    Forget Canopy Growth (TSX:WEED): This 1 Stock Has Dividend AND Growth Potential

    Despite being one of Canada’s largest pipeline companies, many investors have not heard of TC Energy (TSX:TRP)(NYSE:TRP) in part due to its name change from TransCanada Corporation earlier this year.

  • Passive Income Investors: 3 Dividend Stocks Yielding Up to 6%
    The Motley Fool

    Passive Income Investors: 3 Dividend Stocks Yielding Up to 6%

    IGM Financial Inc. (TSX:IGM) and these two other stocks can be a great way for investors to add some recurring cash flow to their portfolios.

  • Attention Boomers: 3 Stocks to Boost Your Pension Income
    The Motley Fool

    Attention Boomers: 3 Stocks to Boost Your Pension Income

    Here's why Power Financial Inc. (TSX:PWF) and another two attractive dividend stocks deserve to be on your income radar today.

  • Are Insiders Buying TC Energy Corporation (TSE:TRP) Stock?
    Simply Wall St.

    Are Insiders Buying TC Energy Corporation (TSE:TRP) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • The 2 Best Energy Stocks to Buy Now
    The Motley Fool

    The 2 Best Energy Stocks to Buy Now

    Falling bond yields make Enbridge Inc. (TSX:ENB)(NYSE:ENB) one of the best stocks to buy now.

  • GlobeNewswire

    TC Energy to Issue Second Quarter Results August 1

    CALGARY, Alberta, July 15, 2019 -- News Release -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will hold a teleconference and webcast on Thursday, August 1, 2019 to.

  • Retire Early With These 2 Dividend Juggernauts
    The Motley Fool

    Retire Early With These 2 Dividend Juggernauts

    Telus Corporation (TSX:T) and TC Energy Corporation (TSX:TRP) are investing in infrastructure projects that will provide growth for the companies and ensure reliable dividend increases for years to come.

  • 3 Stocks That Are Book-Value Bargains
    The Motley Fool

    3 Stocks That Are Book-Value Bargains

    If you're an investor looking for a deal, definitely take a peak at Encana Corp. (TSX:ECA)(NYSE:ECA), Spin Master Corp. (TSX:TOY) and this other high-growth stock.