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TC Energy Corporation (TRP)

NYSE - NYSE Delayed Price. Currency in USD
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42.97+0.81 (+1.92%)
At close: 4:00PM EDT

42.97 0.00 (0.00%)
After hours: 4:15PM EDT

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Trade prices are not sourced from all markets
Previous Close42.16
Open42.52
Bid42.00 x 900
Ask43.05 x 800
Day's Range42.22 - 43.21
52 Week Range32.37 - 57.92
Volume981,176
Avg. Volume1,264,360
Market Cap40.434B
Beta (5Y Monthly)0.69
PE Ratio (TTM)15.46
EPS (TTM)2.78
Earnings DateFeb. 09, 2017 - Feb. 13, 2017
Forward Dividend & Yield2.43 (5.77%)
Ex-Dividend DateSep. 29, 2020
1y Target Est54.51
  • The Canadian Press

    Most actively traded companies on the Toronto Stock Exchange

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,273.26, down 0.81 of a point.)Suncor Energy Inc. (TSX:SU). Energy. Up 10 cents, or 0.64 per cent, to $15.66 on 9.6 million shares. Royal Bank of Canada. (TSX:RY). Financials. Down 25 cents, or 0.26 per cent, to $95.90 on 7.6 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down four cents, or 0.22 per cent, to $18.44 on 7.5 million shares.Canadian Natural Resources (TSX:CNQ). Down nine cents, or 0.39 per cent, to $22.88 on 6.9 million shares. Enbridge Inc. (TSX:ENB). Energy. Down 14 cents, or 0.37 per cent, to $38.17 on 6.8 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up two cents, or 0.41 per cent, to $4.84 on 6.3 million shares.Companies in the news: TC Energy Corp. (TSX:TRP). Up 83 cents, or 1.5 per cent to $56.46. The Alberta government says it welcomes the news that Ottawa has approved an expansion of the Nova Gas Transmission Ltd. gathering system in Alberta — while condemning federal delays that it says cost this summer's construction season. The $2.3-billion NGTL expansion was approved by the government as part of a "commitment to moving forward with good projects," said federal Natural Resources Minister Seamus O’Regan in a news release late Monday. The pipeline division owned by Calgary-based TC Energy Corp. will now be required to restore 3,840 hectares of caribou habitat, an area 30 times the size of the habitat impacted by the project, he said, and an Indigenous working group is to be formed to assist with the restoration and monitoring plan.Magna International Inc. (TSX:MG). Up 74 cents to $71.45. Canadian auto parts company Magna International Inc. has chosen company veteran Seetarama Kotagiri as its new chief executive amid the retirement of Don Walker, who led the company through turmoil to growth. Kotagiri will become chief executive on Jan. 1, 2021, replacing Walker who will retire at the end of this year after a 33-year career at the company. Walker served as Magna's chief executive between 1994 and 2001 before returning to the job in 2005. During his time at Magna, Walker also worked as vice-president product development and engineering, chief operating officer and president, in addition to being chief executive of Intier Automotive Inc., one of Magna's former publicly traded subsidiaries, between 2001 and 2005. Canadian Pacific Railway Ltd. (TSX:CP). Down $5.55 or 1.3 per cent to $420.16. Canadian Pacific Railway Ltd. says it earned $598 million in its latest quarter, down from $618 million in the same quarter last year. The railway said Tuesday the profit amounted to $4.41 per diluted share for the quarter ended Sept. 30, down from $4.46 per diluted share a year ago. Revenue for the company's third quarter totalled $1.86 billion, down from $1.98 On an adjusted basis, the railway says its $4.12 per diluted share for the quarter compared with an adjusted profit of $4.61 per diluted share a year ago. In its outlook, CP Rail says it expects a low-single-digit decline in revenue ton-miles in 2020 and at least mid-single-digit adjusted diluted earnings per share growth. The Laurentian Bank of Canada (TSX:LB). Up four cents to $26.36. The Laurentian Bank of Canada named former Scotiabank executive Rania Llewellyn as its next president and chief executive, making her the first woman to lead a major Canadian bank. Llewellyn takes over the job on Oct. 30. She joins Laurentian after a 26-year career at Scotiabank, where she was most recently executive vice-president, global business payments. Llewellyn had also been vice-president, multicultural banking; president and CEO of Roynat Capital; senior vice-president, commercial banking, growth strategy; and senior vice-president, products and services, global transaction banking.This report by The Canadian Press was first published Oct. 20, 2020.The Canadian Press

  • Alberta welcomes federal OK of NGTL gas pipeline expansion while criticizing delay
    The Canadian Press

    Alberta welcomes federal OK of NGTL gas pipeline expansion while criticizing delay

    CALGARY — The Alberta government says it welcomes the news that Ottawa has approved an expansion of the Nova Gas Transmission Ltd. gathering system in Alberta — while condemning federal delays that it says cost this summer's construction season.“Despite months of delay, we are pleased the federal government has approved this key infrastructure project, which will create significant economic benefits and good jobs for Albertans, at a time they are needed the most," said Alberta Energy Minister Sonya Savage on Tuesday.“The project was expected to be under construction this summer but, as a result of delays by Ottawa, the bulk of construction is not expected to get underway until 2021."The $2.3-billion NGTL expansion was approved by the government as part of a "commitment to moving forward with good projects," said federal Natural Resources Minister Seamus O’Regan in a news release late Monday.The federal government strengthened five conditions proposed by the Canada Energy Regulator and added one new condition, he added, with the changes aimed at better addressing Indigenous rights and mitigating construction impacts on caribou habitat.The pipeline division owned by Calgary-based TC Energy Corp. will now be required to restore 3,840 hectares of caribou habitat, an area 30 times the size of the habitat impacted by the project, he said, and an Indigenous working group is to be formed to assist with the restoration and monitoring plan.TC Energy said in a statement it is awaiting the details of the federal conditions but expects the approval will allow it to go ahead with construction, starting with compressor station field work next month and pipeline construction activities in January."This capacity is vital to our customers, our industry and to the people who rely on the energy we deliver," said Tracy Robinson, TC's president of Canadian Natural Gas Pipelines and Coastal GasLink."We estimate this project will create up to 5,500 well-paying construction jobs for both Indigenous and non-Indigenous workers and will bring a much-needed economic boost to communities across Canada, especially in Alberta.”The company says the new pipeline capacity will be placed in service through 2021 and 2022, adding the project is a "critical component" of the current $9.9-billion NGTL infrastructure program which will add 3.5 billion cubic feet per day of capacity between 2020 and 2024.The federal approval allows the addition of 344 kilometres of new pipeline to the existing system from west of Red Deer in central Alberta to near Grande Prairie in the northwestern part of the province.The NGTL system currently includes 25,000 kilometres of pipeline in Alberta and northeastern British Columbia, connected to other systems to deliver gas across North America.This report by The Canadian Press was first published Oct. 20, 2020.Companies in this story: (TSX:TRP)Dan Healing, The Canadian Press

  • Construction set to start on the 2021 NOVA Gas Transmission Ltd. (NGTL) System Expansion Project
    GlobeNewswire

    Construction set to start on the 2021 NOVA Gas Transmission Ltd. (NGTL) System Expansion Project

    CALGARY, Alberta, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) received approval from the Government of Canada for its 2021 NGTL System Expansion Project, and is awaiting the details of the updated conditions to be released. For more information on the approval, please visit the Natural Resources Canada website.NGTL expects that this approval will allow it to immediately progress construction activities in accordance with regulatory requirements, with compressor station field work expected to begin in December 2020 and pipeline construction activities expected to start in January 2021.“We’re pleased to be moving forward with this project,” said Tracy Robinson, Executive Vice-President, President Canadian Natural Gas Pipelines and President Coastal GasLink. “This capacity is vital to our customers, our industry and to the people who rely on the energy we deliver. We estimate this project will create up to 5,500 well-paying construction jobs for both Indigenous and non-Indigenous workers and will bring a much-needed economic boost to communities across Canada, especially in Alberta.”Once facilities are placed in service, which will occur through 2021 and into 2022, the 2021 NGTL System Expansion Project will provide critical incremental capacity to our customers for the safe and reliable delivery of the energy people need, every day. Customers critically anticipating these services include: * local distribution companies who require increased access to natural gas to serve consumers and heat homes; * power producers who are attempting to fuel switch from coal to natural gas to reduce emissions and continue providing reliable power to consumers; * petrochemical companies who require natural gas in their manufacturing processes; and * natural gas producers who provide North American markets access to clean-burning natural gas, including markets in Quebec, Ontario, Manitoba, Saskatchewan, Alberta and the U.S.This project is a critical component of the $9.9 billion NGTL infrastructure program underway, which will add 3.5 Bcf/d of incremental delivery capacity between 2020 and 2024.About the NGTL System In Canada, we have a very large natural gas source known as the Western Canadian Sedimentary Basin (WCSB) in addition to smaller natural gas sources. The NGTL System is a 25,000-km (15,000-mile) pipeline system located primarily throughout Alberta and northeast British Columbia – where the WCSB is located – and connects with other pipeline systems to deliver gas across North America. According to the Canadian Gas Association, natural gas meets 35 per cent of Canada’s energy needs through heat and power. Learn more about the NGTL System by visiting Explore Energy.About TC Energy We are a vital part of everyday life - delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens — we’re there. Guided by our core values of safety, responsibility, collaboration and integrity, our more than 7,500 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico.TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.-30-Media Inquiries: Kelly Matthews / Jaimie Harding 403-920-7859 or 800-608-7859Investor & Analyst Inquiries: David Moneta / Hunter Mau 403-920-7911 or 800-361-6522PDF available: http://ml.globenewswire.com/Resource/Download/346ee7b1-c730-436c-bf7f-7b53b4c395a6