TC Energy Corporation (NYSE: TRP) is -1.92% lower on its value in year-to-date trading and has touched a low of $32.51 and a high of $42.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TRP stock was last observed hovering at around $38.08 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $38.34, the stock is -4.09% and -2.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing 0.68% at the moment leaves the stock 1.73% off its SMA200. TRP registered -5.87% loss for a year compared to 6-month gain of 14.62%. The firm has a 50-day simple moving average (SMA 50) of $5.37 and a 200-day simple moving average (SMA200) of $9.13.
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The stock witnessed a -4.72% loss in the last 1 month and extending the period to 3 months gives it a -4.58%, and is -4.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 1.34% over the month.
TC Energy Corporation (TRP) has around 7415 employees, a market worth around $39.78B and $11.13B in sales. Current P/E ratio is 18.92 and Fwd P/E is 12.10. Profit margin for the company is 18.72%. Distance from 52-week low is 17.91% and -10.34% from its 52-week high. The company has generated returns on investments over the last 12 months (3.05%).
TC Energy Corporation quarterly earnings per share for the current quarter are estimated at $0.82 with sales reaching $3.12B over the same period.The EPS is expected to shrink by -9.50% this year, but quarterly earnings will post 2.10% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
TC Energy Corporation (TRP) Top Institutional Holders
800 institutions hold shares in TC Energy Corporation (TRP), with institutional investors hold 79.16% of the company’s shares. The shares outstanding are 1.04B, and float is at 1.04B with Short Float at 4.40%. Institutions hold 79.13% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 102.42 million shares valued at $4.14 billion. The investor’s holdings represent 9.87% of the TRP Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 49.19 million shares valued at $1.99 billion to account for 4.74% of the shares outstanding. The other top investors are Bank of Montreal/Can/ which holds 42.01 million shares representing 4.05% and valued at over $1.7 billion, while Vanguard Group Inc holds 3.69% of the shares totaling 38.28 million with a market value of $1.55 billion.
