TC Energy Corporation (TRP) Stock Could Soon Reward Patient Investors

TC Energy Corporation (NYSE: TRP) is 19.62% higher on its value in year-to-date trading and has touched a low of $32.51 and a high of $48.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRP stock was last observed hovering at around $47.90 in the last trading session, with the day’s loss setting it -1.14%.

Currently trading at $46.76, the stock is 0.57% and 5.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -2.38% at the moment leaves the stock 16.43% off its SMA200. TRP registered 29.64% gain for a year compared to 6-month gain of 16.32%. The firm has a 50-day simple moving average (SMA 50) of $44.6346 and a 200-day simple moving average (SMA200) of $40.2036.

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The stock witnessed a 2.88% loss in the last 1 month and extending the period to 3 months gives it a 23.38%, and is 1.26% up 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 1.72% over the week and 1.81% over the month.

TC Energy Corporation (TRP) has around 7415 employees, a market worth around $48.51B and $11.56B in sales. Current P/E ratio is 19.22 and Fwd P/E is 14.82. Profit margin for the company is 21.82%. Distance from 52-week low is 43.81% and -2.87% from its 52-week high. The company has generated returns on investments over the last 12 months (3.84%).

with sales reaching $2.93B over the same period.The EPS is expected to shrink by -6.58% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to grow 0.30% in year-over-year returns.

TC Energy Corporation (TRP) Top Institutional Holders

818.0 institutions hold shares in TC Energy Corporation (TRP), with institutional investors hold 80.16% of the company’s shares. The shares outstanding are 1.04B, and float is at 1.04B with Short Float at 2.96%. Institutions hold 80.13% of the Float.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 93.56 million shares valued at $3.55 billion. The investor’s holdings represent 9.0219% of the TRP Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 53.67 million shares valued at $2.03 billion to account for 5.176 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 51.76 million shares representing 4.9911% and valued at over $1.96 billion, while BANK OF MONTREAL /CAN/ holds 4.9042 of the shares totaling 50.86 million with a market value of $1.99 billion.