TC Energy Corporation (NYSE: TRP) is -3.31% lower on its value in year-to-date trading and has touched a low of $31.84 and a high of $50.37 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 $45.54 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $44.99, the stock is -2.69% and -3.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing -1.21% at the moment leaves the stock 6.15% off its SMA200. TRP registered 24.41% gain for a year compared to 6-month gain of 10.99%.
The stock witnessed a -4.60% loss in the last 1 month and extending the period to 3 months gives it a -9.84%, and is -5.08% 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 2.38% over the week and 2.08% over the month.
TC Energy Corporation (TRP) has around 6668 employees, a market worth around $46.75B and $11.56B in sales. Current P/E ratio is 13.90 and Fwd P/E is 15.93. Profit margin for the company is 29.06%. Distance from 52-week low is 41.28% and -10.68% from its 52-week high. The company has generated returns on investments over the last 12 months (5.75%).
with sales reaching $3.5B over the same period.The EPS is expected to shrink by -11.75% this year, but quarterly earnings will post 8.35% year-over-year. Quarterly sales are estimated to shrink -17.60% in year-over-year returns.
TC Energy Corporation (TRP) Top Institutional Holders
The shares outstanding are 1.04B, and float is at 1.04B with Short Float at 0.74%.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 93.44 million shares valued at $3.54 billion. The investor’s holdings represent 9.0108% 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 5.0348 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 50.86 million shares representing 4.9042% and valued at over $1.99 billion, while CAPITAL INTERNATIONAL INVESTORS holds 4.8549 of the shares totaling 51.76 million with a market value of $1.96 billion.
TC Energy Corporation (TRP) Insider Activity
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