TC Energy Corporation (NYSE: TRP) is 1.27% higher 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 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 $46.60 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $47.12, the stock is 3.42% and 1.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 1.12% at the moment leaves the stock 9.16% off its SMA200. TRP registered 27.07% gain for a year compared to 6-month gain of 12.72%. The firm has a 50-day simple moving average (SMA 50) of $46.252 and a 200-day simple moving average (SMA200) of $44.8177.
The stock witnessed a 0.60% loss in the last 1 month and extending the period to 3 months gives it a -0.11%, and is 2.70% 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 1.85% over the week and 2.11% over the month.
TC Energy Corporation (TRP) has around 6668 employees, a market worth around $48.96B and $11.56B in sales. Current P/E ratio is 14.56 and Fwd P/E is 16.42. Profit margin for the company is 29.06%. Distance from 52-week low is 47.97% and -6.45% from its 52-week high. The company has generated returns on investments over the last 12 months (5.75%).
with sales reaching $3.65B over the same period.The EPS is expected to shrink by -10.48% this year, but quarterly earnings will post 8.83% year-over-year. Quarterly sales are estimated to shrink -14.05% in year-over-year returns.
TC Energy Corporation (TRP) Top Institutional Holders
893.0 institutions hold shares in TC Energy Corporation (TRP), with institutional investors hold 75.49% of the company’s shares. The shares outstanding are 1.04B, and float is at 1.04B with Short Float at 0.69%. Institutions hold 75.46% of the Float.
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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