TC Energy Corporation (NYSE: TRP) is 10.47% higher on its value in year-to-date trading and has touched a low of $33.78 and a high of $51.34 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 $50.64 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $51.40, the stock is 3.06% and 4.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 1.50% at the moment leaves the stock 10.41% off its SMA200. TRP registered 50.08% gain for a year compared to 6-month gain of 5.46%. The firm has a 50-day simple moving average (SMA 50) of $48.927 and a 200-day simple moving average (SMA200) of $47.2124.
The stock witnessed a 2.78% loss in the last 1 month and extending the period to 3 months gives it a 14.66%, and is 1.88% 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 1.03% over the week and 1.50% over the month.
TC Energy Corporation (TRP) has around 6668 employees, a market worth around $53.42B and $11.13B in sales. Current P/E ratio is 16.95 and Fwd P/E is 18.06. Profit margin for the company is 28.27%. Distance from 52-week low is 52.18% and 0.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.29%).
The EPS is expected to shrink by -13.18% this year.
TC Energy Corporation (TRP) Top Institutional Holders
907.0 institutions hold shares in TC Energy Corporation (TRP), with institutional investors hold 78.11% of the company’s shares. The shares outstanding are 1.04B, and float is at 1.04B with Short Float at 1.01%. Institutions hold 78.08% 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 8.765% 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 CAPITAL INTERNATIONAL INVESTORS which holds 51.76 million shares representing 4.8549% and valued at over $1.96 billion, while BANK OF MONTREAL /CAN/ holds 4.7704 of the shares totaling 50.86 million with a market value of $1.99 billion.
TC Energy Corporation (TRP) Insider Activity
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