TC Energy (TSE:TRP) Sets New 52-Week High – Still a Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$90.79 and last traded at C$90.42, with a volume of 1891774 shares. The stock had previously closed at C$87.56.

Trending Headlines about TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: RBC Capital upgraded TC Energy to a “Buy,” a catalyst that can lift sentiment and buying interest in TRP by signaling stronger conviction from a major broker. Article Title
• Neutral Sentiment: Consensus full?year EPS remains around C$3.55 per share in published notes, so while some sell?side forecasts moved, aggregate market expectations haven’t materially shifted yet. MarketBeat TRP
• Negative Sentiment: US Capital Advisors downgraded multiple EPS estimates (Q1–Q3 2026, FY2026, FY2027 and into 2027–2028). Notable cuts include FY2026 to C$3.43 from C$3.58 and FY2027 to C$3.64 from C$3.70; several quarter-level forecasts were trimmed by a few cents. These reductions suggest margin/volume or timing concerns and are a near-term headwind for the stock. MarketBeat TRP

Analyst Ratings Changes

A number of research firms have issued reports on TRP. Scotiabank increased their target price on shares of TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Raymond James Financial increased their target price on shares of TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th. Citigroup increased their target price on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. TD Securities lowered shares of TC Energy from a “buy” rating to a “hold” rating and increased their target price for the stock from C$84.00 to C$88.00 in a report on Tuesday, February 17th. Finally, Jefferies Financial Group increased their target price on shares of TC Energy from C$80.00 to C$88.00 in a report on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$84.67.

TC Energy Stock Performance

The stock’s 50-day simple moving average is C$86.55 and its 200 day simple moving average is C$79.65. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. The company has a market capitalization of C$94.88 billion, a PE ratio of 27.85, a P/E/G ratio of 1.69 and a beta of 0.72.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.98 EPS for the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. The company had revenue of C$4.17 billion for the quarter. As a group, research analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

Insider Activity at TC Energy

In other TC Energy news, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the sale, the insider directly owned 18,490 shares of the company’s stock, valued at approximately C$1,640,617.70. This represents a 57.82% decrease in their position. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.