TC Energy Corporation (NYSE:TRP) Short Interest Update

Posted by Francis Steltz on May 13th, 2026

TC Energy Corporation (NYSE:TRP – Get Free Report) (TSE:TRP) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 5,885,060 shares, a decrease of 73.2% from the April 15th total of 21,973,961 shares. Based on an average daily trading volume, of 2,691,801 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research firms have issued reports on TRP. Weiss Ratings lowered shares of TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. National Bank Financial raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of TC Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Scotiabank reissued an “outperform” rating on shares of TC Energy in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce raised shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Read Our Latest Stock Report on TRP

Institutional Trading of TC Energy

A number of institutional investors have recently made changes to their positions in TRP. Wealthstar Advisors LLC boosted its holdings in TC Energy by 1.5% during the first quarter. Wealthstar Advisors LLC now owns 11,465 shares of the pipeline company’s stock worth $718,000 after purchasing an additional 165 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in TC Energy by 2.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 9,991 shares of the pipeline company’s stock worth $544,000 after purchasing an additional 200 shares during the last quarter. Gold Investment Management Ltd. boosted its holdings in TC Energy by 2.0% during the fourth quarter. Gold Investment Management Ltd. now owns 9,964 shares of the pipeline company’s stock worth $549,000 after purchasing an additional 200 shares during the last quarter. Kennebec Savings Bank boosted its holdings in TC Energy by 2.1% during the fourth quarter. Kennebec Savings Bank now owns 9,854 shares of the pipeline company’s stock worth $542,000 after purchasing an additional 203 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in TC Energy by 3.4% during the third quarter. Checchi Capital Advisers LLC now owns 6,171 shares of the pipeline company’s stock worth $336,000 after purchasing an additional 204 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Price Performance

Shares of NYSE:TRP traded up $0.82 during trading on Wednesday, reaching $67.12. The company had a trading volume of 2,912,926 shares, compared to its average volume of 2,583,037. The firm’s fifty day moving average is $63.39 and its 200 day moving average is $58.43. The firm has a market capitalization of $69.92 billion, a PE ratio of 29.13 and a beta of 0.67. TC Energy has a twelve month low of $46.29 and a twelve month high of $67.32. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.57 and a current ratio of 0.65.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last issued its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.20 billion. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. During the same period in the prior year, the business posted $0.95 EPS. On average, equities analysts forecast that TC Energy will post 2.75 EPS for the current year.

TC Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy’s dividend payout ratio is currently 109.57%.

About TC Energy

(Get Free Report)

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.