TC Energy (NYSE:TRP) Sees Strong Trading Volume – Should You Buy?

Posted by George Bondi on Sep 30th, 2026

TC Energy Corporation (NYSE:TRP – Get Free Report) (TSE:TRP) saw unusually-high trading volume on Monday. Approximately 9,281,924 shares changed hands during trading, an increase of 269% from the previous session’s volume of 2,518,836 shares. The stock last traded at $58.9370 and had previously closed at $58.78.

TC Energy News Summary

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

Positive Sentiment: Coastal GasLink Phase 2 received a major go-ahead. TC Energy said the project will proceed after LNG Canada and its partners reached a positive final investment decision on the LNG Canada expansion. Phase 2 should increase transportation capacity and allow more Canadian natural gas to reach global LNG markets, supporting TC Energy’s long-term growth and fee-based cash flow prospects. Reuters article
Positive Sentiment: Sell-side sentiment remains constructive. Brokerages now collectively rate TC Energy “Moderate Buy,” while Scotiabank continues to assign an “Outperform” rating. The positive ratings may help support the shares despite recent estimate reductions. Moderate Buy ratings article
Positive Sentiment: Natural-gas demand could provide a longer-term growth opportunity. An analyst commentary highlights rising U.S. natural-gas demand, including from data centers, as a potential catalyst for TC Energy’s pipeline and storage assets. The company’s projected EBITDA growth and approximately 4.3% dividend yield may appeal to income-oriented investors, although these are longer-term considerations. AI data center growth catalyst article
Neutral Sentiment: Investors are also weighing capital-allocation developments. Recent coverage focuses on a potential pipeline sale and the company’s dividend date, but the available report does not provide enough detail to determine the immediate financial impact. Pipeline sale and dividend article
Negative Sentiment: Scotiabank reduced its earnings forecasts. The bank lowered its FY2026 EPS estimate to $2.70 from $2.76 and FY2027 to $2.82 from $2.89. Although the ratings remain positive, lower profit expectations can weigh on valuation and indicate some near-term earnings pressure. Scotiabank earnings forecast article

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $99.00 price target on shares of TC Energy in a report on Friday, July 31st. Scotiabank reissued an “outperform” rating on shares of TC Energy in a report on Tuesday, July 21st. Barclays reissued an “overweight” rating on shares of TC Energy in a research note on Thursday, July 16th. Royal Bank Of Canada reiterated a “moderate buy” rating and set a $106.00 target price on shares of TC Energy in a research report on Friday, September 11th. Finally, US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Get Our Latest Report on TRP

TC Energy Stock Performance

The company has a market cap of $58.29 billion, a price-to-earnings ratio of 24.19 and a beta of 0.66. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average price is $63.25 and its 200 day moving average price is $65.10.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, analysts expect that TC Energy Corporation will post 2.78 EPS for the current fiscal year.

TC Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be given a C$0.88 dividend. This represents a $3.51 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 29th. TC Energy’s dividend payout ratio (DPR) is 104.98%.

Institutional Investors Weigh In On TC Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRP. Sterling Capital Management LLC acquired a new stake in TC Energy during the 1st quarter worth approximately $26,000. Trust Co. of Vermont purchased a new position in shares of TC Energy in the 2nd quarter valued at $33,000. Aberdeen Wealth Management LLC acquired a new position in shares of TC Energy during the 2nd quarter valued at $51,000. Ascentis Independent Advisors acquired a new position in shares of TC Energy during the 1st quarter valued at $49,000. Finally, Glen Eagle Advisors LLC acquired a new stake in TC Energy in the 4th quarter valued at $44,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

About TC Energy

(Get Free Report)

TC Energy Corporation is an energy infrastructure company that develops and operates natural gas pipeline, storage and power-generation assets. Its pipeline network transports natural gas from producing regions to utilities, industrial customers, power generators and export markets, while its storage facilities help support seasonal and daily demand.

The company’s operations are concentrated in Canada, the United States and Mexico. Its major systems include the Canadian Mainline, which connects Western Canadian natural gas supplies with markets in Eastern Canada and the United States, as well as U.S.