TRP:CA:TSX-TC Energy Corporation

COMMON STOCK | Oil & Gas Midstream | TSX

Last Closing Price

CAD 66.90

Change

+0.73 (+1.10)%

Market Cap

CAD 62.15B

Volume

3.07M

Average Target Price

CAD 71.40 (+6.73%)
Average Analyst Rating

Verdict

STA Verdict

Verdict

About

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 92,600 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet; and owns and manages midstream assets that provide natural gas producer services, including gathering, treatment, conditioning, processing, and liquids handling with a focus on the Appalachian Basin. In addition, it has approximately 4,900 km of oil and liquids pipeline infrastructure that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in 10 power generation facilities with a combined capacity of approximately 6,600 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, New Brunswick and Arizona; and owns and operates approximately 118 billion cubic feet of unregulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Market Stats

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-09-17 )

Largest Industry Peers for Oil & Gas Midstream

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
ENB-PY:CA Enbridge Inc

-0.02 (-0.14%)

CAD 96.53B 5.88 9.11
ENB-PP:CA Enbridge Inc

-0.07 (-0.44%)

CAD 94.57B 6.44 9.33
ENB:CA Enbridge Inc

+0.07 (+0.15%)

CAD 94.51B 19.05 14.70
TRP-PB:CA TC Energy Corporation

-0.05 (-0.45%)

CAD 61.89B 2.47 7.56
TRP-PC:CA TC Energy Corporation

-0.05 (-0.42%)

CAD 61.27B 2.64 7.63
TRP-PA:CA TC Energy Corporation

+0.06 (+0.45%)

CAD 59.77B 2.95 7.80
PPL:CA Pembina Pipeline Corporation

+0.12 (+0.25%)

CAD 25.11B 16.18 16.41
IPL:CA Inter Pipeline Ltd

+0.04 (+0.16%)

CAD 10.22B 14.76 13.94
KEY:CA Keyera Corp

-0.12 (-0.36%)

CAD 7.16B 15.56 12.06
ALA:CA AltaGas Ltd

+0.13 (+0.66%)

CAD 5.50B 18.09 13.03

ETFs Containing TRP:CA

Symbol Name Weight Mer Price(Change) Market Cap
PDC:CA Invesco Canadian Dividend.. 7.82 % 0.55 %

+0.14 (+0.50%)

CAD 0.65B
HOG:CA Horizons Canadian Midstre.. 7.54 % 0.64 %

-0.02 (-0.23%)

CAD 0.01B
XCG:CA iShares Canadian Growth I.. 7.17 % 0.55 %

-0.11 (-0.31%)

CAD 0.04B
ZGI:CA BMO Global Infrastructure.. 6.27 % 0.60 %

+0.35 (+0.87%)

CAD 0.24B
VDY:CA Vanguard FTSE Canadian Hi.. 6.19 % 0.22 %

+0.17 (+0.50%)

CAD 0.51B
XDV:CA iShares Canadian Select D.. 5.18 % 0.55 %

+0.15 (+0.60%)

CAD 1.32B
ZWU:CA BMO Covered Call Utilitie.. 5.16 % 0.71 %

+0.03 (+0.22%)

CAD 0.84B
XEI:CA iShares S&P/TSX Compo.. 4.93 % 0.22 %

+0.05 (+0.23%)

CAD 0.62B
ZWC:CA BMO CA High Dividend Cove.. 4.16 % 0.72 %

+0.06 (+0.31%)

CAD 0.48B
QCD:CA AGFiQ Enhanced Core Canad.. 3.53 % 0.45 %

+0.16 (+0.58%)

CAD 0.10B
VCE:CA Vanguard FTSE Canada Inde.. 3.49 % 0.06 %

+0.17 (+0.47%)

CAD 0.65B
QCE:CA Mackenzie Canadian Large .. 3.43 % 0.06 %

+1.38 (+1.35%)

CAD 0.07B
XIU:CA iShares S&P/TSX 60 In.. 3.36 % 0.18 %

+0.14 (+0.56%)

CAD 8.39B
HAL:CA Horizons Active Cdn Divid.. 3.30 % 0.78 %

+0.10 (+0.57%)

CAD 0.04B
FDV:CA CI First Asset Active Can.. 3.23 % 0.94 %

+0.09 (+0.90%)

CAD 0.04B
QCAN 3.07 % 0.30 %

N/A

N/A
XMV:CA iShares Edge MSCI Min Vol.. 2.93 % 0.33 %

+0.24 (+0.75%)

CAD 0.10B
PXC:CA Invesco FTSE RAFI Canadia.. 2.85 % 0.50 %

N/A

CAD 0.28B
VCN:CA Vanguard FTSE Canada All .. 2.75 % 0.06 %

+0.19 (+0.56%)

CAD 1.98B
QCN:CA Mackenzie Canadian Equity.. 2.73 % 0.06 %

N/A

CAD 0.03B
XIC:CA iShares Core S&P/TSX .. 2.61 % 0.06 %

+0.14 (+0.52%)

CAD 5.20B
PIN:CA Purpose Monthly Income Fu.. 0.59 % 0.72 %

N/A

CAD 7.77M
FLCD:CA Franklin FTSE Canada All .. 0.00 % 0.00 %

N/A

CAD 0.27B
FLCA Franklin FTSE Canada ETF 0.00 % 0.09 %

+0.10 (+0.39%)

USD 5.04M
IPW 0.00 % 0.40 %

N/A

N/A
ZCAN SPDR Solactive Canada ETF 0.00 % 0.30 %

+0.32 (+0.52%)

USD 0.02B
WOMN:CA BMO Women In Leadership F.. 0.00 % 0.39 %

N/A

CAD 2.12M
FCCD:CA Fidelity Canadian High Di.. 0.00 % 0.00 %

+0.10 (+0.38%)

CAD 0.09B
BGC:CA Bristol Gate Concentrated.. 0.00 % 0.84 %

+0.06 (+0.27%)

CAD 8.62M
XDIV:CA iShares Core MSCI Canadia.. 0.00 % 0.11 %

+0.14 (+0.65%)

CAD 0.14B
CRQ:CA 0.00 % 0.73 %

N/A

N/A
CDZ:CA iShares S&P/TSX Canad.. 0.00 % 0.66 %

+0.12 (+0.44%)

CAD 0.86B
FAI 0.00 % 2.23 %

N/A

N/A
TTP:CA TD Canadian Equity Index .. 0.00 % 0.07 %

N/A

CAD 0.02B
HEWC iShares Currency Hedged M.. 0.00 % 0.03 %

+0.14 (+0.51%)

USD 0.04B
ZCN:CA BMO S&P/TSX Capped Co.. 0.00 % 0.05 %

+0.12 (+0.53%)

CAD 4.07B
IQDF FlexShares International .. 0.00 % 0.47 %

+0.01 (+0.04%)

USD 0.82B
SHC:CA 0.00 % 0.71 %

N/A

N/A
ZEO:CA BMO Equal Weight Oil &.. 0.00 % 0.61 %

-0.46 (-1.03%)

CAD 0.13B
FLRM:CA Franklin Liberty Risk Man.. 0.00 % 0.33 %

N/A

CAD 0.01B

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas Midstream)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 37.23% 88% B+ 90% A-
Dividend Return 3.08% 25% F 77% C+
Total Return 40.31% 88% B+ 91% A-
Trailing 12 Months  
Capital Gain 21.09% 88% B+ 87% B+
Dividend Return 5.21% 38% F 86% B
Total Return 26.30% 88% B+ 89% B+
Trailing 5 Years  
Capital Gain 13.66% 100% A+ 62% D-
Dividend Return 19.32% 71% C- 70% C-
Total Return 32.98% 100% A+ 65% D
Average Annual (5 Year Horizon)  
Capital Gain 4.01% 88% B+ 62% D-
Dividend Return 4.07% 25% F 78% C+
Total Return 8.07% 88% B+ 69% D+
Risk Return Profile  
Volatility (Standard Deviation) 19.20% 38% F 42% F
Risk Adjusted Return 42.05% 88% B+ 53% F
Market Capitalization 62.15B 77% C+ 99% A+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas Midstream)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 14.82 46% F 54% F
Price/Book Ratio 2.39 38% F 27% F
Price / Cash Flow Ratio 9.48 23% F 35% F
EV/EBITDA 13.45 31% F 22% F
Management Effectiveness  
Return on Equity 13.51% 54% F 82% B-
Return on Invested Capital 7.77% 54% F 69% D+
Return on Assets 4.04% 54% F 75% C
Debt to Equity Ratio 173.63% 17% F 13% F
Technical Ratios  
Short Ratio 16.80 13% F 6% F
Short Percent 360.00% 63% D 61% D-
Beta 1.21 23% F 22% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Higly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.