TC Energy Announces Preferred Shares Conversion Options

The latest update is out from TC Energy ( (TSE:TRP) ).

TC Energy announced that it will not redeem its Series 3 and Series 4 preferred shares on June 30, 2025. Shareholders of these series have options to either retain their shares and receive dividends at new rates or convert them between Series 3 and Series 4 to switch between fixed and floating dividend rates. The decision impacts the company’s financial structuring and offers flexibility to shareholders, with potential implications for market positioning and investor relations.

The most recent analyst rating on (TSE:TRP) stock is a Hold with a C$57.00 price target. To see the full list of analyst forecasts on TC Energy stock, see the TSE:TRP Stock Forecast page.

Spark’s Take on TSE:TRP Stock

According to Spark, TipRanks’ AI Analyst, TSE:TRP is a Outperform.

TC Energy’s overall score reflects its strong financial performance and operational efficiency, bolstered by robust profitability and strategic project completions. However, challenges in revenue growth and high leverage, coupled with technical indicators nearing overbought conditions, temper the score. The company’s positive earnings call sentiment and fair valuation provide additional support for the stock’s outlook.

To see Spark’s full report on TSE:TRP stock, click here.

More about TC Energy

TC Energy is a leading energy company with over 6,500 employees, specializing in natural gas infrastructure. The company operates an extensive network that moves, generates, and stores energy, delivering it to homes and businesses across North America and globally through LNG exports.

YTD Price Performance: 5.11%

Average Trading Volume: 6,769,443

Technical Sentiment Signal: Buy

Current Market Cap: C$72.27B

Find detailed analytics on TRP stock on TipRanks’ Stock Analysis page.