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TC Energy ( (TSE:TRP) ) has shared an announcement.
On June 23, 2025, TC Energy announced the results of conversion elections for its Series 3 and Series 4 preferred shares. A total of 104,778 Series 3 Shares were converted into Series 4 Shares, and 1,822,829 Series 4 Shares were converted into Series 3 Shares. Following these conversions, TC Energy will have 11,715,228 Series 3 Shares and 2,284,772 Series 4 Shares outstanding. The Series 3 Shares will offer a fixed dividend rate of 4.102% annually, while the Series 4 Shares will have a floating dividend rate starting at 3.924% for the first quarter. These changes are part of TC Energy’s ongoing financial strategy and are expected to impact the company’s dividend structure and shareholder value.
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 Neutral.
The overall score is driven by a strong earnings call and reasonable valuation, offset by bearish technical signals and financial risks associated with high leverage and declining revenue. The company’s profitability remains robust, but cash flow management poses challenges.
To see Spark’s full report on TSE:TRP stock, click here.
More about TC Energy
TC Energy is a major player in the energy sector, specializing in the transportation, generation, and storage of natural gas. The company operates a vast network of infrastructure assets that facilitate energy delivery across North America and globally through LNG exports. TC Energy also has strategic investments in power generation, and its shares are traded on the Toronto and New York stock exchanges under the symbol TRP.
YTD Price Performance: -1.51%
Average Trading Volume: 6,542,009
Technical Sentiment Signal: Buy
Current Market Cap: C$67.72B
For detailed information about TRP stock, go to TipRanks’ Stock Analysis page.