Recent Analysts’ Ratings Updates for TC Energy (TRP)

TC Energy (TSE: TRP) recently received a number of ratings updates from brokerages and research firms:

• 5/4/2026 – TC Energy had its price target raised by Canadian Imperial Bank of Commerce from C$89.00 to C$94.00.
• 5/4/2026 – TC Energy had its price target raised by Barclays PLC from C$88.00 to C$92.00.
• 5/4/2026 – TC Energy had its price target raised by Royal Bank Of Canada from C$92.00 to C$95.00. They now have an “outperform” rating on the stock.
• 5/4/2026 – TC Energy had its price target raised by TD from C$88.00 to C$90.00. They now have a “hold” rating on the stock.
• 5/4/2026 – TC Energy had its price target raised by National Bank Financial from C$86.00 to C$92.00. They now have an “outperform” rating on the stock.
• 5/4/2026 – TC Energy had its price target raised by ATB Cormark Capital Markets from C$82.00 to C$87.00. They now have a “sector perform” rating on the stock.
• 4/23/2026 – TC Energy had its price target raised by ATB Cormark Capital Markets from C$80.00 to C$82.00. They now have an “outperform” rating on the stock.
• 4/23/2026 – TC Energy was upgraded by Canadian Imperial Bank of Commerce from “neutral” to “sector outperform”. They now have a C$89.00 price target on the stock, up from C$85.00.
• 4/19/2026 – TC Energy was upgraded by The Goldman Sachs Group, Inc. from “sell” to “hold”. They now have a C$62.00 price target on the stock.
• 3/31/2026 – TC Energy had its price target raised by Citigroup Inc. from C$86.00 to C$95.00. They now have a “neutral” rating on the stock.
• 3/30/2026 – TC Energy had its price target raised by Raymond James Financial, Inc. from C$74.00 to C$78.00.

Insiders Place Their Bets

In other TC Energy news, insider Dawn Elizabeth De Lima sold 25,342 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the sale, the insider directly owned 18,490 shares of the company’s stock, valued at approximately C$1,640,617.70. This represents a 57.82% decrease in their ownership of the stock. 0.03% of the stock is currently owned by company insiders.

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.