TC Energy stock: JPMorgan cuts target to CAD 102.00 overnight
Published on 10/23/2026 at 16:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- JPMorgan lowered its TC Energy target from CAD 106.00 to CAD 102.00 on October 22, 2026.
- TC Energy lists an annual dividend of CAD 3.51 per share for 2026.
- TC Energy stock costs EUR 55.77 at Lang & Schwarz on October 23, 2026 at 4:38 p.m. CEST.
- Third-quarter results are scheduled for November 5, 2026.
TC Energy (ISIN CA87807B1076) is facing a lower analyst valuation after JPMorgan cut its target from CAD 106.00 to CAD 102.00 on October 22, 2026, while keeping an Overweight rating, as Benzinga reported. At Lang & Schwarz, the stock was trading at EUR 55.77 on October 23, 2026 at 4:38 p.m. CEST.
Dividend remains a key income figure
TC Energy lists an annual dividend of CAD 3.51 per share for 2026, based on its most recent declared quarterly dividend. The company also states that it expects future dividend growth of 3 to 5 percent, a policy that keeps income generation central to the investment case.
The investor page describes a business built around regulated natural gas pipelines, power assets and long-term infrastructure contracts. It says approximately 98 percent of comparable EBITDA comes from rate-regulated assets or long-term take-or-pay contracts, while the secured capital program totals USD 22.00 billion through 2031, according to TC Energy.
What does the target cut change?
JPMorgan's move reduces the target by CAD 4.00, or 3.77 percent, from CAD 106.00 to CAD 102.00. The revised target remains a named reference point for investors as TC Energy approaches its next scheduled reporting date.
Price position and valuation
On the Toronto Stock Exchange, TC Energy last traded at CAD 87.41 on October 23, 2026 at 10:50 a.m. ET. Its 52-week range was CAD 69.41 to CAD 100.18, while market capitalization stood at CAD 91.1 billion and the trailing price-to-earnings ratio was 26.17.
Dates and peer comparison
Markets Insider reported that TC Energy will discuss third-quarter 2026 results on November 5, 2026, including an update to its financial outlook. The conference call is scheduled for 8:30 a.m. ET.
Comparison with peers
TC Energy: P/E 26.17, market capitalization CAD 91.1 billion
Enbridge (TSX, CAD): 0.05 percent higher, P/E 22.41, market capitalization CAD 149.8 billion
The Williams Companies (NYSE, USD): 1.02 percent higher, P/E 28.31, market capitalization USD 87.3 billion
Target and results now set the frame
The lower JPMorgan target and the November 5 reporting date give investors two concrete reference points. The dividend of CAD 3.51 per share and the CAD 22.00 billion capital program provide additional measures for assessing income and expansion priorities.
The further course of trading is shown by the continuously updated real-time quote of TC Energy stock.
TC Energy market facts
- Company: TC Energy Corporation
- ISIN: CA87807B1076
- WKN: A2PJ41
- Ticker: TRP
- Primary exchange: TSX and NYSE
- Price Lang & Schwarz (as of October 23, 2026, 4:38 p.m. CEST): EUR 55.77
- Market capitalization: CAD 91.1 billion (as of October 23, 2026)
- 52-week range: CAD 69.41-100.18 (as of October 23, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
Market context: Market report S&P/TSX Composite.
