The potential expansion of the Coastal GasLink pipeline could significantly influence investor sentiment towards TC Energy.
TC Energy Corp is currently in the spotlight due to discussions about the Coastal GasLink capacity expansion. This development may reshape the investment landscape for the company, which has recently seen an uptick in its stock performance. The last close was C$85.29, reflecting a 0.59% increase in the stock price over one day and a 3.08% increase over the past week.
Advertisement
TC Energy Corp
TRP.TO
TRP.TO
TC Energy Corp
WealthAwesomeMarket cap
$88.35B
P/E
24.3x
Div. yield
4.10%
Div. / share
$3.46
52W high
$98.71
52W low
$66.63
1W change
+3.08%
Beta
0.98
Analyst Price Targets
Based on analyst covering TRP · as of Oct 1, 2026
Wall Street analysts forecast TRP stock price to rise 17.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$99.78
+17.7% Upside
Previously C$99.57 on Sep 21, 2026
Current Price
C$84.81
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRP's historical volatility
30-Day Vol
15.8%
Annualized
90-Day Vol
19.2%
Annualized
Trend (90d)
-49.0%
Annualized drift
90d Mean
C$71.20
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$80.01 | C$75.76 – C$84.49 |
| 60 trading days | C$75.47 | C$69.88 – C$81.52 |
| 90 trading days | C$71.20 | C$64.78 – C$78.24 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Investor takeaway: Investors should consider how the Coastal GasLink expansion could impact TC Energy's long-term growth prospects.
TC Energy's stock price closes at C$85.29 with a 1.13x volume increase.
In the latest trading session, TC Energy's shares rose by 0.59%, with a total volume of 1,864,869 shares traded, indicating heightened investor interest.
Bull case
The Coastal GasLink expansion could boost TC Energy's revenue potential and strengthen its position in the energy sector. This project may lead to increased capacity, which could positively affect the company's growth and profitability.
Bear case
However, any delays or regulatory hurdles regarding the Coastal GasLink expansion might raise concerns about TC Energy's future growth and profitability. Investors should be cautious as these factors could impact the company's performance.
What Happened
Advertisement
The news about the Coastal GasLink capacity expansion has emerged, potentially altering the investment case for TC Energy Corp. This follows TC Energy's ongoing efforts to advance the Coastal GasLink Phase 2 expansion plans. The stock's last close was C$85.29, which is currently 2.8% below its 50-day moving average of C$87.73 and 2.4% below its 200-day moving average of C$87.43.
What the Numbers Show
As of the latest trading session, TC Energy's stock closed at C$85.29, reflecting a 0.59% increase in price. The trading volume was 1,864,869 shares, which is about 1.13 times the 20-day average volume of 7,102,534 shares. Year-to-date, the stock has gained 13.69%, indicating a positive trend despite a slight decline of 0.94% over the past month. The stock has traded within a 52-week range of C$66.63 to C$98.71, currently standing at approximately 58% of this range.
What to Watch Next
Investors should keep an eye on any further developments regarding the Coastal GasLink expansion, including potential regulatory approvals and project timelines. Analysts have a bullish outlook on TC Energy, with an average target price of C$99.78, suggesting a potential upside of 17.0% from the current price. With a P/E ratio of 24.3 and a profit margin of 22.9%, the fundamentals indicate a strong position, but any setbacks in the expansion project could pose risks to these projections.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
