TC Energy (TRP) Stock

TRP is in a strong position to take advantage of the AI growth as a top company in natural gas infrastructure and nuclear energy. It has a solid history of increasing dividends and offers a good current yield. I will examine the company again and share my opinion on whether it is a good investment right now.

CALGARY, Alberta, Dec. 23, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX:TRP) (NYSE:TRP) has announced that on December 31, 2024, 42,200 of its 14,577,184 fixed rate Cumulative Redeemable First Preferred Shares, Series 1 will be converted into floating rate Cumulative Redeemable First Preferred Shares, Series 2. Additionally, 3,889,020 of its 7,422,816 Series 2 Shares will be converted back into Series 1 Shares, on a one-for-one basis.

TC Energy is a great choice for income, value, and growth, especially after its focus on natural gas infrastructure following the South Bow spin-off. The company's strong financial performance, careful spending, and lower capital expenditure forecasts show its efficiency and financial strength. With a 5.1% dividend yield and a promise of 3-5% annual dividend growth, TC Energy is appealing to investors looking for income.

TRP's decision to leave Project Tundra, which is a $2 billion initiative focused on capturing CO2 emissions from a coal plant in North Dakota, brings up worries about what will happen next.

CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX:TRP) (NYSE:TRP) has announced that it will not redeem its Cumulative Redeemable First Preferred Shares, Series 1 and Series 2 on December 31, 2024. This decision is subject to specific conditions.

TRP has announced that it will receive a payment of C$199 million as a commercial milestone for its Coastal GasLink pipeline project.

TRP and Hanwha Power Systems are collaborating on a groundbreaking sCO2 project that aims to capture waste heat from natural gas and transform it into renewable energy. This partnership focuses on creating a more sustainable energy solution.

TC Energy's proposal to sell a part of its gas pipeline in western Canada to Indigenous communities is experiencing delays, and the agreement may be altered from its initial plan.

TRP anticipates a positive outlook for FY2025 because of increasing demand for natural gas and important investments in major growth initiatives.