Rank TC Energy Preferreds

This compare tool allows you to Rank TC Energy Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the TC Energy preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

TC Energy Brief Overview

Visit the TC Energy company website to see the preferred share prospectus, news and other information.

Sector: Energy infrastructure company.

Core businesses and operations:

  1. Operates Pipeline and power generation assets in Canada, the United States, and Mexico.
  2. Has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.

The latest information and statistics on their common stock TRP, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2021MAR31 , 2020JUN30 , 2020SEP30 , 2020DEC31

Ex Dividend Date Schedule: 2021FEB27 , 2020APR30 , 2020AUG30 , 2020NOV21

 

TC Energy Credit Rating

The latest credit rating for TC Energy are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
BBB+ A(low)Pfd-2LBaa1A-

TC Energy Common Share Metrics

Symbol: TSE:TRPCurrency: CADMarket Cap: $39,663,922,780Price: $55.38
P/E: 12.16P/B: 1.20Dividend: $0.79Yield: 5.71%
Beta: 0.4000

TC Energy Overall Preferred Share Metrics

I have reviewed the full set of TC Energy preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "TC Energy". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.


Preferred issues: 11Lowest Current Yield: TRP-H @ 4.37%Highest Current Yield: TRP-A @ 7.34%Average Current Yield: 5.72%
5 Year Reset issues: 85YR Reset Lowest Reset Yield: TRP-A @ 4.83%5YR Reset Highest Reset Yield: TRP-G @ 5.46%5YR Reset Average Reset Yield: 5.10%
Lowest Rate Increase Percent: TRP-J @ -1.000%Highest Rate Increase Percent: TRP-H @ 222.0%Average Rate Increase Percent: 114.9%
Market Cap at Market Value: 2,716,416,658Market Cap at Face Value: 4,050,000,000Discount Amount: 1,333,583,342Discount Percent: 32.93%
Percent of Total Market Cap at Market Value: 4.33%Percent of Total Market Cap at Face Value: 5.00%



Rank TC Energy Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


Last Updated: Market Data Oct-21 17:59, Model Metrics Oct-21 18:01
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield | Dividend)
Reset (Yield | Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield | Dividend)follow link passed the end of the table to see definition
Reset Date Y/M/DRate Increase (percent | to value )New Spread (%Increase | value)Years To Double Initial InvestmentOutstanding FloatName
TRP-A TRP.PR.A CA87807B2066 $11.85$15.10$8.385YR + 1.92%07.34% | $0.869804.83% | $0.572306.83% | $0.812024DEC31111% | 4.83%052% | 2.93%9.77914,577,184TC Energy series 1
TRP-B TRP.PR.B CA87807B4047 $8.45$12.40$6.145YR + 1.28%04.88% | $0.412304.88% | $0.412304.87% | $0.412025JUN30196% | 4.88%066% | 2.12%14.549,997,177TC Energy - Series 3
TRP-C TRP.PR.C CA87807B6026 $9.11$13.26$6.365YR + 1.54%06.15% | $0.560005.24% | $0.477305.23% | $0.472021JAN30174% | 5.24%063% | 2.51%11.6112,714,261TC Energy - Series 5
TRP-G TRP.PR.G CA87807B8592 $15.23$19.41$10.375YR + 2.96%06.24% | $0.950005.46% | $0.832305.46% | $0.832020NOV30064% | 5.47%039% | 4.11%11.4410,000,000TC Energy-series 11
TRP-D TRP.PR.D CA87807B8006 $13.70$17.21$9.525YR + 2.38%07.12% | $0.975605.02% | $0.687306.38% | $0.872024APR30082% | 5.02%045% | 3.45%10.0824,000,000TC Energy-series 7
TRP-E TRP.PR.E CA87807B8758 $13.50$17.12$9.385YR + 2.35%06.97% | $0.940405.04% | $0.679806.48% | $0.872024OCT30085% | 5.04%046% | 3.43%10.2818,000,000TC Energy-series 9
TRP-J TRP.PR.J CA87807B8345 $25.29$26.60$18.805YR MIN 5.5% + 4.69%05.42% | $1.370005.43% | $1.3705.41% | $1.372021MAY31-1% | 5.00%-1% | 4.63%13.1320,000,000TC Energy - Series 13
TRP-K TRP.PR.K CA87807B8188 $24.90$26.00$16.455YR MIN 4.9% + 3.85%04.90% | $1.220004.92% | $1.2204.89% | $1.222022MAY31000% | 4.24%000% | 3.86%14.4840,000,000TC Energy-series 15
TRP-F TRP.PR.F CA87807B3056 $10.11$14.80$7.693MTH + 1.92%04.94% | $0.5 04.95% | $0.5005N/AFLOATING147% | 5.66%059% | 3.06%N/A7,422,816TC Energy-series 2
TRP-H TRP.PR.H CA87807B5036 $7.77$12.41$6.253MTH + 1.28%04.37% | $0.3404.38% | $0.3405N/AFLOATING222% | 5.31%068% | 2.16%N/A4,002,823TC Energy-series 4
TRP-I TRP.PR.I CA87807B7016 $8.81$13.07$6.603MTH + 1.54%04.59% | $0.4004.60% | $0.4055N/AFLOATING184% | 5.42%064% | 2.53%N/A1,285,739TC Energy-series 6


Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates

The following table presents 6 scenarios, of the issues resetting based on different 5 Year Bond rates. Each scenario consists of 3 columns and grouped by color. The rates assumed for the reset are as follows:
  • Scenario 1: 5YR GOC Rate is set at -0.5%
  • Scenario 2: 5YR GOC Rate is set at 0.01%
  • Scenario 3: 5YR GOC Rate is set at 0.4%
  • Scenario 4: 5YR GOC Rate is set at 0.8%
  • Scenario 5: 5YR GOC Rate is set at 1.2%
  • Scenario 6: 5YR GOC Rate is set at 1.6%

For more information please review our video and/or post. Links available at the bottom of the page


Rank Preferreds - Compare Reset Scenarios

Last Updated: Market Data Oct-21 17:59, Model Metrics Oct-21 18:01
Credit RatingSymbolReset Date Y/M/DCurrent (Yield | Dividend)
5Yr @ -0.5%. Reset (Yield | Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ -0.5%.
5Yr @ -0.5%. Blended (Yield | Dividend)5Yr @ -0.5%. Rate Increase (percent | to value )
5Yr @ 0.01%. Reset (Yield | Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.01%.
5Yr @ 0.01%. Blended (Yield | Dividend)5Yr @ 0.01%. Rate Increase (percent | to value )
5Yr @ 0.4%. Reset (Yield | Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.4%.
5Yr @ 0.4%. Blended (Yield | Dividend)5Yr @ 0.4%. Rate Increase (percent | to value )
5Yr @ 0.8%. Reset (Yield | Dividend)Scenario: 4 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.8%.
5Yr @ 0.8%. Blended (Yield | Dividend)5Yr @ 0.8%. Rate Increase (percent | to value )
5Yr @ 1.2%. Reset (Yield | Dividend)Scenario: 5 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.2%.
5Yr @ 1.2%. Blended (Yield | Dividend)5Yr @ 1.2%. Rate Increase (percent | to value )
5Yr @ 1.6%. Reset (Yield | Dividend)Scenario: 6 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.6%.
5Yr @ 1.6%. Blended (Yield | Dividend)5Yr @ 1.6%. Rate Increase (percent | to value )
Pfd2LTRP-A TRP.PR.A CA87807B2066 2024DEC3107.34% | $0.86983.00% | $0.3506.47% | $0.76111% | 3.00%4.07% | $0.4806.68% | $0.79111% | 4.07%4.89% | $0.5806.85% | $0.81111% | 4.89%5.74% | $0.6807.01% | $0.83111% | 5.74%6.58% | $0.7807.18% | $0.85111% | 6.58%7.43% | $0.8807.35% | $0.87111% | 7.43%
Pfd2LTRP-B TRP.PR.B CA87807B4047 2025JUN3004.88% | $0.41232.31% | $0.1904.62% | $0.39196% | 2.31%3.82% | $0.3204.77% | $0.40196% | 3.82%4.97% | $0.4204.88% | $0.41196% | 4.97%6.15% | $0.5205.00% | $0.42196% | 6.15%7.34% | $0.6205.12% | $0.43196% | 7.34%8.52% | $0.7205.24% | $0.44196% | 8.52%
Pfd2LTRP-C TRP.PR.C CA87807B6026 2021JAN3006.15% | $0.56002.85% | $0.2602.85% | $0.26174% | 2.85%4.25% | $0.3804.25% | $0.38174% | 4.25%5.32% | $0.4805.32% | $0.48174% | 5.32%6.42% | $0.5806.42% | $0.58174% | 6.42%7.52% | $0.6807.51% | $0.68174% | 7.52%8.62% | $0.7808.61% | $0.78175% | 8.62%
Pfd2LTRP-G TRP.PR.G CA87807B8592 2020NOV3006.24% | $0.95004.04% | $0.6104.03% | $0.61064% | 4.04%4.88% | $0.7404.87% | $0.74064% | 4.88%5.52% | $0.8405.51% | $0.84064% | 5.52%6.17% | $0.9406.17% | $0.93064% | 6.17%6.83% | $1.0406.82% | $1.04064% | 6.83%7.49% | $1.1407.48% | $1.14064% | 7.49%
Pfd2LTRP-D TRP.PR.D CA87807B8006 2024APR3007.12% | $0.97563.43% | $0.4705.82% | $0.79082% | 3.43%4.36% | $0.5906.15% | $0.84082% | 4.36%5.07% | $0.6906.40% | $0.87082% | 5.07%5.80% | $0.7906.65% | $0.91082% | 5.80%6.53% | $0.8906.91% | $0.94082% | 6.53%7.26% | $0.9907.17% | $0.98082% | 7.26%
Pfd2LTRP-E TRP.PR.E CA87807B8758 2024OCT3006.97% | $0.94043.43% | $0.4606.08% | $0.82085% | 3.43%4.37% | $0.5906.31% | $0.85085% | 4.37%5.09% | $0.6806.49% | $0.87085% | 5.09%5.83% | $0.7806.68% | $0.90085% | 5.83%6.57% | $0.8806.86% | $0.92085% | 6.57%7.31% | $0.9807.05% | $0.95085% | 7.31%
Pfd2LTRP-J TRP.PR.J CA87807B8345 2021MAY3105.42% | $1.37005.44% | $1.3805.45% | $1.37-1% | 5.44%5.44% | $1.3805.45% | $1.37-1% | 5.44%5.44% | $1.3805.45% | $1.37-1% | 5.44%5.44% | $1.3805.45% | $1.37-1% | 5.44%5.82% | $1.4705.77% | $1.46-1% | 5.82%6.22% | $1.5706.12% | $1.55-1% | 6.22%
Pfd2LTRP-K TRP.PR.K CA87807B8188 2022MAY3104.90% | $1.22004.92% | $1.2304.92% | $1.22000% | 4.92%4.92% | $1.2304.92% | $1.22000% | 4.92%4.92% | $1.2304.92% | $1.22000% | 4.92%4.92% | $1.2304.92% | $1.22000% | 4.92%5.07% | $1.2605.01% | $1.24000% | 5.07%5.47% | $1.3605.29% | $1.31000% | 5.47%