TC Energy
About: TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.
Employees: 6,668
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 54
9% more capital invested
Capital invested by funds: $34.7B [Q4 2024] → $37.8B (+$3.15B) [Q1 2025]
2.02% more ownership
Funds ownership: 71.48% [Q4 2024] → 73.51% (+2.02%) [Q1 2025]
1% more funds holding
Funds holding: 591 [Q4 2024] → 594 (+3) [Q1 2025]
1% less repeat investments, than reductions
Existing positions increased: 209 | Existing positions reduced: 212
4% less funds holding in top 10
Funds holding in top 10: 27 [Q4 2024] → 26 (-1) [Q1 2025]
54% less call options, than puts
Call options by funds: $181M | Put options by funds: $389M
Research analyst outlook
We haven’t received any recent analyst ratings for TRP.
Financial journalist opinion
Based on 9 articles about TRP published over the past 30 days









