TRP.TO TC Energy (TSX) up 3.49% to C$76.21 on 08 Jan 2026: volume spike suggests follow-through
TRP.TO stock closed at C$76.21 on the TSX on 08 Jan 2026, up 3.49% on a heavy session of 15,979,400 shares. Traders pushed the price to a day high of C$77.76 as the year high was retested and relative volume ran above the five‑day average. The move followed mixed earnings updates and active flow in preferred shares, leaving investor focus on dividend yield, leverage and near‑term cash flow. We review price action, fundamentals and what the Meyka AI forecast implies for Canadian energy portfolios.
Price action and volume: TRP.TO stock today
One clear market fact: TRP.TO stock rose C$2.57 (+3.49%) to C$76.21 on 08 Jan 2026, with 15,979,400 shares traded, nearly three times the average daily volume of 5,334,781. The stock opened at C$77.75 and printed a low of C$74.08, signaling intraday buying after an early pullback. Short‑term momentum indicators support the move: RSI is 55.85 and MACD histogram is positive at 0.13, consistent with measured bullishness in the session.
Why the stock moved: TRP.TO news and earnings
Recent quarterly reports showed modest top‑line stability and stronger EPS growth—management guided comparable EBITDA to a range that supported the dividend profile. Analysts flagged mixed revenue beats and margins that improved in parts of the business. Market attention also concentrated on preferred share notices and yield dynamics, which influenced capital structure discussion and trading volumes. See the Q3 summary for detail source and a recent market brief on company notices source.
Fundamentals and valuation: TRP.TO financials
TC Energy reported a trailing EPS of 3.58 and a trailing PE around 20.72 based on the latest market close. Key ratios show a dividend yield of 4.57% and payout ratio just over 106%, reflecting a heavy distribution relative to reported earnings. Balance sheet metrics show net debt to EBITDA near 5.81x and debt to equity 2.23, which underline elevated leverage. Book value per share is C$36.13 and free cash flow per share is 1.88, supporting a dividend but constraining buyback optionality.
Technicals and trading signals: TRP.TO trading
Short‑term technicals are neutral to slightly bullish: 50‑day average is C$74.69 and 200‑day average is C$70.55, both below the current price and offering support. Volatility measures show ATR at C$1.42 and Bollinger band middle at C$75.46, while MFI sits high at 77.01 — signalling strong money inflows but potential short‑term overbought risk. Momentum readings suggest traders should watch the C$77.76 year high; a decisive daily close above it would increase the chance of follow‑through.
Meyka AI rates TRP.TO with a score out of 100
Meyka AI rates TRP.TO with a score of 68/100 (B‑, HOLD). This grade factors in S&P benchmark comparison, sector performance, recent financial growth, leverage and analyst consensus. Strengths include a 4.57% dividend yield and stable pipeline cash flows; weaknesses include high net debt metrics (net debt/EBITDA 5.81x) and a payout ratio above 100%. These grades are model outputs only and are not guaranteed; they do not constitute financial advice.
Risks and opportunities in the TRP.TO outlook
Immediate upside depends on commodity and regulatory developments, plus successful capex execution on pipelines and power projects. Opportunity: regulated assets provide steady cash and raise the floor for dividend support. Risk: high leverage and interest coverage near 1.98x increase sensitivity to rising rates and project delays. For income portfolios, the C$3.40 annual dividend per share is attractive, but investors must weigh sustainability against balance‑sheet repair prospects.
Final Thoughts
TRP.TO stock closed C$76.21 on 08 Jan 2026 after a session that mixed strong volume and cautious technical signals. Fundamentals show earnings power and a 4.57% yield, but leverage metrics such as net debt/EBITDA 5.81x and a payout ratio above 100% constrain the case for an outright BUY. Meyka AI’s forecast model projects a 12‑month price of C$74.15 (implied ‑2.70% vs. today’s price) and a three‑year target of C$98.72 (implied +29.53%). Near term, traders should watch a clean break above C$77.76 for momentum plays and monitor quarterly updates due in February. Forecasts are model‑based projections and not guarantees; risk management and position sizing remain essential for portfolios exposed to energy midstream volatility. For more on live data and screening, visit our Meyka TRP.TO page at Meyka TRP.TO page.
FAQs
What drove TRP.TO stock higher on 08 Jan 2026?
TRP.TO stock rose on 08 Jan 2026 due to heavy trading, positive intraday momentum and renewed interest after preferred share notices and steady earnings beats. Volume of 15,979,400 shares signalled institutional flow into both equity and income instruments.
How does TC Energy’s valuation look right now for investors?
Valuation shows a trailing PE near 20.72 and price/book around 2.81. Dividend yield is 4.57%, but payout exceeds earnings, and net debt/EBITDA is 5.81x, which elevates valuation risk for income investors.
What is Meyka AI’s forecast for TRP.TO stock?
Meyka AI’s forecast model projects a 12‑month price of C$74.15 (implied ‑2.70%) and a three‑year price of C$98.72 (implied +29.53%). Forecasts are model‑based projections and not guarantees.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.