What is driving TRP.TO stock’s heavy pre-market volume today?

Large institutional orders and rebalancing explain the high pre-market volume of **15,979,400.00** shares; intraday range suggests placement rather than broad retail selling.

How does TC Energy’s dividend affect TRP.TO stock valuation?

The **4.42%** yield supports total return, but a payout ratio over **100.00%** raises sustainability concerns that press valuation and require monitoring of cash flows.

What are realistic price targets and the Meyka forecast for TRP.TO stock?

We list conservative **C$72.00**, base **C$80.00**, bullish **C$100.00** targets; Meyka AI projects **C$74.15** in 12 months (-2.70%) and **C$98.72** in 3 years (+29.54%).

How risky is TRP.TO stock relative to the Energy sector?

Leverage is higher: debt-to-equity **2.23** and netDebt/EBITDA **5.81** increase sensitivity to rates compared with sector peers, raising medium-term risk despite steady cash flow.

CA Stocks

TC Energy (TRP.TO) C$76.21 Pre-Market 06 Jan 2026: Most active, volume up 15.98M

ByHuzaifa Zahoor January 6, 2026January 6, 2026

TRP.TO stock trades at C$76.21 pre-market on the TSX on 06 Jan 2026. Trading shows heavy activity with 15,979,400.00 shares changing hands versus a 50-day average of 4,985,024.00, producing a relative volume near 3.20. The pullback of -0.83% on the session follows a year high of C$77.76 and a PE near 21.29, keeping the stock in line with Energy peers. Below we break down why volume is the main story, how valuation and dividends stack up, and what our Meyka AI forecast and grade mean for short and medium term investors.