TC Energy (NYSE:TRP) Rating Increased to Moderate Buy at US Capital Advisors

TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by equities researchers at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a report issued on Monday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.67 EPS.

TRP has been the subject of several other research reports. The Goldman Sachs Group boosted their price objective on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. StockNews.com started coverage on TC Energy in a report on Wednesday, December 4th. They set a “hold” rating for the company. Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets boosted their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus target price of $56.00.

TC Energy Price Performance

Shares of TRP opened at $46.71 on Monday. TC Energy has a 52-week low of $31.83 and a 52-week high of $50.37. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The business’s 50 day moving average price is $46.92 and its two-hundred day moving average price is $46.25. The firm has a market cap of $48.53 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 4.31 and a beta of 0.81.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. On average, equities analysts anticipate that TC Energy will post 2.95 EPS for the current year.

Hedge Funds Weigh In On TC Energy

A number of large investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of TC Energy by 8.4% during the 4th quarter. CIBC Asset Management Inc now owns 7,123,344 shares of the pipeline company’s stock valued at $331,863,000 after buying an additional 551,980 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock worth $321,778,000 after purchasing an additional 4,126,801 shares during the period. Geode Capital Management LLC increased its stake in TC Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock worth $225,890,000 after purchasing an additional 360,548 shares during the period. Merewether Investment Management LP increased its stake in TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock worth $194,776,000 after purchasing an additional 1,127,000 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its stake in TC Energy by 29.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock worth $152,072,000 after purchasing an additional 722,619 shares during the period. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.