TC Energy (NYSE:TRP) Stock Rating Upgraded by US Capital Advisors

US Capital Advisors upgraded shares of TC Energy (NYSE:TRP) (TSE:TRP) 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.

Other analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. StockNews.com assumed coverage on shares of TC Energy in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. BMO Capital Markets raised their price target on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group raised their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

TC Energy Trading Up 3.2 %

NYSE TRP opened at $46.71 on Monday. The firm has a market capitalization of $48.53 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.31 and a beta of 0.81. The company’s 50 day moving average price is $46.92 and its 200 day moving average price is $46.25. TC Energy has a one year low of $31.83 and a one year 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.

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

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.822 dividend. This represents a $3.29 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date was Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s payout ratio is currently 63.43%.

Hedge Funds Weigh In On TC Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Addenda Capital Inc. boosted its holdings in shares of TC Energy by 4.4% during the fourth quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company’s stock valued at $48,135,000 after acquiring an additional 43,639 shares during the period. Captrust Financial Advisors boosted its holdings in shares of TC Energy by 1.3% during the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock valued at $871,000 after acquiring an additional 242 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of TC Energy by 44.8% during the fourth quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock valued at $1,115,000 after acquiring an additional 7,412 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of TC Energy during the third quarter valued at $3,771,000. Finally, Harvest Portfolios Group Inc. boosted its holdings in shares of TC Energy by 107.7% during the third quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company’s stock valued at $10,743,000 after acquiring an additional 117,176 shares during the period. Institutional investors and hedge funds own 83.13% of the company’s stock.

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.