US Capital Advisors Predicts TC Energy Q2 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Research analysts at US Capital Advisors cut their Q2 2027 earnings estimates for TC Energy in a research report issued to clients and investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $0.60 per share for the quarter, down from their previous estimate of $0.61. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.80 per share. US Capital Advisors also issued estimates for TC Energy’s Q3 2027 earnings at $0.58 EPS, Q4 2027 earnings at $0.70 EPS, FY2027 earnings at $2.63 EPS and FY2028 earnings at $2.72 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share.

Several other brokerages also recently issued reports on TRP. TD upgraded TC Energy to a “buy” rating in a research report on Tuesday, September 15th. Canadian Imperial Bank of Commerce set a $99.00 target price on TC Energy in a research report on Thursday, October 22nd. Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a research note on Tuesday, July 21st. The Goldman Sachs Group upgraded TC Energy from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Wednesday, September 30th. Finally, Barclays reissued an “overweight” rating on shares of TC Energy in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and a consensus price target of $93.75.

TC Energy Stock Performance

Shares of NYSE:TRP opened at $62.86 on Wednesday. The firm’s 50 day moving average is $61.23 and its two-hundred day moving average is $63.48. TC Energy has a 52 week low of $49.27 and a 52 week high of $71.47.

Institutional Investors Weigh In On TC Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC bought a new stake in shares of TC Energy during the 1st quarter worth $26,000. Trust Co. of Vermont acquired a new position in shares of TC Energy during the 2nd quarter valued at about $33,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of TC Energy in the third quarter worth $35,000. Ascentis Independent Advisors acquired a new position in TC Energy during the 1st quarter worth $49,000. Finally, Aberdeen Wealth Management LLC bought a new stake in TC Energy during the second quarter valued at about $51,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Company Profile

TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.