FY2024 EPS Estimates for TC Energy Increased by Analyst

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities research analysts at Atb Cap Markets raised their FY2024 EPS estimates for shares of TC Energy in a note issued to investors on Tuesday, November 19th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings of $2.94 per share for the year, up from their previous estimate of $2.93. The consensus estimate for TC Energy’s current full-year earnings is $2.98 per share. Atb Cap Markets also issued estimates for TC Energy’s Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.67 EPS, FY2025 earnings at $2.82 EPS and FY2026 earnings at $2.95 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%.

TRP has been the topic of several other reports. Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. StockNews.com began coverage on shares of TC Energy in a report on Monday. They set a “hold” rating on the stock. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.67.

TC Energy Trading Down 1.3 %

NYSE TRP opened at $49.21 on Thursday. TC Energy has a twelve month low of $31.83 and a twelve month high of $50.22. The business’s fifty day moving average is $47.07 and its 200 day moving average is $43.05. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The company has a market cap of $51.07 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 4.19 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. EdgeRock Capital LLC bought a new stake in TC Energy in the second quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of TC Energy by 138.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 429 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of TC Energy during the 3rd quarter valued at $28,000. Blue Trust Inc. boosted its stake in TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 267 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in TC Energy in the second quarter worth $33,000. 83.13% of the stock is owned by institutional investors.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 dividend on an annualized basis and a yield of 6.68%. This is a boost from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s dividend payout ratio is 78.95%.

About TC Energy

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.