FY2027 Earnings Estimate for TC Energy Issued By Scotiabank

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Research analysts at Scotiabank upped their FY2027 earnings estimates for shares of TC Energy in a report issued on Thursday, February 19th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings per share of $2.98 for the year, up from their prior forecast of $2.92. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

TRP has been the subject of a number of other reports. National Bank Financial downgraded TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of TC Energy in a research note on Wednesday, January 28th. Royal Bank Of Canada lifted their price target on shares of TC Energy from $84.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company reissued an “overweight” rating on shares of TC Energy in a research note on Monday. Finally, Barclays restated an “overweight” rating on shares of TC Energy in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.50.

TC Energy Price Performance

NYSE:TRP opened at $62.51 on Friday. TC Energy has a 52 week low of $43.59 and a 52 week high of $63.94. The stock’s fifty day moving average is $56.81 and its two-hundred day moving average is $53.90. The company has a market capitalization of $65.09 billion, a P/E ratio of 26.90 and a beta of 0.73. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.66.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.94 billion. TC Energy had a return on equity of 10.52% and a net margin of 23.04%.During the same period in the prior year, the firm posted $1.05 earnings per share.

Institutional Investors Weigh In On TC Energy

Several large investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in TC Energy during the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of TC Energy during the fourth quarter worth $28,000. McIlrath & Eck LLC purchased a new stake in shares of TC Energy during the fourth quarter worth $32,000. Westside Investment Management Inc. raised its stake in shares of TC Energy by 100.0% in the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 297 shares in the last quarter. Finally, SWAN Capital LLC purchased a new position in TC Energy in the third quarter valued at $40,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. TC Energy’s payout ratio is 106.90%.

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.