What is Scotiabank’s Estimate for TC Energy FY2027 Earnings?

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Research analysts at Scotiabank lifted their FY2027 EPS estimates for shares of TC Energy in a report released on Thursday, July 23rd. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.83 per share for the year, up from their previous forecast of $2.81. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.72 per share.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.During the same quarter in the prior year, the company posted $0.95 earnings per share.

A number of other research analysts also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “neutral” rating and raised their price target for the company from $53.00 to $62.00 in a report on Monday, April 20th. Barclays reiterated an “overweight” rating on shares of TC Energy in a report on Thursday, July 16th. National Bank Financial raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada raised their target price on TC Energy from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, TD Securities reaffirmed a “hold” rating on shares of TC Energy in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

TC Energy Stock Performance

TRP stock opened at $68.29 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $71.15 billion, a price-to-earnings ratio of 29.64 and a beta of 0.66. TC Energy has a 12 month low of $46.61 and a 12 month high of $71.47. The firm has a 50 day moving average of $68.59 and a two-hundred day moving average of $64.09.

Institutional Investors Weigh In On TC Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of TC Energy during the 4th quarter worth about $25,000. Sterling Capital Management LLC bought a new position in shares of TC Energy in the first quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in shares of TC Energy in the 4th quarter worth approximately $28,000. McIlrath & Eck LLC bought a new stake in TC Energy during the 4th quarter worth approximately $32,000. Finally, SWAN Capital LLC acquired a new stake in TC Energy during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th. TC Energy’s dividend payout ratio is currently 107.39%.

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.