US Capital Advisors Weighs in on TC Energy Co.’s Q1 2022 Earnings (NYSE:TRP)

TC Energy Co. (NYSE:TRPGet Rating) (TSE:TRP) – Equities researchers at US Capital Advisors lowered their Q1 2022 earnings per share estimates for TC Energy in a research report issued on Monday, April 25th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will earn $0.89 per share for the quarter, down from their prior estimate of $0.91. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for TC Energy’s Q2 2022 earnings at $0.81 EPS, Q3 2022 earnings at $0.77 EPS, Q4 2022 earnings at $0.81 EPS, FY2022 earnings at $3.28 EPS, Q1 2023 earnings at $0.96 EPS, Q2 2023 earnings at $0.83 EPS, Q3 2023 earnings at $0.83 EPS, Q4 2023 earnings at $0.85 EPS, FY2023 earnings at $3.48 EPS and FY2024 earnings at $3.56 EPS.

TC Energy (NYSE:TRPGet Rating) (TSE:TRP) last announced its quarterly earnings data on Tuesday, February 15th. The pipeline company reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.57 billion. TC Energy had a return on equity of 14.77% and a net margin of 15.09%. During the same period last year, the company earned $0.88 earnings per share.

Several other equities analysts also recently commented on the stock. Industrial Alliance Securities raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$74.00 target price on the stock in a research report on Monday, April 4th. BMO Capital Markets raised their price target on TC Energy from C$70.00 to C$73.00 in a research report on Wednesday, February 16th. TheStreet upgraded shares of TC Energy from a “c+” rating to a “b” rating in a research note on Wednesday, January 19th. Wells Fargo & Company raised their price target on shares of TC Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 22nd. Finally, CIBC cut shares of TC Energy from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, February 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average price target of $67.42.

TC Energy stock opened at $55.04 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.57 and a quick ratio of 0.51. The company has a market capitalization of $54.01 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 4.28 and a beta of 0.71. TC Energy has a one year low of $44.77 and a one year high of $59.06. The company’s fifty day moving average price is $55.79 and its two-hundred day moving average price is $51.88.

Large investors have recently modified their holdings of the business. Portland Investment Counsel Inc. lifted its position in TC Energy by 2.4% during the 3rd quarter. Portland Investment Counsel Inc. now owns 338,600 shares of the pipeline company’s stock worth $16,296,000 after buying an additional 7,900 shares in the last quarter. Trust Co. of Virginia VA lifted its position in TC Energy by 5.1% during the 4th quarter. Trust Co. of Virginia VA now owns 105,831 shares of the pipeline company’s stock worth $4,925,000 after buying an additional 5,182 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of TC Energy by 45.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 874,756 shares of the pipeline company’s stock worth $42,248,000 after purchasing an additional 275,131 shares during the last quarter. Baskin Financial Services Inc. increased its stake in shares of TC Energy by 1.6% during the 4th quarter. Baskin Financial Services Inc. now owns 177,076 shares of the pipeline company’s stock worth $8,231,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of TC Energy by 16.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 5,371 shares of the pipeline company’s stock worth $258,000 after purchasing an additional 742 shares during the last quarter. 68.61% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, March 31st will be given a $0.708 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.70. This represents a $2.83 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Wednesday, March 30th. TC Energy’s payout ratio is currently 192.00%.

TC Energy Company Profile (Get Rating)

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 Storage. The company builds and operates 93,300 km network 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.

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Earnings History and Estimates for TC Energy (NYSE:TRP)

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