TC Energy Co. to Post FY2024 Earnings of $4.37 Per Share, Zacks Research Forecasts (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at Zacks Research lowered their FY2024 earnings estimates for shares of TC Energy in a report released on Wednesday, April 24th. Zacks Research analyst T. Saha now forecasts that the company will post earnings per share of $4.37 for the year, down from their prior estimate of $4.40. The consensus estimate for TC Energy’s current full-year earnings is $4.18 per share. Zacks Research also issued estimates for TC Energy’s Q2 2025 earnings at $1.62 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. The business had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion.

A number of other brokerages have also commented on TRP. Stifel Nicolaus set a C$61.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a report on Thursday, January 18th. National Bankshares boosted their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Royal Bank of Canada cut their price objective on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. TD Securities boosted their price objective on shares of TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group cut their price objective on shares of TC Energy from C$57.00 to C$51.00 in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$54.44.

TC Energy Stock Performance

Shares of TRP stock opened at C$49.30 on Friday. The company’s fifty day simple moving average is C$52.75 and its 200-day simple moving average is C$51.56. TC Energy has a 52 week low of C$43.70 and a 52 week high of C$56.98. The company has a current ratio of 0.96, a quick ratio of 0.40 and a debt-to-equity ratio of 163.32. The company has a market cap of C$51.27 billion, a PE ratio of 17.93, a P/E/G ratio of 0.26 and a beta of 0.73.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date is Wednesday, March 27th. This is an increase from TC Energy’s previous quarterly dividend of $0.93. TC Energy’s dividend payout ratio is currently 139.64%.

Insider Activity at TC Energy

In other news, Senior Officer Dawn Elizabeth De Lima bought 750 shares of TC Energy stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of C$54.48 per share, with a total value of C$40,860.00. In related news, Senior Officer Dawn Elizabeth De Lima purchased 750 shares of TC Energy stock in a transaction dated Wednesday, March 20th. The stock was bought at an average cost of C$54.48 per share, with a total value of C$40,860.00. Also, Director Kevin B. Engel sold 2,514 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the completion of the sale, the director now directly owns -29 shares of the company’s stock, valued at C($1,575.66). Insiders acquired a total of 4,526 shares of company stock valued at $248,609 in the last quarter. Insiders own 0.04% of the company’s stock.

TC Energy Company Profile

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.