Q4 2024 EPS Estimates for TC Energy Co. (NYSE:TRP) Decreased by Analyst

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Analysts at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for TC Energy in a note issued to investors on Monday, May 6th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings per share of $0.79 for the quarter, down from their prior forecast of $0.82. The consensus estimate for TC Energy’s current full-year earnings is $2.90 per share. Atb Cap Markets also issued estimates for TC Energy’s FY2025 earnings at $3.25 EPS and FY2026 earnings at $3.51 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.20. TC Energy had a return on equity of 20.63% and a net margin of 17.23%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.93 billion.

Several other equities analysts have also commented on the stock. Stifel Nicolaus began coverage on shares of TC Energy in a research report on Thursday, January 18th. They set a “buy” rating for the company. The Goldman Sachs Group increased their price target on shares of TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a report on Friday, January 26th. Jefferies Financial Group initiated coverage on TC Energy in a research note on Tuesday, February 27th. They set a “hold” rating on the stock. Barclays raised their price objective on TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, TheStreet upgraded TC Energy from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TC Energy currently has an average rating of “Hold” and a consensus target price of $48.83.

TC Energy Stock Up 1.0 %

NYSE TRP opened at $37.87 on Wednesday. The stock has a 50 day moving average price of $38.42 and a 200-day moving average price of $38.18. TC Energy has a one year low of $32.51 and a one year high of $42.42. The company has a market capitalization of $37.87 billion, a P/E ratio of 19.52, a P/E/G ratio of 3.24 and a beta of 0.76. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96.

Institutional Trading of TC Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. EdgeRock Capital LLC bought a new position in shares of TC Energy in the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new stake in TC Energy in the 4th quarter valued at about $26,000. Creekmur Asset Management LLC bought a new position in TC Energy in the 4th quarter worth about $27,000. Glassman Wealth Services increased its position in shares of TC Energy by 61.0% during the fourth quarter. Glassman Wealth Services now owns 726 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 275 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of TC Energy during the fourth quarter valued at approximately $31,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s dividend payout ratio (DPR) is presently 145.88%.

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.