TC Energy Co. to Post Q4 2024 Earnings of $1.08 Per Share, Atb Cap Markets Forecasts (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Atb Cap Markets lowered their Q4 2024 EPS estimates for shares of TC Energy in a note issued to investors on Monday, May 6th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.08 per share for the quarter, down from their prior forecast of $1.11. The consensus estimate for TC Energy’s current full-year earnings is $4.19 per share. Atb Cap Markets also issued estimates for TC Energy’s FY2025 earnings at $4.44 EPS and FY2026 earnings at $4.80 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a net margin of 17.24% and a return on equity of 8.37%.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus set a C$61.00 price target on TC Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. upped their target price on shares of TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Scotiabank boosted their price objective on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Barclays raised their target price on shares of TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Finally, National Bankshares boosted their target price on shares of TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$54.50.

TC Energy Price Performance

Shares of TSE TRP opened at C$52.00 on Wednesday. The company has a 50 day moving average of C$52.29 and a 200 day moving average of C$51.75. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 162.75. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$56.75. The firm has a market cap of C$54.08 billion, a P/E ratio of 19.85, a PEG ratio of 0.26 and a beta of 0.73.

Insider Activity at TC Energy

In related news, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average cost of C$55.04 per share, for a total transaction of C$143,104.00. In other news, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of C$55.04 per share, for a total transaction of C$143,104.00. Also, Director Alexis A.J. Hudy bought 875 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of C$54.97 per share, for a total transaction of C$48,098.75. Following the purchase, the director now owns 875 shares in the company, valued at approximately C$48,098.75. Over the last three months, insiders have purchased 4,526 shares of company stock worth $248,609. Corporate insiders own 0.04% of the company’s stock.

TC Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.84 dividend on an annualized basis and a yield of 7.38%. TC Energy’s dividend payout ratio is currently 146.56%.

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.