Research Analysts Issue Forecasts for TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Analysts at Zacks Research cut their Q4 2024 earnings per share estimates for shares of TC Energy in a note issued to investors on Thursday, December 12th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $0.85 per share for the quarter, down from their previous estimate of $0.87. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy’s Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.81 EPS and Q4 2025 earnings at $1.00 EPS.

Several other equities research analysts have also recently issued reports on TRP. Royal Bank of Canada boosted their target price on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. BMO Capital Markets upped their price objective on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Barclays lifted their target price on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. Finally, UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, TC Energy has an average rating of “Hold” and an average target price of C$69.77.

TC Energy Stock Down 0.6 %

TRP opened at C$66.11 on Monday. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.32. The business has a 50-day moving average of C$66.24 and a two-hundred day moving average of C$60.52. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a market capitalization of C$68.75 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion.

Insider Activity

In other news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Also, Director Trevor Ebl sold 9,554 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$68.48, for a total value of C$654,219.70. Insiders have sold 440,243 shares of company stock worth $29,476,491 over the last 90 days. Company insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $1.113 dividend. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.73%. TC Energy’s dividend payout ratio (DPR) is 116.01%.

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.