National Bank Financial Forecasts TC Energy Q1 Earnings

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Stock analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for TC Energy in a research report issued to clients and investors on Wednesday, April 23rd. National Bank Financial analyst P. Kenny forecasts that the pipeline company will earn $0.71 per share for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

A number of other analysts have also recently commented on the company. Royal Bank of Canada upped their price target on TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of TC Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, TD Securities assumed coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

TC Energy Stock Up 1.1 %

TRP opened at $49.47 on Thursday. TC Energy has a twelve month low of $35.38 and a twelve month high of $50.37. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average price of $46.97 and a 200-day moving average price of $47.12. The stock has a market capitalization of $51.41 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $1.35 earnings per share.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.85 per share. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 6.87%. This is a boost from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s payout ratio is currently 72.84%.

Institutional Investors Weigh In On TC Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Lowe Wealth Advisors LLC purchased a new stake in shares of TC Energy in the 1st quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in TC Energy during the 4th quarter worth about $31,000. Versant Capital Management Inc purchased a new position in shares of TC Energy during the 4th quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in shares of TC Energy in the 4th quarter valued at about $36,000. Finally, Millstone Evans Group LLC acquired a new position in TC Energy in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

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.