FY2025 EPS Estimates for TC Energy Lifted by Atb Cap Markets

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Atb Cap Markets boosted their FY2025 EPS estimates for shares of TC Energy in a note issued to investors on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $3.42 per share for the year, up from their previous forecast of $3.31. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

Other research analysts also recently issued research reports about the company. Scotiabank increased their price target on TC Energy from C$75.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Citigroup raised TC Energy to a “hold” rating in a research report on Friday, April 4th. Cibc World Mkts raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. TD Securities lifted their price target on shares of TC Energy from C$74.00 to C$76.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, CIBC upped their price target on shares of TC Energy from C$71.00 to C$76.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy has an average rating of “Moderate Buy” and a consensus price target of C$74.17.

TC Energy Stock Performance

TSE:TRP opened at C$65.52 on Monday. The firm has a 50-day moving average of C$67.22 and a two-hundred day moving average of C$67.21. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The stock has a market cap of C$67.57 billion, a P/E ratio of 13.03, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$50.24 and a 1-year high of C$71.12.

Insiders Place Their Bets

In other news, Director Susanne Beaton sold 8,020 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of C$70.00, for a total transaction of C$561,400.00. Also, Director Russell Mahan sold 16,990 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$69.37, for a total value of C$1,178,548.73. In the last three months, insiders sold 45,070 shares of company stock worth $3,141,916. Corporate insiders own 0.03% of the company’s stock.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.19%. TC Energy’s payout ratio is currently 76.37%.

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.