FY2025 EPS Estimates for TC Energy Raised by Zacks Research

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Zacks Research lifted their FY2025 EPS estimates for TC Energy in a research report issued on Monday, October 6th. Zacks Research analyst Team now anticipates that the pipeline company will earn $2.48 per share for the year, up from their previous estimate of $2.47. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy’s Q3 2027 earnings at $0.60 EPS.

A number of other equities research analysts also recently weighed in on TRP. US Capital Advisors downgraded shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wall Street Zen lowered TC Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Barclays reiterated an “overweight” rating on shares of TC Energy in a research note on Thursday, August 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TC Energy in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and an average price target of $62.00.

TC Energy Trading Up 0.3%

Shares of TC Energy stock opened at $54.67 on Tuesday. TC Energy has a 12-month low of $43.51 and a 12-month high of $55.37. The company has a market cap of $56.87 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 5.22 and a beta of 0.75. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.54. The company’s 50-day moving average price is $51.68 and its 200-day moving average price is $49.70.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, July 31st. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.56 billion. TC Energy had a net margin of 28.98% and a return on equity of 11.22%. During the same quarter in the prior year, the business earned $0.79 earnings per share.

Institutional Trading of TC Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of TRP. Hilltop National Bank bought a new position in shares of TC Energy during the 2nd quarter worth $32,000. Harbor Asset Planning Inc. bought a new stake in TC Energy during the second quarter valued at about $43,000. TruNorth Capital Management LLC bought a new stake in TC Energy during the first quarter valued at about $45,000. Truvestments Capital LLC bought a new stake in TC Energy during the first quarter valued at about $45,000. Finally, Sagard Holdings Management Inc. bought a new stake in TC Energy during the second quarter valued at about $46,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be issued a dividend of $0.6148 per share. This represents a $2.46 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, September 29th. This is a boost from TC Energy’s previous quarterly dividend of $0.61. TC Energy’s payout ratio is currently 84.30%.

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.