What is Zacks Research’s Estimate for TC Energy Q3 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at Zacks Research upped their Q3 2027 earnings estimates for shares of TC Energy in a research note issued to investors on Monday, October 6th. Zacks Research analyst Team now forecasts that the company will earn $0.52 per share for the quarter, up from their previous forecast of $0.51. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TRP has been the subject of several other research reports. National Bankshares boosted their price objective on TC Energy from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Barclays boosted their price objective on TC Energy from C$74.00 to C$75.00 in a report on Thursday, August 14th. Jefferies Financial Group cut their price objective on TC Energy from C$71.00 to C$68.00 in a report on Wednesday, July 23rd. US Capital Advisors lowered TC Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Citigroup set a C$75.00 price objective on TC Energy and gave the stock a “neutral” rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$74.46.

TC Energy Stock Performance

TSE TRP opened at C$76.29 on Tuesday. TC Energy has a 1 year low of C$60.43 and a 1 year high of C$77.26. 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 capitalization of C$79.31 billion, a PE ratio of 18.70, a P/E/G ratio of 1.69 and a beta of 0.84. The company’s 50 day simple moving average is C$71.49 and its two-hundred day simple moving average is C$68.78.

Insider Activity at TC Energy

In other TC Energy news, Director Siim A. Vanaselja sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of C$70.07, for a total value of C$2,802,640.00. Following the completion of the sale, the director owned 12,000 shares of the company’s stock, valued at C$840,792. This represents a 76.92% decrease in their ownership of the stock. Also, Director Francois Lionel Poirier sold 53,946 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$70.49, for a total value of C$3,802,669.72. Following the completion of the sale, the director directly owned 113,550 shares of the company’s stock, valued at approximately C$8,004,173.57. This represents a 32.21% decrease in their position. 0.03% of the stock is owned by corporate insiders.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.5%. TC Energy’s dividend payout ratio is currently 85.36%.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system.