
TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) – Stock analysts at US Capital Advisors increased their FY2026 EPS estimates for TC Energy in a research report issued on Monday, February 2nd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.54 per share for the year, up from their prior estimate of $2.50. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.
Other equities analysts also recently issued reports about the company. BMO Capital Markets raised TC Energy from a “market perform” rating to an “outperform” rating in a report on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of TC Energy in a research report on Wednesday, January 28th. TD Securities reissued a “buy” rating on shares of TC Energy in a research report on Friday, October 17th. Scotiabank restated an “outperform” rating on shares of TC Energy in a research note on Monday, October 20th. Finally, Citigroup reiterated a “neutral” rating on shares of TC Energy in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.00.
TC Energy Trading Up 1.7%
TRP opened at $59.36 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.56 and a current ratio of 0.63. TC Energy has a one year low of $43.59 and a one year high of $59.47. The company has a market cap of $61.78 billion, a P/E ratio of 25.59 and a beta of 0.73. The business’s 50-day simple moving average is $55.12 and its 200-day simple moving average is $52.84.
TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last posted its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $2.63 billion. TC Energy had a return on equity of 10.61% and a net margin of 23.86%.During the same period last year, the firm earned $1.03 earnings per share.
Institutional Investors Weigh In On TC Energy
Several hedge funds have recently made changes to their positions in TRP. NewEdge Wealth LLC purchased a new stake in TC Energy during the 4th quarter valued at approximately $238,000. Generali Asset Management SPA SGR increased its holdings in shares of TC Energy by 261.0% in the fourth quarter. Generali Asset Management SPA SGR now owns 74,906 shares of the pipeline company’s stock valued at $4,121,000 after purchasing an additional 54,154 shares during the period. Premier Fund Managers Ltd increased its holdings in shares of TC Energy by 9.1% in the fourth quarter. Premier Fund Managers Ltd now owns 227,174 shares of the pipeline company’s stock valued at $12,750,000 after purchasing an additional 19,000 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of TC Energy by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,900 shares of the pipeline company’s stock worth $1,040,000 after purchasing an additional 1,168 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its holdings in shares of TC Energy by 5.9% during the fourth quarter. K.J. Harrison & Partners Inc now owns 72,052 shares of the pipeline company’s stock worth $3,973,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 83.13% of the company’s stock.
About TC Energy
TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.
The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.
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