What is Scotiabank’s Estimate for TC Energy FY2026 Earnings?

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities researchers at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for TC Energy in a research report issued on Thursday, February 19th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings of $2.87 per share for the year, up from their previous forecast of $2.82. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

TRP has been the topic of a number of other research reports. National Bank Financial cut shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of TC Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. BMO Capital Markets reiterated an “outperform” rating on shares of TC Energy in a report on Tuesday, February 17th. Barclays reissued an “overweight” rating on shares of TC Energy in a research note on Friday. Finally, Citigroup restated a “neutral” rating on shares of TC Energy in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $72.50.

TC Energy Stock Down 0.2%

Shares of NYSE TRP opened at $62.39 on Monday. The stock has a market capitalization of $64.96 billion, a P/E ratio of 26.85 and a beta of 0.73. TC Energy has a one year low of $43.59 and a one year high of $63.94. The firm’s 50 day simple moving average is $56.97 and its two-hundred day simple moving average is $54.06. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.56.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.94 billion. TC Energy had a return on equity of 10.52% and a net margin of 23.04%.During the same period in the prior year, the business earned $1.05 EPS.

Hedge Funds Weigh In On TC Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in TC Energy by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock valued at $2,632,200,000 after purchasing an additional 980,221 shares during the period. Capital Research Global Investors boosted its stake in shares of TC Energy by 2.5% during the 3rd quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock valued at $2,282,469,000 after purchasing an additional 1,041,864 shares in the last quarter. FIL Ltd increased its position in shares of TC Energy by 3.9% during the fourth quarter. FIL Ltd now owns 28,305,789 shares of the pipeline company’s stock valued at $1,558,669,000 after buying an additional 1,052,166 shares during the period. Canada Pension Plan Investment Board raised its stake in TC Energy by 5.9% in the second quarter. Canada Pension Plan Investment Board now owns 20,986,748 shares of the pipeline company’s stock worth $1,025,220,000 after buying an additional 1,178,190 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in TC Energy by 6.3% in the fourth quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock worth $1,150,656,000 after buying an additional 1,244,525 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be given a $0.8775 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from TC Energy’s previous quarterly dividend of $0.85. TC Energy’s dividend payout ratio is 106.90%.

TC Energy Company Profile

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.