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

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Investment analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of TC Energy in a research report issued on Thursday, July 23rd. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.66 for the year, down from their previous forecast of $2.69. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.72 per share.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.During the same period in the prior year, the business earned $0.95 EPS.

A number of other brokerages have also weighed in on TRP. National Bank Financial upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. TD Securities restated a “hold” rating on shares of TC Energy in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of TC Energy in a report on Tuesday, May 26th. Weiss Ratings lowered shares of TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Barclays reiterated an “overweight” rating on shares of TC Energy in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and an average target price of $78.50.

TC Energy Trading Up 0.9%

Shares of TC Energy stock opened at $70.58 on Friday. The stock has a market capitalization of $73.54 billion, a PE ratio of 30.63 and a beta of 0.66. TC Energy has a 52 week low of $46.61 and a 52 week high of $71.47. The stock has a 50 day moving average price of $68.61 and a two-hundred day moving average price of $63.93. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.57 and a current ratio of 0.65.

Hedge Funds Weigh In On TC Energy

A number of hedge funds have recently bought and sold shares of the company. GQG Partners LLC raised its holdings in shares of TC Energy by 586.5% in the fourth quarter. GQG Partners LLC now owns 16,154,469 shares of the pipeline company’s stock valued at $890,711,000 after purchasing an additional 13,801,371 shares during the last quarter. Norges Bank bought a new position in shares of TC Energy during the fourth quarter valued at about $583,732,000. Deutsche Bank AG boosted its holdings in TC Energy by 63.2% during the fourth quarter. Deutsche Bank AG now owns 15,384,255 shares of the pipeline company’s stock worth $846,288,000 after purchasing an additional 5,956,263 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in TC Energy during the second quarter worth about $78,443,000. Finally, TD Asset Management Inc grew its position in TC Energy by 6.3% in the 4th quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock worth $1,150,656,000 after purchasing an additional 1,244,525 shares in the last quarter. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.51 annualized dividend and a yield of 5.0%. TC Energy’s dividend payout ratio (DPR) is 107.39%.

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.