Scotiabank Has Strong Forecast for TC Energy FY2027 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Stock analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of TC Energy in a research note issued on Thursday, February 19th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings per share of $2.98 for the year, up from their prior forecast of $2.92. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

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

A number of other brokerages have also commented on TRP. Weiss Ratings reissued a “buy (b-)” rating on shares of TC Energy in a report on Monday, December 29th. National Bank Financial cut TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. TD Securities lowered TC Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays restated an “overweight” rating on shares of TC Energy in a research note on Friday. Finally, The Goldman Sachs Group lifted their price objective on shares of TC Energy from $48.00 to $53.00 and gave the stock a “sell” rating in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average target price of $72.50.

TC Energy Trading Down 0.2%

TRP opened at $62.39 on Friday. TC Energy has a fifty-two week low of $43.59 and a fifty-two week high of $63.94. The firm has a market capitalization of $64.96 billion, a PE ratio of 26.85 and a beta of 0.73. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.56. The company’s 50-day moving average is $56.97 and its 200 day moving average is $54.00.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 annualized dividend and a yield of 5.6%. TC Energy’s dividend payout ratio (DPR) is currently 106.90%.

Institutional Trading of TC Energy

Hedge funds have recently added to or reduced their stakes in the stock. Compound Planning Inc. grew its position in shares of TC Energy by 6.5% during the 4th quarter. Compound Planning Inc. now owns 17,689 shares of the pipeline company’s stock valued at $973,000 after acquiring an additional 1,083 shares during the period. Corient Private Wealth LLC grew its holdings in TC Energy by 45.8% during the fourth quarter. Corient Private Wealth LLC now owns 46,762 shares of the pipeline company’s stock valued at $2,532,000 after purchasing an additional 14,691 shares during the period. Alberta Investment Management Corp increased its position in TC Energy by 0.3% in the fourth quarter. Alberta Investment Management Corp now owns 1,010,638 shares of the pipeline company’s stock worth $55,652,000 after buying an additional 3,300 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of TC Energy by 5.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,690 shares of the pipeline company’s stock valued at $753,000 after buying an additional 713 shares during the period. Finally, Achmea Investment Management B.V. lifted its position in shares of TC Energy by 7.5% during the 4th quarter. Achmea Investment Management B.V. now owns 592,408 shares of the pipeline company’s stock valued at $32,664,000 after buying an additional 41,295 shares during the last quarter. Institutional investors 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.