Analysts Issue Forecasts for TC Energy Q4 Earnings

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Research analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of TC Energy in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the pipeline company will earn $0.68 per share for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $2.95 per share.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.83 billion.

TRP has been the topic of a number of other reports. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. TD Securities started coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.00.

TC Energy Stock Up 0.1 %

NYSE:TRP opened at $45.38 on Thursday. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The stock has a market capitalization of $47.16 billion, a P/E ratio of 12.57, a P/E/G ratio of 4.45 and a beta of 0.82. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The company’s 50-day simple moving average is $47.26 and its 200-day simple moving average is $46.10.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.822 per share. This represents a $3.29 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s payout ratio is currently 63.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRP. Squarepoint Ops LLC raised its holdings in shares of TC Energy by 315.5% during the 2nd quarter. Squarepoint Ops LLC now owns 76,186 shares of the pipeline company’s stock worth $2,887,000 after acquiring an additional 57,848 shares during the period. NewEdge Advisors LLC raised its holdings in TC Energy by 9.5% in the 2nd quarter. NewEdge Advisors LLC now owns 46,687 shares of the pipeline company’s stock valued at $1,769,000 after buying an additional 4,068 shares during the period. Cetera Investment Advisers raised its holdings in TC Energy by 5.2% in the 2nd quarter. Cetera Investment Advisers now owns 103,894 shares of the pipeline company’s stock valued at $3,938,000 after buying an additional 5,165 shares during the period. Sanctuary Advisors LLC purchased a new stake in TC Energy in the 2nd quarter valued at about $742,000. Finally, Atomi Financial Group Inc. raised its holdings in TC Energy by 63.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,716 shares of the pipeline company’s stock valued at $557,000 after buying an additional 4,561 shares during the period. Hedge funds and other institutional investors own 83.13% of the company’s stock.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.