TC Energy FY2025 EPS Lifted by National Bank Financial

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for TC Energy in a note issued to investors on Tuesday, November 19th. National Bank Financial analyst P. Kenny now expects that the pipeline company will earn $2.84 per share for the year, up from their prior forecast of $2.78. The consensus estimate for TC Energy’s current full-year earnings is $2.98 per share.

A number of other analysts also recently commented on TRP. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. BMO Capital Markets upped their price target on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday. StockNews.com assumed coverage on TC Energy in a research note on Monday. They set a “hold” rating for the company. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, Veritas upgraded TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, TC Energy has an average rating of “Hold” and an average price target of $55.67.

TC Energy Price Performance

Shares of NYSE TRP opened at $50.22 on Friday. TC Energy has a twelve month low of $31.83 and a twelve month high of $50.29. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average of $47.16 and a two-hundred day moving average of $43.10. The company has a market capitalization of $52.12 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 4.19 and a beta of 0.81.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%.

TC Energy Increases Dividend

The firm 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 is an increase from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 dividend on an annualized basis and a dividend yield of 6.55%. TC Energy’s payout ratio is currently 78.95%.

Institutional Investors Weigh In On TC Energy

Several hedge funds have recently bought and sold shares of TRP. Murchinson Ltd. purchased a new stake in shares of TC Energy in the first quarter worth approximately $506,485,000. Canada Pension Plan Investment Board lifted its position in TC Energy by 107.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock worth $737,609,000 after buying an additional 10,065,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of TC Energy by 156.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock valued at $321,778,000 after buying an additional 4,126,801 shares during the period. Merewether Investment Management LP purchased a new position in shares of TC Energy during the 2nd quarter valued at $112,618,000. Finally, Cardinal Capital Management Inc. increased its stake in shares of TC Energy by 101.4% in the second quarter. Cardinal Capital Management Inc. now owns 5,068,758 shares of the pipeline company’s stock worth $192,024,000 after acquiring an additional 2,551,926 shares during the last quarter. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Company Profile

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.