Q4 EPS Estimates for TC Energy Raised by US Capital Advisors

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at US Capital Advisors upped their Q4 2024 EPS estimates for TC Energy in a research note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $1.02 per share for the quarter, up from their prior estimate of $0.90. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

TRP has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Royal Bank of Canada lifted their price target on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Barclays lifted their price target on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their price target on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Finally, Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$73.00.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$66.87 on Wednesday. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32. The firm has a market cap of C$69.54 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The firm has a 50 day simple moving average of C$67.16 and a 200 day simple moving average of C$64.09.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $1.113 dividend. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.66%. TC Energy’s dividend payout ratio is presently 116.01%.

Insider Activity at TC Energy

In other TC Energy news, Director Alexander (Alex) Oehler purchased 6,540 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$66.05 per share, for a total transaction of C$431,947.64. Also, Director Trevor Ebl sold 9,554 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$68.48, for a total transaction of C$654,219.70. Insiders sold a total of 420,911 shares of company stock valued at $28,259,105 in the last quarter. Insiders own 0.03% 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.