US Capital Advisors Lowers Earnings Estimates for TC Energy

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities researchers at US Capital Advisors dropped their FY2024 EPS estimates for TC Energy in a note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $2.91 for the year, down from their previous estimate of $3.01. The consensus estimate for TC Energy’s current full-year earnings is $3.02 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.60 EPS, FY2025 earnings at $2.40 EPS and FY2026 earnings at $2.34 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.29. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm earned $0.71 earnings per share.

Other equities analysts also recently issued research reports about the company. Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. The Goldman Sachs Group increased their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. StockNews.com assumed coverage on TC Energy in a report on Saturday, October 5th. They set a “hold” rating on the stock. Barclays upgraded TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. Finally, UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, TC Energy presently has an average rating of “Hold” and a consensus price target of $48.50.

TC Energy Trading Up 0.4 %

Shares of TRP stock opened at $46.47 on Wednesday. TC Energy has a 12 month low of $31.04 and a 12 month high of $48.25. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $46.32 and its two-hundred day moving average is $41.73. The company has a market cap of $48.22 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 3.91 and a beta of 0.81.

Institutional Investors Weigh In On TC Energy

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in TC Energy during the first quarter worth $1,159,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in TC Energy by 15.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,109,055 shares of the pipeline company’s stock worth $81,599,000 after buying an additional 278,886 shares in the last quarter. M&G Plc acquired a new stake in TC Energy during the first quarter worth $111,587,000. Cetera Investment Advisers boosted its stake in TC Energy by 74.1% during the first quarter. Cetera Investment Advisers now owns 98,729 shares of the pipeline company’s stock worth $3,972,000 after buying an additional 42,024 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in TC Energy by 1.8% during the first quarter. Maryland State Retirement & Pension System now owns 1,302,358 shares of the pipeline company’s stock worth $52,355,000 after buying an additional 22,430 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

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.