TC Energy FY2025 EPS Raised by National Bank Financial

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at National Bank Financial increased their FY2025 EPS estimates for TC Energy in a research report issued on Tuesday, November 19th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $3.94 per share for the year, up from their prior estimate of $3.86. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion.

A number of other equities research analysts have also recently commented on TRP. Barclays upped their target price on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday. Royal Bank of Canada upped their target price on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. Scotiabank increased their price target on shares of TC Energy from C$74.00 to C$75.00 in a report on Wednesday. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, CIBC increased their price target on shares of TC Energy from C$67.00 to C$68.00 in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$69.54.

TC Energy Price Performance

Shares of TSE:TRP opened at C$70.14 on Thursday. The company has a 50-day simple moving average of C$64.86 and a 200-day simple moving average of C$58.90. TC Energy has a one year low of C$43.83 and a one year high of C$70.24. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a market capitalization of C$72.95 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.69 and a beta of 0.82.

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 given a $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a dividend yield of 6.35%. TC Energy’s dividend payout ratio is currently 116.01%.

Insider Activity

In related news, Director Mark Yeomans sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$61.58, for a total transaction of C$400,297.95. Also, Director Trevor Ebl sold 9,554 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total transaction of C$654,219.70. Insiders have sold 214,476 shares of company stock worth $14,299,929 over the last ninety days. 0.03% of the stock is currently owned by insiders.

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.