TC Energy FY2025 EPS Increased by National Bank Financial

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

Several other brokerages also recently weighed in on TRP. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. The Goldman Sachs Group raised their target price on shares of TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. UBS Group raised shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. StockNews.com initiated coverage on shares of TC Energy in a research report on Monday, November 18th. They set a “hold” rating for the company. Finally, BMO Capital Markets increased their target price on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, TC Energy has an average rating of “Hold” and an average price target of $55.67.

TC Energy Stock Down 0.7 %

Shares of NYSE TRP opened at $49.86 on Friday. The stock has a market cap of $51.75 billion, a P/E ratio of 13.81, a PEG ratio of 4.19 and a beta of 0.81. The business’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $43.18. TC Energy has a 12-month low of $31.83 and a 12-month high of $50.37. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly 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. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%.

Hedge Funds Weigh In On TC Energy

Large investors have recently modified their holdings of the business. Fortitude Family Office LLC acquired a new stake in shares of TC Energy during the 3rd quarter valued at approximately $28,000. Blue Trust Inc. raised its holdings in TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 267 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in TC Energy during the second quarter worth $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in TC Energy by 138.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 429 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of TC Energy in the third quarter valued at $39,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 dividend on an annualized basis and a yield of 6.59%. This is an increase from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s dividend payout ratio is presently 78.95%.

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.