Q4 Earnings Forecast for TC Energy Issued By Raymond James

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at Raymond James issued their Q4 2024 earnings estimates for TC Energy in a report released on Thursday, November 21st. Raymond James analyst A. Bradford expects that the company will post earnings per share of $0.95 for the quarter. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Raymond James also issued estimates for TC Energy’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.80 EPS.

TRP has been the topic of a number of other reports. Scotiabank boosted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Barclays upped their target price on TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Finally, Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$69.54.

TC Energy Trading Down 0.7 %

Shares of TSE TRP opened at C$69.65 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a one year low of C$43.83 and a one year high of C$70.32. The business has a 50-day moving average price of C$65.01 and a two-hundred day moving average price of C$59.09. The firm has a market capitalization of C$72.44 billion, a PE ratio of 21.04, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data 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. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion.

Insider Activity

In related news, Director David Brast sold 6,743 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$69.01, for a total transaction of C$465,353.98. Also, Director Colin Lindley sold 3,194 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the completion of the sale, the director now owns 697 shares in the company, valued at C$47,883.41. This represents a 82.09 % decrease in their ownership of the stock. Over the last ninety days, insiders have sold 214,476 shares of company stock valued at $14,299,929. 0.03% of the stock is owned by insiders.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.39%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is 116.01%.

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.