US Capital Advisors Boosts Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at US Capital Advisors increased their FY2024 earnings estimates for shares of TC Energy in a report released on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $4.39 for the year, up from their prior estimate of $4.04. 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 Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.90 EPS, FY2025 earnings at $3.47 EPS and FY2026 earnings at $3.34 EPS.

TRP has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Raymond James upgraded TC Energy to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Barclays increased their price objective on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$69.54.

TC Energy Stock Down 0.0 %

Shares of TSE:TRP opened at C$67.91 on Thursday. The firm has a market cap of C$70.63 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a fifty day simple moving average of C$65.42 and a 200 day simple moving average of C$59.50. 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 12-month low of C$43.83 and a 12-month high of C$70.32.

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

Insider Buying and Selling at TC Energy

In related news, Director Greg Grant sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$62.62, for a total transaction of C$751,384.80. Also, Senior Officer Patrick M. Keys sold 17,127 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$62.71, for a total transaction of C$1,074,049.58. Insiders have sold a total of 207,976 shares of company stock valued at $13,899,631 in the last three months. 0.03% of the stock is currently owned by company insiders.

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 $1.113 per share. This represents a $4.45 annualized dividend and a yield of 6.56%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is presently 116.01%.

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.