TC Energy (NYSE:TRP) Upgraded at US Capital Advisors

US Capital Advisors upgraded shares of TC Energy (NYSE:TRP) (TSE:TRP) from a hold rating to a moderate buy rating in a report issued on Monday morning,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.67 EPS.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. BMO Capital Markets lifted their price target on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. TD Securities assumed coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a “buy” rating for the company. StockNews.com assumed coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Finally, Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.00.

TC Energy Stock Performance

Shares of TRP opened at $47.09 on Monday. The firm has a market capitalization of $48.93 billion, a P/E ratio of 13.05, a P/E/G ratio of 4.31 and a beta of 0.81. TC Energy has a 52 week low of $31.83 and a 52 week high of $50.37. The stock has a 50 day moving average price of $46.88 and a two-hundred day moving average price of $46.29. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. Equities analysts forecast that TC Energy will post 2.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TC Energy

Hedge funds have recently bought and sold shares of the business. Addenda Capital Inc. boosted its stake in TC Energy by 4.4% in the 4th quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company’s stock worth $48,135,000 after purchasing an additional 43,639 shares in the last quarter. Captrust Financial Advisors boosted its stake in TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock worth $871,000 after purchasing an additional 242 shares in the last quarter. Ritholtz Wealth Management boosted its stake in TC Energy by 44.8% in the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock worth $1,115,000 after purchasing an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in TC Energy in the 3rd quarter worth about $3,771,000. Finally, Harvest Portfolios Group Inc. boosted its stake in TC Energy by 107.7% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company’s stock worth $10,743,000 after purchasing an additional 117,176 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

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.