US Capital Advisors Lifts Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at US Capital Advisors raised their Q4 2024 earnings per share (EPS) estimates for TC Energy in a report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $1.02 per share for the quarter, up from their prior forecast of $0.90. US Capital Advisors currently has a “Moderate Buy” rating on the stock. 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 Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

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 for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion.

Several other equities analysts have also commented on TRP. Raymond James raised TC Energy to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their target price on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their target price for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.00.

TC Energy Trading Up 0.8 %

Shares of TRP opened at C$67.40 on Wednesday. TC Energy has a 12-month low of C$43.83 and a 12-month high of C$70.32. The firm has a market capitalization of C$70.10 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.69 and a beta of 0.82. The firm has a 50-day moving average price of C$67.13 and a 200 day moving average price of C$64.18. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.

Insiders Place Their Bets

In other news, Director Jawad Masud sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$66.50, for a total transaction of C$332,500.00. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Insiders have sold a total of 420,911 shares of company stock valued at $28,259,105 over the last quarter. Company insiders own 0.03% of the company’s stock.

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.