TC Energy FY2024 EPS Estimate Increased by Atb Cap Markets

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at Atb Cap Markets lifted their FY2024 EPS estimates for shares of TC Energy in a report issued on Tuesday, November 19th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $4.08 per share for the year, up from their previous estimate of $4.07. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Atb Cap Markets also issued estimates for TC Energy’s Q4 2025 earnings at $1.12 EPS, FY2025 earnings at $3.92 EPS and FY2026 earnings at $4.10 EPS.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group boosted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. National Bankshares lifted their price target on shares of TC Energy from C$70.00 to C$71.00 in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of TC Energy from C$66.00 to C$70.00 in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and a consensus price target of C$69.54.

TC Energy Trading Up 2.0 %

TRP opened at C$70.14 on Thursday. The stock has a market capitalization of C$72.95 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.24. The firm’s fifty day simple moving average is C$64.86 and its 200 day simple moving average is C$58.90. 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 (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

Insider Buying and Selling

In other TC Energy news, Director Mark Yeomans sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$61.58, for a total value of C$400,297.95. Also, Director Greg Grant sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$62.62, for a total transaction of C$751,384.80. In the last 90 days, insiders sold 214,476 shares of company stock valued at $14,299,929. Company insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a dividend yield of 6.35%. 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.