Equities Analysts Issue Forecasts for TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for TC Energy in a report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $0.98 for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

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

Several other brokerages have also commented on TRP. Royal Bank of Canada increased their price target on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. National Bankshares raised their price objective on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their target price on TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and an average price target of C$73.00.

TC Energy Price Performance

Shares of TRP opened at C$65.50 on Thursday. The firm has a market capitalization of C$68.12 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.69 and a beta of 0.82. The firm’s fifty day simple moving average is C$67.39 and its 200-day simple moving average is C$63.72. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.

Insider Transactions at TC Energy

In other news, Director Trevor Ebl sold 9,554 shares of TC Energy stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$68.48, for a total transaction of C$654,219.70. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39. Insiders sold a total of 420,911 shares of company stock valued at $28,259,105 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a dividend yield of 6.80%. TC Energy’s dividend payout ratio is currently 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.