US Capital Advisors Raises Earnings Estimates for TC Energy

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Stock analysts at US Capital Advisors lifted their Q4 2024 EPS estimates for TC Energy in a note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.70 per share for the quarter, up from their prior estimate of $0.65. US Capital Advisors has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.95 per share. US Capital Advisors also issued estimates for TC Energy’s 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 research firms also recently commented on TRP. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. StockNews.com initiated coverage on TC Energy in a report on Wednesday, December 4th. They issued a “hold” rating for the company. The Goldman Sachs Group increased their target price on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. TD Securities started coverage on TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.00.

TC Energy Stock Up 0.9 %

TC Energy stock opened at $47.09 on Wednesday. The firm has a market cap of $48.93 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 4.31 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. TC Energy has a 12 month low of $31.83 and a 12 month high of $50.37. The stock has a fifty day simple moving average of $46.88 and a two-hundred day simple moving average of $46.29.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.83 billion.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC bought a new stake in shares of TC Energy in the 3rd quarter valued at approximately $28,000. Blue Trust Inc. raised its holdings in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after buying an additional 267 shares during the period. Versant Capital Management Inc bought a new stake in TC Energy in the fourth quarter worth $33,000. Point72 DIFC Ltd purchased a new position in TC Energy during the third quarter worth $39,000. Finally, First Command Advisory Services Inc. bought a new position in TC Energy during the fourth quarter valued at $46,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

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.