TC Energy FY2024 EPS Estimate Increased by Atb Cap Markets

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at Atb Cap Markets upped their FY2024 EPS estimates for shares of TC Energy in a research note issued to investors on Tuesday, November 19th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $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.

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

Other equities research analysts have also recently issued reports about the stock. Barclays increased their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday. National Bankshares increased their price objective on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday. Scotiabank increased their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday. CIBC increased their target price on shares of TC Energy from C$67.00 to C$68.00 in a research note on Wednesday. Finally, Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their target price for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$69.54.

TC Energy Trading Up 2.0 %

TRP opened at C$70.14 on Thursday. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.24. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The company has a fifty day moving average of C$64.86 and a 200-day moving average of C$58.90. The stock has a market cap of C$72.95 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $1.113 dividend. 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%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio is currently 116.01%.

Insider Activity

In related news, Director Mark Yeomans sold 6,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$61.58, for a total transaction of C$400,297.95. Also, Director Greg Grant sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$62.62, for a total transaction of C$751,384.80. Insiders sold a total of 214,476 shares of company stock worth $14,299,929 over the last quarter. Insiders own 0.03% 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.