Raymond James Weighs in on TC Energy’s Q4 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at Raymond James issued their Q4 2024 earnings per share estimates for shares of TC Energy in a note issued to investors on Thursday, November 21st. Raymond James analyst A. Bradford forecasts that the company will earn $0.95 per share for the quarter. Raymond James has a “Hold” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Raymond James also issued estimates for TC Energy’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.80 EPS.

Other equities research analysts have also recently issued reports about the company. Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. UBS Group upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. ATB Capital increased their target price on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Finally, Scotiabank increased their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and an average price target of C$69.54.

TC Energy Stock Down 0.1 %

Shares of TSE TRP opened at C$68.54 on Monday. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$70.32. The firm has a market capitalization of C$71.28 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.69 and a beta of 0.82. The stock has a 50 day moving average price of C$65.23 and a 200 day moving average price of C$59.28. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The firm 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%.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend on an annualized basis and a dividend yield of 6.50%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is 116.01%.

Insiders Place Their Bets

In other news, Director Colin Lindley sold 3,194 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the completion of the sale, the director now owns 697 shares in the company, valued at approximately C$47,883.41. The trade was a 82.09 % decrease in their position. Also, Director Greg Grant sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$62.62, for a total value of C$751,384.80. Insiders have sold a total of 214,476 shares of company stock worth $14,299,929 in the last quarter. 0.03% of the stock is owned by company insiders.

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.