Q4 EPS Estimates for TC Energy Raised by US Capital Advisors

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities research analysts at US Capital Advisors increased their Q4 2024 EPS estimates for TC Energy in a report released on Monday, February 3rd. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.70 per share for the quarter, up from their prior forecast 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.

Several other brokerages also recently commented on TRP. StockNews.com started coverage on TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price target on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. Finally, TD Securities began coverage on TC Energy in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.00.

TC Energy Trading Down 0.3 %

TRP opened at $46.98 on Wednesday. TC Energy has a one year low of $31.83 and a one year high of $50.37. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The stock has a market cap of $48.81 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 4.31 and a beta of 0.81. The stock’s 50 day moving average price is $46.85 and its 200-day moving average price is $46.29.

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

Institutional Trading of TC Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of TC Energy by 8.4% in the fourth quarter. CIBC Asset Management Inc now owns 7,123,344 shares of the pipeline company’s stock worth $331,863,000 after buying an additional 551,980 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of TC Energy by 156.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock valued at $321,778,000 after acquiring an additional 4,126,801 shares during the last quarter. Geode Capital Management LLC grew its position in TC Energy by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock worth $225,890,000 after acquiring an additional 360,548 shares during the period. Merewether Investment Management LP lifted its holdings in shares of TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock worth $194,776,000 after acquiring an additional 1,127,000 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in TC Energy by 29.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock valued at $152,072,000 after acquiring an additional 722,619 shares during the period. Institutional investors own 83.13% 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.