TC Energy FY2024 EPS Estimate Boosted by Atb Cap Markets

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Investment analysts at Atb Cap Markets raised their FY2024 earnings per share estimates for shares of TC Energy in a research note issued to investors on Tuesday, November 19th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings of $2.94 per share for the year, up from their previous forecast of $2.93. The consensus estimate for TC Energy’s current full-year earnings is $2.98 per share. Atb Cap Markets also issued estimates for TC Energy’s Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.67 EPS, FY2025 earnings at $2.82 EPS and FY2026 earnings at $2.95 EPS.

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

A number of other research firms have also recently commented on TRP. UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. BMO Capital Markets lifted their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday. StockNews.com started coverage on TC Energy in a report on Monday. They issued a “hold” rating for the company. The Goldman Sachs Group lifted their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. Finally, Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average target price of $55.67.

TC Energy Trading Up 2.1 %

TC Energy stock opened at $50.22 on Thursday. The stock has a market cap of $52.12 billion, a PE ratio of 13.91, a P/E/G ratio of 4.19 and a beta of 0.81. The stock has a 50-day moving average price of $47.16 and a 200 day moving average price of $43.10. TC Energy has a 52 week low of $31.83 and a 52 week high of $50.29. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78.

Hedge Funds Weigh In On TC Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TRP. SG Americas Securities LLC purchased a new stake in shares of TC Energy during the 1st quarter valued at about $104,000. O Shaughnessy Asset Management LLC raised its stake in shares of TC Energy by 13.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,818 shares of the pipeline company’s stock valued at $1,279,000 after purchasing an additional 3,758 shares during the period. Bessemer Group Inc. lifted its position in shares of TC Energy by 178.0% during the first quarter. Bessemer Group Inc. now owns 36,117 shares of the pipeline company’s stock worth $1,451,000 after purchasing an additional 23,125 shares in the last quarter. Natixis purchased a new position in shares of TC Energy in the first quarter valued at $270,000. Finally, Capital International Inc. CA grew its holdings in TC Energy by 24.2% during the 1st quarter. Capital International Inc. CA now owns 478,438 shares of the pipeline company’s stock valued at $19,232,000 after purchasing an additional 93,173 shares in the last quarter. Institutional investors and hedge funds own 83.13% 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. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This represents a $3.29 dividend on an annualized basis and a yield of 6.55%. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is 78.95%.

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.