What is Zacks Research’s Estimate for TC Energy Q4 Earnings?

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities research analysts at Zacks Research reduced their Q4 2024 EPS estimates for TC Energy in a research note issued to investors on Thursday, December 12th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings of $0.62 per share for the quarter, down from their prior estimate of $0.64. The consensus estimate for TC Energy’s current full-year earnings is $3.00 per share. Zacks Research also issued estimates for TC Energy’s Q3 2025 earnings at $0.59 EPS and Q4 2025 earnings at $0.73 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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.

A number of other research analysts have also recently commented on TRP. Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. StockNews.com initiated coverage on shares of TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. 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 company. Based on data from MarketBeat.com, TC Energy currently has an average rating of “Hold” and a consensus price target of $55.67.

TC Energy Stock Performance

NYSE:TRP opened at $46.05 on Monday. The company’s 50-day moving average is $47.76 and its two-hundred day moving average is $44.33. TC Energy has a 1-year low of $31.83 and a 1-year high of $50.37. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The firm has a market capitalization of $47.79 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 3.88 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TRP. Captrust Financial Advisors boosted its position in TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock valued at $871,000 after buying an additional 242 shares during the period. Signaturefd LLC boosted its holdings in TC Energy by 1.6% in the second quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock valued at $621,000 after purchasing an additional 261 shares during the period. Prospera Financial Services Inc boosted its holdings in TC Energy by 4.8% in the third quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company’s stock valued at $274,000 after purchasing an additional 262 shares during the period. First Horizon Advisors Inc. grew its stake in TC Energy by 8.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company’s stock worth $167,000 after purchasing an additional 264 shares in the last quarter. Finally, Blue Trust Inc. increased 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 worth $30,000 after purchasing an additional 267 shares during the period. 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. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This represents a $3.29 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s dividend payout ratio is currently 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.