TC Energy FY2025 EPS Lowered by National Bank Financial

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities researchers at National Bank Financial reduced their FY2025 earnings per share (EPS) estimates for TC Energy in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings of $2.83 per share for the year, down from their prior estimate of $2.84. The consensus estimate for TC Energy’s current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for TC Energy’s FY2026 earnings at $2.97 EPS and FY2027 earnings at $3.06 EPS.

Other analysts have also recently issued research reports about the stock. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. 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 objective on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Finally, Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.67.

TC Energy Price Performance

Shares of TRP stock opened at $47.78 on Thursday. TC Energy has a 12 month low of $31.83 and a 12 month high of $50.37. The stock has a 50-day moving average price of $47.75 and a 200 day moving average price of $45.23. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 3.88 and a beta of 0.82.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) 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%.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.822 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a dividend yield of 6.88%. TC Energy’s dividend payout ratio is 67.31%.

Hedge Funds Weigh In On TC Energy

Several large investors have recently bought and sold shares of TRP. Canada Pension Plan Investment Board raised its holdings in TC Energy by 107.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock worth $737,609,000 after purchasing an additional 10,065,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of TC Energy by 156.1% during the third 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 buying an additional 4,126,801 shares during the last quarter. Merewether Investment Management LP purchased a new stake in shares of TC Energy in the second quarter worth approximately $112,618,000. Marshall Wace LLP lifted its stake in TC Energy by 841.1% during the 2nd quarter. Marshall Wace LLP now owns 2,040,863 shares of the pipeline company’s stock valued at $77,349,000 after acquiring an additional 1,824,008 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in TC Energy during the third quarter worth about $73,162,000. 83.13% of the stock is currently owned by institutional investors.

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.