Analysts Set Expectations for TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of TC Energy in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.98 per share for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

A number of other brokerages have also issued reports on TRP. TD Securities set a C$73.00 price target on shares of TC Energy and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. National Bankshares increased their price target on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, BMO Capital Markets increased their target price on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$73.00.

TC Energy Price Performance

TRP stock opened at C$65.50 on Thursday. The company has a market capitalization of C$68.12 billion, a PE ratio of 19.79, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The stock’s 50 day moving average is C$67.39 and its two-hundred day moving average is C$63.72. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The business had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%.

Insider Activity

In related news, Director Alexander (Alex) Oehler acquired 6,540 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$66.05 per share, for a total transaction of C$431,947.64. Also, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$67.75, for a total transaction of C$225,472.00. Over the last quarter, insiders sold 420,911 shares of company stock valued at $28,259,105. 0.03% of the stock is currently owned by company insiders.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a yield of 6.80%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

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.