National Bank Financial Forecasts TC Energy Q4 Earnings

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of TC Energy in a note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the pipeline company will post earnings per share of $0.68 for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $2.94 per share.

TRP has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. StockNews.com started coverage on TC Energy in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. The Goldman Sachs Group raised their price target on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research note on Monday, October 21st. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, TD Securities started coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. Two investment 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. According to data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average target price of $56.00.

TC Energy Stock Performance

Shares of NYSE:TRP opened at $45.07 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $47.09 and a 200-day moving average price of $46.09. The company has a market cap of $46.83 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 4.34 and a beta of 0.82. TC Energy has a 12 month low of $31.83 and a 12 month high of $50.37.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The company had revenue of $2.99 billion during 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

A number of hedge funds and other institutional investors have recently modified their holdings of TRP. Fortitude Family Office LLC purchased a new position in TC Energy during the third quarter valued at $28,000. Blue Trust Inc. increased its holdings in shares of TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 267 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of TC Energy in the 4th quarter worth about $33,000. Point72 DIFC Ltd bought a new position in TC Energy in the 3rd quarter worth about $39,000. Finally, UMB Bank n.a. purchased a new stake in TC Energy during the 4th quarter valued at about $47,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.822 per share. This represents a $3.29 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date was Tuesday, December 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s payout ratio is 63.43%.

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.