US Capital Advisors Expects Increased Earnings for TC Energy

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at US Capital Advisors raised their Q4 2024 earnings per share estimates for shares of TC Energy in a research report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $1.02 per share for the quarter, up from their prior estimate of $0.90. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

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

Several other equities analysts have also recently weighed in on the stock. ATB Capital lifted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Barclays lifted their target price on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Scotiabank increased their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

TC Energy Stock Performance

Shares of TRP opened at C$67.28 on Wednesday. The company has a 50-day moving average of C$67.10 and a two-hundred day moving average of C$64.21. The stock has a market cap of C$69.97 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy has a one year low of C$43.83 and a one year high of C$70.32.

Insider Buying and Selling

In other news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Also, Director Alexander (Alex) Oehler purchased 6,540 shares of the stock in a transaction on Monday, December 30th. The stock was bought at an average price of C$66.05 per share, for a total transaction of C$431,947.64. In the last three months, insiders sold 408,029 shares of company stock valued at $27,379,414. Company insiders own 0.03% of the company’s stock.

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.