FY2024 EPS Estimates for TC Energy Lifted by Atb Cap Markets

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Research analysts at Atb Cap Markets upped their FY2024 EPS estimates for shares of TC Energy in a research note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will earn $2.95 per share for the year, up from their previous estimate of $2.94. The consensus estimate for TC Energy’s current full-year earnings is $2.92 per share.

TRP has been the subject of a number of other research reports. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. StockNews.com assumed coverage on TC Energy in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, TD Securities assumed coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus target price of $56.00.

TC Energy Stock Performance

NYSE TRP opened at $47.19 on Monday. The stock has a fifty day simple moving average of $46.78 and a 200 day simple moving average of $46.40. TC Energy has a twelve month low of $31.83 and a twelve month high of $50.37. The company has a market capitalization of $49.04 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 4.45 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78.

Hedge Funds Weigh In On TC Energy

A number of large investors have recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in shares of TC Energy in the third quarter valued at $28,000. Blue Trust Inc. raised its holdings in shares of TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 267 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in TC Energy in the 4th quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in TC Energy during the 4th quarter valued at about $33,000. Finally, Synergy Investment Management LLC bought a new stake in TC Energy during the 4th quarter worth approximately $36,000. 83.13% of the stock is currently owned by institutional investors.

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.