National Bank Financial Predicts TC Energy Q4 Earnings

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Research analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for shares of TC Energy in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the pipeline company will post earnings of $0.68 per share for the quarter. The consensus estimate for TC Energy's current full-year earnings is $2.95 per share.

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

TC Energy Price Performance

Shares of TRP stock traded down $0.10 during trading hours on Thursday, reaching $45.27. The company's stock had a trading volume of 1,411,355 shares, compared to its average volume of 2,112,983. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The firm's 50 day simple moving average is $47.19 and its 200-day simple moving average is $46.09. 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 company has a market capitalization of $47.04 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 4.45 and a beta of 0.82.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its position in shares of TC Energy by 315.5% during the 2nd quarter. Squarepoint Ops LLC now owns 76,186 shares of the pipeline company's stock worth $2,887,000 after purchasing an additional 57,848 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of TC Energy by 9.5% in the 2nd quarter. NewEdge Advisors LLC now owns 46,687 shares of the pipeline company's stock worth $1,769,000 after purchasing an additional 4,068 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of TC Energy by 5.2% in the second quarter. Cetera Investment Advisers now owns 103,894 shares of the pipeline company's stock valued at $3,938,000 after buying an additional 5,165 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of TC Energy during the second quarter worth about $742,000. Finally, Atomi Financial Group Inc. boosted its stake in TC Energy by 63.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,716 shares of the pipeline company's stock valued at $557,000 after purchasing an additional 4,561 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TC Energy's previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a dividend yield of 7.26%. TC Energy's dividend payout ratio is 63.16%.

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.