Q1 Earnings Estimate for TC Energy Issued By Atb Cap Markets

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities researchers at Atb Cap Markets reduced their Q1 2025 earnings per share estimates for TC Energy in a note issued to investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $0.68 per share for the quarter, down from their previous forecast of $0.71. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They issued a "neutral" rating on the stock. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. TD Securities started coverage on TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Stock Performance

Shares of TC Energy stock traded up $0.62 on Friday, hitting $50.22. The stock had a trading volume of 1,472,406 shares, compared to its average volume of 2,580,240. TC Energy has a twelve month low of $35.38 and a twelve month high of $50.37. The business's 50 day moving average is $47.03 and its two-hundred day moving average is $47.18. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The stock has a market cap of $52.21 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share.

Institutional Investors Weigh In On TC Energy

A number of large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of TC Energy in the 4th quarter valued at $428,759,000. Mufg Securities Canada LTD. lifted its stake in shares of TC Energy by 571.7% in the 4th quarter. Mufg Securities Canada LTD. now owns 6,184,832 shares of the pipeline company's stock valued at $288,043,000 after acquiring an additional 5,264,079 shares during the last quarter. Blackstone Inc. lifted its stake in shares of TC Energy by 83.8% in the 4th quarter. Blackstone Inc. now owns 7,637,469 shares of the pipeline company's stock valued at $355,371,000 after acquiring an additional 3,482,874 shares during the last quarter. FIL Ltd lifted its stake in shares of TC Energy by 10.3% in the 4th quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock valued at $1,325,558,000 after acquiring an additional 2,644,627 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of TC Energy in the 4th quarter valued at $102,405,000. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio (DPR) is currently 72.84%.

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.