FY2024 EPS Estimates for TC Energy Raised by Atb Cap Markets

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities researchers at Atb Cap Markets boosted their FY2024 earnings per share (EPS) estimates for shares of TC Energy in a report released on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings of $2.95 per share for the year, up from their previous forecast of $2.94. The consensus estimate for TC Energy's current full-year earnings is $2.92 per share.

Several other research analysts have also recently issued reports on the stock. TD Securities initiated coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating for the company. StockNews.com started coverage on shares of TC Energy in a report on Wednesday, December 4th. They set a "hold" rating on the stock. BMO Capital Markets lifted their target price on shares of TC Energy from $66.00 to $70.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. The Goldman Sachs Group lifted their target price on shares of TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a research report on Monday, October 21st. Finally, Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, TC Energy has an average rating of "Hold" and a consensus price target of $56.00.

TC Energy Stock Up 1.2 %

Shares of TC Energy stock traded up $0.54 during trading on Monday, reaching $47.38. The company had a trading volume of 2,179,256 shares, compared to its average volume of 2,092,171. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The firm's fifty day moving average is $46.68 and its 200-day moving average is $46.48. The company has a market cap of $49.23 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

Hedge Funds Weigh In On TC Energy

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in TC Energy by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,687,141 shares of the pipeline company's stock valued at $2,035,952,000 after purchasing an additional 734,678 shares during the last quarter. FIL Ltd increased its position in shares of TC Energy by 10.3% in the fourth quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock worth $1,325,558,000 after purchasing an additional 2,644,627 shares during the last quarter. TD Asset Management Inc. boosted its stake in TC Energy by 2.1% in the fourth quarter. TD Asset Management Inc. now owns 16,437,150 shares of the pipeline company's stock worth $765,627,000 after buying an additional 344,485 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in TC Energy by 9.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,755,330 shares of the pipeline company's stock worth $686,763,000 after buying an additional 1,280,000 shares in the last quarter. Finally, Norges Bank purchased a new stake in TC Energy in the fourth quarter worth approximately $428,759,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

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.