Brokers Issue Forecasts for TC Energy FY2025 Earnings

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Research analysts at National Bank Financial boosted their FY2025 earnings estimates for shares of TC Energy in a research report issued on Tuesday, November 19th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $3.94 per share for the year, up from their previous forecast of $3.86. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

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

A number of other analysts also recently issued reports on the stock. Barclays boosted their price objective on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday. Wells Fargo & Company boosted their price target on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday. UBS Group upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. Royal Bank of Canada upped their target price on TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on TC Energy from C$70.00 to C$79.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy currently has an average rating of "Hold" and an average target price of C$69.54.

TC Energy Stock Down 1.2 %

TRP stock opened at C$68.79 on Thursday. The business's fifty day moving average price is C$64.70 and its two-hundred day moving average price is C$58.75. The stock has a market capitalization of C$71.54 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.24. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

Insider Activity at TC Energy

In related news, Director Mark Yeomans sold 6,500 shares of TC Energy stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total value of C$400,297.95. Also, Director Colin Lindley sold 3,194 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the sale, the director now directly owns 697 shares in the company, valued at approximately C$47,883.41. This trade represents a 82.09 % decrease in their ownership of the stock. Insiders have sold a total of 89,490 shares of company stock valued at $5,749,355 over the last 90 days. Insiders own 0.03% of the company's stock.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.47%. This is a positive change from TC Energy's previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy's dividend payout ratio is presently 116.01%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.