TC Energy FY2025 EPS Raised by National Bank Financial

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Stock analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of TC Energy in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $3.94 per share for the year, up from their prior estimate 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 posted its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The firm 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%.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday. UBS Group raised TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. ATB Capital lifted their target price on TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. CIBC boosted their price target on TC Energy from C$67.00 to C$68.00 in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on TC Energy from C$64.00 to C$65.00 in a research report on Wednesday. Two equities research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$69.54.

TC Energy Stock Up 2.0 %

TRP stock traded up C$1.35 during mid-day trading on Thursday, hitting C$70.14. The stock had a trading volume of 3,234,486 shares, compared to its average volume of 6,846,128. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock has a market capitalization of C$72.95 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.69 and a beta of 0.82. The company has a fifty day moving average of C$64.70 and a 200 day moving average of C$58.75. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.24.

TC Energy Increases Dividend

The firm 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 $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy's previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a dividend yield of 6.35%. TC Energy's dividend payout ratio (DPR) is 116.01%.

Insider Transactions at TC Energy

In other news, Senior Officer Dawn Elizabeth De Lima bought 545 shares of TC Energy stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Also, Senior Officer Patrick M. Keys sold 17,127 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$62.71, for a total value of C$1,074,049.58. In the last ninety days, insiders sold 214,476 shares of company stock valued at $14,299,929. Corporate insiders own 0.03% of the company's stock.

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.