Brokers Offer Predictions for TC Energy FY2025 Earnings

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Atb Cap Markets dropped their FY2025 earnings per share estimates for shares of TC Energy in a research report issued to clients and investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $3.17 per share for the year, down from their prior estimate of $3.80. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

TRP has been the subject of several other reports. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group lifted their target price on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. CIBC raised their target price on TC Energy from C$70.00 to C$71.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, TD Securities upped their price target on TC Energy from C$73.00 to C$74.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$73.42.

TC Energy Stock Performance

TSE:TRP opened at C$68.86 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company has a 50-day moving average of C$66.81 and a 200-day moving average of C$66.73. TC Energy has a twelve month low of C$44.29 and a twelve month high of C$70.97. The firm has a market cap of C$71.01 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insider Buying and Selling

In other TC Energy news, Director Joshua Gibbon bought 600 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of C$69.15 per share, with a total value of C$41,492.88. Also, Senior Officer Michele L. Waters purchased 1,525 shares of the business's stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of C$64.68 per share, with a total value of C$98,630.90. In the last 90 days, insiders acquired 13,287 shares of company stock valued at $842,568 and sold 145,977 shares valued at $9,810,511. 0.03% of the stock is owned by insiders.

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.

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