US Capital Advisors Predicts TC Energy FY2024 Earnings

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - US Capital Advisors upped their FY2024 EPS estimates for shares of TC Energy in a research note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $4.39 for the year, up from their previous estimate of $4.04. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy's Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.90 EPS, FY2025 earnings at $3.47 EPS and FY2026 earnings at $3.34 EPS.

A number of other research analysts have also recently commented on TRP. Scotiabank increased their price target on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Wells Fargo & Company raised their price objective on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their target price on TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$69.54.

TC Energy Price Performance

Shares of TRP stock traded down C$0.02 on Thursday, reaching C$67.91. The company had a trading volume of 482,733 shares, compared to its average volume of 6,746,108. TC Energy has a one year low of C$43.83 and a one year high of C$70.32. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The stock has a market capitalization of C$70.63 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The business's 50-day moving average is C$65.32 and its 200 day moving average is C$59.39.

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

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a dividend yield of 6.56%. This is a positive change from TC Energy's previous quarterly dividend of $0.96. TC Energy's dividend payout ratio is currently 116.01%.

Insider Buying and Selling

In other TC Energy news, Senior Officer Patrick M. Keys sold 17,127 shares of TC Energy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$62.71, for a total transaction of C$1,074,049.58. Also, Director David Brast sold 6,743 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$69.01, for a total value of C$465,353.98. In the last three months, insiders have sold 207,976 shares of company stock valued at $13,899,631. 0.03% of the stock is owned by company insiders.

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.