FY2025 EPS Estimates for TC Energy Cut by Atb Cap Markets

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Analysts at Atb Cap Markets reduced 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 expects that the pipeline company will earn $2.28 per share for the year, down from their prior estimate of $2.66. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

Other analysts have also issued research reports about the stock. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. TD Securities assumed coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada boosted their target price on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Citigroup started coverage on TC Energy in a report on Friday, April 4th. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Trading Up 0.2 %

Shares of TC Energy stock opened at $49.61 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. TC Energy has a 52 week low of $35.38 and a 52 week high of $50.37. The stock has a 50 day moving average price of $47.03 and a two-hundred day moving average price of $47.18. The stock has a market capitalization of $51.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm posted $1.35 earnings per share.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 6.85%. This is a boost from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's payout ratio is presently 72.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TRP. Lowe Wealth Advisors LLC purchased a new stake in TC Energy in the first quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in TC Energy during the 4th quarter valued at about $31,000. Versant Capital Management Inc bought a new stake in TC Energy during the fourth quarter worth about $33,000. Synergy Investment Management LLC purchased a new stake in TC Energy in the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC bought a new position in shares of TC Energy during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 83.13% 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.

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