FY2026 Earnings Forecast for TC Energy Issued By Scotiabank

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at Scotiabank issued their FY2026 EPS estimates for TC Energy in a research report issued on Wednesday, January 8th. Scotiabank analyst R. Hope expects that the pipeline company will post earnings per share of $2.73 for the year. The consensus estimate for TC Energy's current full-year earnings is $3.00 per share.

Other equities analysts have also recently issued research reports about the stock. UBS Group upgraded shares of TC Energy from a "neutral" rating to a "buy" rating in a research report on Monday, September 30th. BMO Capital Markets boosted their target price on shares of TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. StockNews.com initiated coverage on shares of TC Energy in a research note on Wednesday, December 4th. They set a "hold" rating for the company. Finally, Veritas raised shares of TC Energy to a "strong sell" rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.67.

TC Energy Price Performance

TRP traded down $1.08 during midday trading on Friday, reaching $46.71. 2,534,315 shares of the company's stock were exchanged, compared to its average volume of 1,602,869. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The stock has a market capitalization of $48.52 billion, a PE ratio of 12.94, a P/E/G ratio of 3.88 and a beta of 0.82. The business's 50-day moving average price is $47.76 and its 200 day moving average price is $45.28. TC Energy has a 1-year low of $31.83 and a 1-year high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.822 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 annualized dividend and a yield of 7.04%. TC Energy's payout ratio is presently 67.31%.

Hedge Funds Weigh In On TC Energy

A number of institutional investors and hedge funds have recently bought and sold shares of TRP. Private Advisor Group LLC lifted its holdings in TC Energy by 4.7% in the 2nd quarter. Private Advisor Group LLC now owns 25,592 shares of the pipeline company's stock valued at $970,000 after acquiring an additional 1,142 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of TC Energy in the second quarter valued at approximately $1,510,000. Ashton Thomas Private Wealth LLC bought a new position in shares of TC Energy in the second quarter valued at approximately $51,000. Thornburg Investment Management Inc. raised its position in shares of TC Energy by 42.0% in the second quarter. Thornburg Investment Management Inc. now owns 3,590,617 shares of the pipeline company's stock valued at $136,148,000 after purchasing an additional 1,062,805 shares during the period. Finally, Rathbones Group PLC bought a new position in TC Energy during the second quarter worth $564,000. 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.