National Bank Financial Comments on TC Energy Q1 Earnings

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for TC Energy in a report released on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the pipeline company will post earnings of $0.71 per share for the quarter. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The business 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 company posted $1.35 earnings per share.

TRP has been the subject of several other research reports. Citigroup assumed coverage on TC Energy in a report on Friday, April 4th. They set a "neutral" rating for the company. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada raised their price target on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. TD Securities initiated coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Trading Down 0.2 %

NYSE:TRP opened at $48.92 on Thursday. The stock has a market capitalization of $50.84 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 4.34 and a beta of 0.74. TC Energy has a 52 week low of $35.38 and a 52 week high of $50.37. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average of $46.90 and a 200 day moving average of $47.08.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.95%. This is a positive change from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio is presently 72.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of TC Energy by 19.9% in the third quarter. Barclays PLC now owns 528,528 shares of the pipeline company's stock worth $25,132,000 after buying an additional 87,885 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in TC Energy in the 3rd quarter worth approximately $186,000. Centerstone Investors LLC grew its stake in shares of TC Energy by 3.4% during the 3rd quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company's stock worth $14,550,000 after purchasing an additional 10,890 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of TC Energy by 58.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company's stock valued at $409,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of TC Energy in the 4th quarter valued at $33,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

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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