Analysts Set Expectations for TC Energy FY2025 Earnings

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities research analysts at National Bank Financial lifted their FY2025 EPS estimates for shares of TC Energy in a report issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $4.03 for the year, up from their prior forecast of $4.00. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

Other research analysts have also recently issued reports about the stock. Citigroup raised shares of TC Energy to a "hold" rating in a research note on Friday, April 4th. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. CIBC lifted their target price on shares of TC Energy from C$70.00 to C$71.00 and gave the stock a "neutral" rating in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Finally, Royal Bank of Canada lifted their target price on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, TC Energy currently has an average rating of "Moderate Buy" and a consensus price target of C$73.42.

TC Energy Price Performance

Shares of TRP traded up C$0.54 during mid-day trading on Friday, reaching C$69.40. 8,994,645 shares of the company's stock were exchanged, compared to its average volume of 6,747,297. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The company has a 50-day simple moving average of C$66.81 and a two-hundred day simple moving average of C$66.73. TC Energy has a 52-week low of C$44.29 and a 52-week high of C$70.97. The company has a market cap of C$71.57 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.69 and a beta of 0.82.

Insider Activity at TC Energy

In other news, Director Francois Lionel Poirier acquired 4,800 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of C$65.05 per share, with a total value of C$312,239.52. Also, Director Danika Yeager acquired 1,817 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of C$69.23 per share, with a total value of C$125,784.97. In the last three months, insiders purchased 13,287 shares of company stock worth $842,568 and sold 145,977 shares worth $9,810,511. 0.03% of the stock is owned by 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.