Research Analysts Set Expectations for TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of TC Energy in a report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will earn $0.98 per share for the quarter. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

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

A number of other research analysts have also recently issued reports on the company. CIBC raised their price objective on TC Energy from C$68.00 to C$70.00 and gave the company a "neutral" rating in a research note on Thursday, January 9th. Veritas upgraded TC Energy to a "strong sell" rating in a research report on Tuesday, October 8th. Morgan Joseph upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating and raised their target price for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Raymond James upgraded shares of TC Energy to a "hold" rating in a report on Thursday, November 21st. Finally, National Bankshares raised their price target on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$73.00.

TC Energy Trading Up 0.0 %

Shares of TRP stock traded up C$0.03 on Thursday, hitting C$65.50. 2,090,343 shares of the company's stock traded hands, compared to its average volume of 4,914,828. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a market capitalization of C$68.12 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.69 and a beta of 0.82. The company's fifty day simple moving average is C$67.39 and its 200 day simple moving average is C$63.72. TC Energy has a one year low of C$43.83 and a one year high of C$70.32.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given 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 yield of 6.80%. This is a positive change from TC Energy's previous quarterly dividend of $0.96. TC Energy's dividend payout ratio (DPR) is currently 116.01%.

Insider Activity

In other TC Energy news, Director Trevor Ebl sold 9,554 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total value of C$654,219.70. Also, Director Alexander (Alex) Oehler purchased 6,540 shares of TC Energy stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$66.05 per share, with a total value of C$431,947.64. In the last 90 days, insiders have sold 420,911 shares of company stock worth $28,259,105. Corporate insiders own 0.03% 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.