TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Investment analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for TC Energy in a research report issued to clients and investors on Friday, April 4th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings per share of $0.70 for the quarter, up from their prior forecast of $0.67. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy's Q3 2025 earnings at $0.58 EPS, Q2 2026 earnings at $0.66 EPS, Q3 2026 earnings at $0.64 EPS, Q1 2027 earnings at $0.73 EPS and FY2027 earnings at $2.90 EPS.
TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter in the prior year, the business posted $1.35 EPS.
Several other brokerages have also recently issued reports on TRP. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Citigroup started coverage on shares of TC Energy in a research note on Friday, April 4th. They issued a "neutral" rating for the company. Royal Bank of Canada lifted their target price on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. TD Securities initiated coverage on TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.00.
Check Out Our Latest Research Report on TRP
TC Energy Stock Up 4.4 %
TC Energy stock traded up $2.01 during mid-day trading on Monday, hitting $47.42. The company had a trading volume of 2,834,721 shares, compared to its average volume of 2,661,918. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy has a 1 year low of $34.95 and a 1 year high of $50.37. The business has a fifty day moving average of $46.60 and a 200 day moving average of $46.95. The stock has a market cap of $49.28 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 4.34 and a beta of 0.74.
TC Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from TC Energy's previous quarterly dividend of $0.82. TC Energy's payout ratio is 72.53%.
Institutional Trading of TC Energy
Hedge funds have recently added to or reduced their stakes in the stock. Lowe Wealth Advisors LLC purchased a new stake in shares of TC Energy during the first quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in TC Energy in the 4th quarter valued at $31,000. Versant Capital Management Inc acquired a new position in TC Energy in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in TC Energy during the 4th quarter worth $36,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of TC Energy in the 3rd quarter worth $39,000. 83.13% of the stock is owned by institutional investors and hedge funds.
About TC Energy
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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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