TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Analysts at Raymond James issued their Q4 2024 earnings estimates for shares of TC Energy in a note issued to investors on Thursday, November 21st. Raymond James analyst A. Bradford forecasts that the company will post earnings of $0.95 per share for the quarter. Raymond James has a "Hold" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. Raymond James also issued estimates for TC Energy's Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.80 EPS.
TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts' consensus estimates of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion.
Other analysts also recently issued reports about the stock. Barclays increased their price target on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. BMO Capital Markets increased their target price on shares of TC Energy from C$66.00 to C$70.00 in a report on Wednesday, November 20th. Jefferies Financial Group upped their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th. Morgan Joseph upgraded TC Energy from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, Scotiabank increased their price target on TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy has an average rating of "Hold" and a consensus price target of C$69.54.
Read Our Latest Report on TRP
TC Energy Trading Down 1.5 %
Shares of TSE:TRP traded down C$1.05 during midday trading on Monday, hitting C$68.60. The company had a trading volume of 3,999,974 shares, compared to its average volume of 6,810,431. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.32. The firm has a fifty day simple moving average of C$65.13 and a 200 day simple moving average of C$59.16. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock has a market cap of C$71.34 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.69 and a beta of 0.82.
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. This is an increase from TC Energy's previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a yield of 6.49%. The ex-dividend date is Tuesday, December 31st. TC Energy's payout ratio is currently 116.01%.
Insider Buying and Selling at TC Energy
In related news, Senior Officer Francois Lionel Poirier sold 118,243 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total transaction of C$8,085,219.85. Also, Director Mark Yeomans sold 6,500 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$61.58, for a total value of C$400,297.95. In the last quarter, insiders have sold 214,476 shares of company stock valued at $14,299,929. 0.03% of the stock is currently owned by corporate insiders.
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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