Q4 EPS Estimates for TC Energy Raised by US Capital Advisors

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Research analysts at US Capital Advisors increased their Q4 2024 EPS estimates for TC Energy in a report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the company will earn $1.02 per share for the quarter, up from their prior estimate of $0.90. US Capital Advisors currently has a "Moderate Buy" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy's Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

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 earnings per share for the quarter, topping analysts' consensus estimates of C$0.97 by C$0.06. The business had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%.

Several other brokerages have also issued reports on TRP. Morgan Joseph upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating and raised their price target for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. TD Securities set a C$73.00 price target on TC Energy and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada boosted their price objective on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. National Bankshares increased their target price on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, TC Energy has a consensus rating of "Moderate Buy" and an average target price of C$73.00.

TC Energy Stock Down 0.5 %

Shares of TRP traded down C$0.33 on Wednesday, reaching C$66.95. The company's stock had a trading volume of 3,336,841 shares, compared to its average volume of 4,788,917. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The stock has a market capitalization of C$69.63 billion, a PE ratio of 20.23, a PEG ratio of 1.69 and a beta of 0.82. 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 firm has a fifty day moving average of C$67.07 and a 200-day moving average of C$64.32.

Insider Activity at TC Energy

In other TC Energy news, Director Colin Lindley sold 3,194 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the sale, the director now directly owns 697 shares in the company, valued at approximately C$47,883.41. This trade represents a 82.09 % decrease in their position. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39. Insiders have sold 408,029 shares of company stock worth $27,379,414 over the last ninety days. 0.03% of the stock is owned by corporate 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.