FY2025 EPS Estimates for TC Energy Lifted by Analyst

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities researchers at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for shares of TC Energy in a report released on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings per share of $2.90 for the year, up from their previous estimate of $2.80. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

A number of other analysts have also weighed in on the stock. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Citigroup initiated coverage on shares of TC Energy in a research note on Friday, April 4th. They issued a "neutral" rating for the company. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada lifted their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Trading Up 1.2 %

Shares of NYSE:TRP traded up $0.62 on Friday, hitting $50.22. The company had a trading volume of 1,472,406 shares, compared to its average volume of 2,580,240. The firm's 50-day simple moving average is $47.03 and its two-hundred day simple moving average is $47.18. TC Energy has a 1 year low of $35.38 and a 1 year high of $50.37. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $52.21 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 4.34 and a beta of 0.74.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates 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 firm posted $1.35 earnings per share.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.77%. TC Energy's dividend payout ratio (DPR) is presently 72.84%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lowe Wealth Advisors LLC purchased a new position in shares of TC Energy during the first quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new position in shares of TC Energy during the fourth quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in shares of TC Energy during the fourth quarter valued at about $33,000. Synergy Investment Management LLC purchased a new position in TC Energy in the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC purchased a new position in TC Energy in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 83.13% 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.