Q3 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 lifted their Q3 2024 earnings per share (EPS) estimates for TC Energy in a report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $1.07 for the quarter, up from their previous forecast of $0.99. 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 $0.90 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.34 EPS and FY2026 earnings at $3.25 EPS.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate of C$0.89 by C$0.05. The business had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%.

Several other analysts have also recently issued reports on TRP. JPMorgan Chase & Co. reduced their price objective on TC Energy from C$66.00 to C$60.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 8th. UBS Group upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. National Bankshares reduced their price objective on TC Energy from C$65.00 to C$60.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. Royal Bank of Canada increased their price objective on TC Energy from C$66.00 to C$67.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, Morgan Joseph upgraded TC Energy from an "underweight" rating to an "overweight" rating and raised their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$61.92.

TC Energy Stock Up 0.2 %

Shares of TSE TRP traded up C$0.11 during mid-day trading on Wednesday, hitting C$64.59. The company had a trading volume of 2,046,533 shares, compared to its average volume of 7,153,085. The company has a market capitalization of C$67.17 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy has a 1-year low of C$43.05 and a 1-year high of C$66.70. The business's 50-day simple moving average is C$62.91 and its 200 day simple moving average is C$56.76.

Insiders Place Their Bets

In other TC Energy news, Director Colin Lindley sold 2,773 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the transaction, the director now owns 697 shares of the company's stock, valued at approximately C$41,413.16. This trade represents a 0.00 % decrease in their ownership of the stock. In related news, Director Colin Lindley sold 2,773 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the transaction, the director now owns 697 shares of the company's stock, valued at C$41,413.16. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Christine R. Johnston sold 16,292 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total value of C$972,795.32. Following the transaction, the insider now directly owns 466 shares in the company, valued at approximately C$27,824.86. This represents a 0.00 % decrease in their position. Over the last 90 days, insiders have sold 95,479 shares of company stock valued at $5,860,018. 0.03% of the stock is currently owned by insiders.

TC Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy's payout ratio is 116.01%.

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.