US Capital Advisors Cuts Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Research analysts at US Capital Advisors dropped their FY2024 earnings estimates for shares of TC Energy in a research report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $4.23 per share for the year, down from their prior estimate of $4.39. 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 FY2025 earnings at $3.99 EPS and FY2026 earnings at $3.87 EPS.

A number of other research firms have also recently issued reports on TRP. Morgan Joseph upgraded TC Energy from an "underweight" rating to an "overweight" rating and increased their price target for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Raymond James upgraded shares of TC Energy to a "hold" rating in a report on Thursday, November 21st. CIBC upped their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the company a "neutral" rating in a report on Thursday, January 9th. Royal Bank of Canada raised their target price on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Finally, Barclays upped their price target on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$73.00.

TC Energy Trading Down 0.5 %

Shares of TC Energy stock traded down C$0.33 on Thursday, hitting C$66.95. 3,336,841 shares of the company's stock traded hands, compared to its average volume of 4,788,917. The company has a fifty day moving average of C$67.07 and a two-hundred day moving average of C$64.39. TC Energy has a one year low of C$43.83 and a one year high of C$70.32. The company has a market capitalization of C$69.63 billion, a price-to-earnings ratio of 20.23, 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 (TSE:TRP - Get Free Report) NYSE: TRP last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts' consensus estimates of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.08 billion for the quarter, compared to analysts' expectations of C$3.90 billion.

Insider Buying and Selling at TC Energy

In other news, Director Lindsay Mackay sold 3,520 shares of TC Energy stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00. Also, Director Jessica A. Kirstine sold 3,394 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$69.00, for a total transaction of C$234,186.00. Following the completion of the transaction, the director now directly owns 725 shares in the company, valued at C$50,025. This trade represents a 82.40 % decrease in their ownership of the stock. In the last three months, insiders have sold 408,029 shares of company stock worth $27,379,414. Corporate insiders own 0.03% of the company's stock.

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.