US Capital Advisors Research Analysts Lift Earnings Estimates for TC Energy Co. (TSE:TRP)

TC Energy Co. (TSE:TRPFree Report) (NYSE:TRP) – Equities researchers at US Capital Advisors lifted their FY2023 EPS estimates for TC Energy in a report released on Monday, January 29th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $4.18 per share for the year, up from their prior estimate of $4.12. The consensus estimate for TC Energy’s current full-year earnings is $4.17 per share. US Capital Advisors also issued estimates for TC Energy’s Q4 2023 earnings at $1.02 EPS, Q1 2024 earnings at $1.05 EPS, Q2 2024 earnings at $0.93 EPS, Q3 2024 earnings at $0.94 EPS, Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $3.92 EPS and FY2025 earnings at $3.97 EPS.

A number of other analysts have also issued reports on the stock. Scotiabank lowered their target price on shares of TC Energy from C$55.00 to C$54.00 in a research note on Tuesday, October 24th. CIBC upped their price objective on shares of TC Energy from C$54.00 to C$55.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. National Bankshares upped their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays upped their price objective on shares of TC Energy from C$53.00 to C$55.00 in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of TC Energy from C$57.00 to C$55.00 in a research note on Thursday, October 19th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$55.35.

Read Our Latest Stock Analysis on TRP

TC Energy Stock Up 0.6 %

Shares of TRP opened at C$53.35 on Thursday. The firm has a market capitalization of C$55.48 billion, a P/E ratio of -381.07, a P/E/G ratio of 0.70 and a beta of 0.80. TC Energy has a 12-month low of C$43.70 and a 12-month high of C$57.47. The company has a current ratio of 0.86, a quick ratio of 0.40 and a debt-to-equity ratio of 193.59. The firm has a fifty day moving average price of C$52.31 and a 200-day moving average price of C$49.90.

TC Energy (TSE:TRPGet Free Report) (NYSE:TRP) last issued its earnings results on Wednesday, November 8th. The company reported C$1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.03. The firm had revenue of C$3.94 billion during the quarter, compared to analyst estimates of C$3.23 billion. TC Energy had a net margin of 0.07% and a return on equity of 0.11%.

TC Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend was Thursday, December 28th. TC Energy’s payout ratio is -2,657.14%.

Insider Activity

In other news, Senior Officer Christine R. Johnston sold 1,850 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$51.35, for a total transaction of C$94,997.50. In other news, Director Troy Tally sold 900 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of C$38.11, for a total transaction of C$34,299.99. Also, Senior Officer Christine R. Johnston sold 1,850 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$51.35, for a total transaction of C$94,997.50. Insiders have sold a total of 3,690 shares of company stock worth $179,330 over the last 90 days. 0.04% of the stock is currently owned by corporate insiders.

About TC Energy

(Get Free Report)

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 93,700 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.

See Also

Earnings History and Estimates for TC Energy (TSE:TRP)

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