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

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at US Capital Advisors lifted their Q3 2024 EPS estimates for shares of TC Energy in a report issued on Monday, July 29th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $1.00 per share for the quarter, up from their prior estimate of $0.94. The consensus estimate for TC Energy’s current full-year earnings is $4.19 per share. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $1.11 EPS, Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $4.17 EPS and FY2026 earnings at $4.13 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, May 3rd. The company reported C$1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.14 by C$0.10. The company had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$4.26 billion. TC Energy had a net margin of 17.31% and a return on equity of 8.37%.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets upped their target price on TC Energy from C$55.00 to C$57.00 in a research report on Friday. Jefferies Financial Group upped their price target on TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Wells Fargo & Company lifted their price objective on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. JPMorgan Chase & Co. upped their target price on shares of TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, National Bankshares lifted their price target on shares of TC Energy from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$56.73.

TC Energy Stock Down 0.7 %

Shares of TC Energy stock opened at C$59.29 on Thursday. TC Energy has a twelve month low of C$44.70 and a twelve month high of C$59.98. The stock has a market cap of C$61.66 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 0.26 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 163.01. The company has a fifty day moving average price of C$53.97 and a 200 day moving average price of C$52.95.

Insiders Place Their Bets

In related news, Senior Officer Christine R. Johnston sold 1,330 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$53.15, for a total transaction of C$70,689.50. Following the sale, the insider now owns 466 shares in the company, valued at C$24,767.90. In related news, Senior Officer Christine R. Johnston sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total transaction of C$70,689.50. Following the completion of the transaction, the insider now owns 466 shares in the company, valued at approximately C$24,767.90. Also, Director Kevin B. Engel sold 546 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total value of C$29,227.38. Insiders sold a total of 6,876 shares of company stock valued at $299,917 over the last 90 days. 0.04% of the stock is owned by company insiders.

TC Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is presently 147.69%.

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.