Atb Cap Markets Lowers Earnings Estimates for TC Energy

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities research analysts at Atb Cap Markets reduced their FY2025 EPS estimates for TC Energy in a research note issued to investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings per share of $2.28 for the year, down from their previous estimate of $2.66. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

Other equities analysts also recently issued research reports about the stock. TD Securities started coverage on shares of TC Energy in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Citigroup initiated coverage on TC Energy in a research note on Friday, April 4th. They issued a “neutral” rating for the company. StockNews.com cut TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.00.

TC Energy Stock Performance

TRP opened at $49.61 on Monday. TC Energy has a 12-month low of $35.38 and a 12-month high of $50.37. The company has a market cap of $51.58 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 4.34 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The company’s 50 day moving average is $47.03 and its 200 day moving average is $47.18.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.54. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same period last year, the business posted $1.35 EPS.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.85 per share. The ex-dividend date is Monday, March 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.85%. TC Energy’s payout ratio is currently 72.84%.

Hedge Funds Weigh In On TC Energy

Several hedge funds have recently added to or reduced their stakes in TRP. Lowe Wealth Advisors LLC purchased a new position in shares of TC Energy during the first quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in TC Energy in the 4th quarter worth about $31,000. Versant Capital Management Inc purchased a new position in shares of TC Energy during the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of TC Energy during the fourth quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of TC Energy in the fourth quarter valued at approximately $41,000. 83.13% of the stock is currently owned by institutional investors.

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.