Scotiabank Forecasts TC Energy’s FY2026 Earnings (NYSE:TRP)

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Analysts at Scotiabank lowered their FY2026 earnings estimates for shares of TC Energy in a note issued to investors on Thursday, July 23rd. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings per share of $2.66 for the year, down from their previous forecast of $2.69. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.72 per share.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.20 billion. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. During the same period in the prior year, the firm earned $0.95 earnings per share.

Other research analysts have also recently issued reports about the stock. TD Securities reissued a “hold” rating on shares of TC Energy in a report on Thursday, July 16th. BMO Capital Markets restated an “outperform” rating on shares of TC Energy in a report on Monday, May 4th. Weiss Ratings cut TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “neutral” rating and upped their target price for the company from $53.00 to $62.00 in a research report on Monday, April 20th. Finally, National Bank Financial upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

TC Energy Stock Performance

Shares of TRP stock opened at $69.86 on Friday. The company has a market capitalization of $72.79 billion, a price-to-earnings ratio of 30.32 and a beta of 0.66. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.57 and a current ratio of 0.65. The company has a 50-day simple moving average of $68.56 and a 200 day simple moving average of $63.88. TC Energy has a 52 week low of $46.61 and a 52 week high of $71.47.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Cardinal Capital Management Inc. boosted its stake in shares of TC Energy by 0.7% in the second quarter. Cardinal Capital Management Inc. now owns 2,553,583 shares of the pipeline company’s stock valued at $168,773,000 after buying an additional 18,907 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in TC Energy by 21.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,725 shares of the pipeline company’s stock valued at $578,000 after acquiring an additional 1,570 shares in the last quarter. First Bank & Trust lifted its position in shares of TC Energy by 1.4% during the 2nd quarter. First Bank & Trust now owns 60,843 shares of the pipeline company’s stock valued at $4,033,000 after acquiring an additional 860 shares during the period. Wealth Science Advisors LLC grew its holdings in shares of TC Energy by 19.3% during the 2nd quarter. Wealth Science Advisors LLC now owns 4,719 shares of the pipeline company’s stock worth $313,000 after purchasing an additional 764 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of TC Energy by 9.0% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 102,988 shares of the pipeline company’s stock worth $6,818,000 after purchasing an additional 8,496 shares in the last quarter. 83.13% of the stock is owned by institutional investors.

TC Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. TC Energy’s payout ratio is currently 107.39%.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long?distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.