What is Scotiabank’s Estimate for TC Energy FY2026 Earnings?

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of TC Energy in a note issued to investors on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.75 for the year, up from their prior forecast of $2.70. Scotiabank has an “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.78 per share. Scotiabank also issued estimates for TC Energy’s FY2027 earnings at $2.85 EPS.

TRP has been the subject of a number of other research reports. Jefferies Financial Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. TD upgraded shares of TC Energy to a “buy” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada reissued a “moderate buy” rating and set a $106.00 price objective on shares of TC Energy in a report on Friday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of TC Energy in a research report on Friday, July 31st. Finally, TD Securities reissued a “buy” rating on shares of TC Energy in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.75.

TC Energy Stock Performance

TC Energy stock opened at $62.50 on Tuesday. TC Energy has a 52 week low of $49.27 and a 52 week high of $71.47. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64. The stock has a market cap of $62.50 billion, a P/E ratio of 25.93 and a beta of 0.70. The stock has a 50 day moving average of $61.26 and a 200-day moving average of $63.39.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. TC Energy had a return on equity of 11.10% and a net margin of 22.91%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $0.82 EPS.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be given a C$0.88 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. TC Energy’s dividend payout ratio (DPR) is presently 104.98%.

Institutional Investors Weigh In On TC Energy

A number of institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC acquired a new stake in shares of TC Energy during the 1st quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in TC Energy in the second quarter worth $33,000. Halbert Hargrove Global Advisors LLC acquired a new position in TC Energy in the third quarter worth $35,000. Aberdeen Wealth Management LLC acquired a new position in TC Energy in the second quarter worth $51,000. Finally, Ascentis Independent Advisors bought a new stake in TC Energy during the first quarter valued at $49,000. 83.13% of the stock is currently owned by institutional investors.

About TC Energy

TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.