TC Energy Co. (TSE:TRP – Free Report) (NYSE:TRP) – Equities researchers at Atb Cap Markets increased their FY2025 earnings per share estimates for shares of TC Energy in a research report issued on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $3.42 for the year, up from their prior estimate of $3.31. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.
Other equities research analysts have also recently issued reports about the company. CIBC lifted their target price on TC Energy from C$71.00 to C$76.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Scotiabank lifted their target price on TC Energy from C$75.00 to C$77.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. TD Securities lifted their price objective on TC Energy from C$74.00 to C$76.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Citigroup raised TC Energy to a “hold” rating in a research note on Friday, April 4th. Finally, Cibc World Mkts raised TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, TC Energy has a consensus rating of “Moderate Buy” and an average price target of C$74.17.
TC Energy Trading Up 0.6%
TRP stock opened at C$65.24 on Monday. The business has a fifty day moving average price of C$67.22 and a 200 day moving average price of C$67.21. TC Energy has a fifty-two week low of C$51.66 and a fifty-two week high of C$71.12. The stock has a market capitalization of C$67.28 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.
TC Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 5.21%. TC Energy’s dividend payout ratio is 76.37%.
Insider Transactions at TC Energy
In other news, Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$69.55, for a total transaction of C$428,378.77. Also, Director Troy Tally sold 2,477 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$69.19, for a total value of C$171,395.07. Over the last ninety days, insiders have sold 45,070 shares of company stock valued at $3,141,916. Company insiders own 0.03% of the company’s stock.
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.
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