TC Energy Co. (TSE:TRP) Forecasted to Post Q4 2024 Earnings of $1.08 Per Share

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at Atb Cap Markets decreased their Q4 2024 earnings estimates for shares of TC Energy in a research report issued on Monday, May 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $1.08 per share for the quarter, down from their previous forecast of $1.11. The consensus estimate for TC Energy’s current full-year earnings is $4.19 per share. Atb Cap Markets also issued estimates for TC Energy’s FY2025 earnings at $4.44 EPS and FY2026 earnings at $4.80 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.24%.

TRP has been the subject of several other reports. Royal Bank of Canada cut their price objective on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. National Bankshares boosted their price target on TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a C$61.00 price objective on shares of TC Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. lifted 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, Scotiabank raised their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus price target of C$54.50.

TC Energy Stock Up 1.1 %

TRP stock opened at C$52.00 on Wednesday. The company has a 50 day moving average of C$52.29 and a two-hundred day moving average of C$51.75. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 162.75. TC Energy has a 12-month low of C$43.70 and a 12-month high of C$56.75. The company has a market cap of C$54.08 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.26 and a beta of 0.73.

Insider Buying and Selling

In other TC Energy news, Director Kevin B. Engel sold 2,514 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the transaction, the director now owns -29 shares of the company’s stock, valued at approximately C($1,575.66). In related news, Director Kevin B. Engel sold 2,514 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the transaction, the director now owns -29 shares of the company’s stock, valued at C($1,575.66). Also, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of the company’s stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$55.04 per share, with a total value of C$143,104.00. Over the last quarter, insiders have purchased 4,526 shares of company stock valued at $248,609. 0.04% of the stock is owned by company insiders.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s dividend payout ratio is currently 146.56%.

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.