US Capital Advisors Analysts Increase Earnings Estimates for TC Energy Co. (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at US Capital Advisors lifted their Q1 2024 EPS estimates for TC Energy in a research report issued to clients and investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the company will earn $1.08 per share for the quarter, up from their previous estimate of $1.05. The consensus estimate for TC Energy’s current full-year earnings is $4.18 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $1.00 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.05 EPS and FY2026 earnings at $3.88 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.27. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. The business had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$3.94 billion.

Several other research analysts have also recently commented on TRP. TD Securities increased their target price on shares of TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Scotiabank upped their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Jefferies Financial Group dropped their price target on shares of TC Energy from C$57.00 to C$51.00 in a research report on Wednesday, April 17th. Barclays upped their price target on shares of TC Energy from C$53.00 to C$55.00 in a research report on Monday, January 29th. Finally, ATB Capital set a C$54.00 price target on shares of TC Energy and gave the stock a “sector perform” rating in a research report on Friday, January 5th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$54.44.

TC Energy Stock Performance

Shares of TRP opened at C$49.15 on Wednesday. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$56.75. The firm has a fifty day simple moving average of C$52.48 and a 200 day simple moving average of C$51.62. The stock has a market capitalization of C$51.12 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.26 and a beta of 0.73. The company has a current ratio of 0.96, a quick ratio of 0.40 and a debt-to-equity ratio of 163.32.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a $0.96 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from TC Energy’s previous quarterly dividend of $0.93. This represents a $3.84 annualized dividend and a dividend yield of 7.81%. TC Energy’s dividend payout ratio is presently 139.64%.

Insider Buying and Selling

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima purchased 2,600 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of C$55.04 per share, with a total value of C$143,104.00. In other TC Energy news, Senior Officer Dawn Elizabeth De Lima purchased 2,600 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of C$55.04 per share, with a total value of C$143,104.00. Also, Director Alexis A.J. Hudy purchased 875 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of C$54.97 per share, for a total transaction of C$48,098.75. Following the completion of the transaction, the director now owns 875 shares of the company’s stock, valued at approximately C$48,098.75. Over the last three months, insiders have acquired 4,526 shares of company stock valued at $248,609. 0.04% of the stock is owned by company insiders.

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.