Q1 Earnings Estimate for TC Energy Issued By Atb Cap Markets

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at Atb Cap Markets dropped their Q1 2025 EPS estimates for TC Energy in a research report issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings per share of $0.68 for the quarter, down from their previous forecast of $0.71. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. The company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter in the previous year, the business posted $1.35 earnings per share.

A number of other equities research analysts also recently commented on the stock. Royal Bank of Canada lifted their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Citigroup initiated coverage on TC Energy in a report on Friday, April 4th. They set a "neutral" rating on the stock. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, TD Securities began coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Price Performance

Shares of TRP traded down $0.43 during trading hours on Friday, reaching $49.79. 1,115,500 shares of the company traded hands, compared to its average volume of 2,571,778. The stock has a fifty day simple moving average of $47.22 and a 200 day simple moving average of $47.23. TC Energy has a fifty-two week low of $35.38 and a fifty-two week high of $50.47. The stock has a market capitalization of $51.76 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56.

Institutional Investors Weigh In On TC Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRP. Vanguard Group Inc. increased its stake in shares of TC Energy by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 43,687,141 shares of the pipeline company's stock worth $2,035,952,000 after buying an additional 734,678 shares during the last quarter. FIL Ltd increased its position in shares of TC Energy by 10.3% in the 4th quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock worth $1,325,558,000 after purchasing an additional 2,644,627 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of TC Energy by 2.1% in the 4th quarter. TD Asset Management Inc. now owns 16,437,150 shares of the pipeline company's stock valued at $765,627,000 after purchasing an additional 344,485 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of TC Energy by 9.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,755,330 shares of the pipeline company's stock worth $686,763,000 after purchasing an additional 1,280,000 shares during the last quarter. Finally, Norges Bank bought a new stake in TC Energy in the fourth quarter valued at about $428,759,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 6.83%. This is a boost from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's dividend payout ratio is 72.84%.

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.