Atb Cap Markets Forecasts Increased Earnings for TC Energy

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Equities researchers at Atb Cap Markets raised their FY2025 earnings per share estimates for TC Energy in a note issued to investors on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $2.50 per share for the year, up from their previous forecast of $2.38. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

A number of other equities analysts have also commented on the company. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Citigroup assumed coverage on TC Energy in a research note on Friday, April 4th. They set a "neutral" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Performance

Shares of NYSE TRP traded down $0.38 during trading hours on Monday, reaching $47.40. 1,373,040 shares of the stock were exchanged, compared to its average volume of 2,454,956. The firm has a market capitalization of $49.29 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 4.60 and a beta of 0.76. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.70. TC Energy has a 52 week low of $40.95 and a 52 week high of $51.99. The stock's fifty day simple moving average is $48.93 and its 200 day simple moving average is $47.85.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $2.57 billion. TC Energy had a return on equity of 11.41% and a net margin of 29.17%. During the same quarter last year, the business posted $1.02 EPS.

Institutional Trading of TC Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRP. Avantax Advisory Services Inc. grew its holdings in shares of TC Energy by 9.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,564 shares of the pipeline company's stock valued at $445,000 after acquiring an additional 829 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of TC Energy by 40.6% in the fourth quarter. Natixis Advisors LLC now owns 69,520 shares of the pipeline company's stock valued at $3,235,000 after acquiring an additional 20,082 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of TC Energy by 7.7% in the fourth quarter. Corient Private Wealth LLC now owns 32,718 shares of the pipeline company's stock valued at $1,522,000 after acquiring an additional 2,342 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of TC Energy by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,468 shares of the pipeline company's stock valued at $269,000 after acquiring an additional 504 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of TC Energy in the fourth quarter valued at approximately $236,000. 83.13% of the stock is owned by institutional investors.

TC Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.6142 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Monday, June 30th. TC Energy's payout ratio is 82.51%.

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.