FY2025 EPS Estimates for TC Energy Lowered by Analyst

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Stock analysts at Atb Cap Markets reduced their FY2025 EPS estimates for TC Energy in a research report issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $3.17 for the year, down from their previous forecast of $3.80. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

Other analysts have also issued research reports about the company. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. CIBC lifted their price objective on shares of TC Energy from C$70.00 to C$71.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Jefferies Financial Group increased their target price on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Finally, Citigroup upgraded shares of TC Energy to a "hold" rating in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$73.42.

TC Energy Price Performance

TRP traded up C$0.04 during trading on Monday, reaching C$69.33. The stock had a trading volume of 442,786 shares, compared to its average volume of 6,539,350. The stock has a 50 day moving average of C$67.23 and a two-hundred day moving average of C$66.95. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm has a market capitalization of C$71.50 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$46.07 and a 1-year high of C$70.97.

Insiders Place Their Bets

In other news, Director Joshua Gibbon acquired 600 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of C$69.15 per share, for a total transaction of C$41,492.88. Also, Senior Officer Patrick C. Muttart sold 18,629 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$70.10, for a total value of C$1,305,885.45. In the last ninety days, insiders acquired 13,287 shares of company stock worth $842,568 and sold 145,977 shares worth $9,810,511. Corporate insiders own 0.03% of the company's stock.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.90%. TC Energy's payout ratio is 76.37%.

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.