Zacks Research Estimates TC Energy's Q4 Earnings (NYSE:TRP)

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Investment analysts at Zacks Research reduced their Q4 2025 earnings per share estimates for shares of TC Energy in a research note issued on Thursday, July 3rd. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.71. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy's Q2 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.74 EPS and FY2027 earnings at $2.71 EPS.

A number of other research firms have also weighed in on TRP. Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating for the company. Finally, CIBC raised TC Energy from a "neutral" rating to a "sector outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Stock Down 1.6%

TRP stock traded down $0.76 on Friday, reaching $47.39. 1,445,816 shares of the company traded hands, compared to its average volume of 2,473,249. TC Energy has a one year low of $37.07 and a one year high of $51.99. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of $49.28 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76. The firm has a fifty day simple moving average of $49.45 and a 200-day simple moving average of $47.76.

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 (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.04). TC Energy had a return on equity of 11.41% and a net margin of 29.17%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company posted $1.02 EPS.

Institutional Trading of TC Energy

Several large investors have recently modified their holdings of TRP. Vanguard Group Inc. lifted its position in TC Energy by 1.6% during the first quarter. Vanguard Group Inc. now owns 44,397,978 shares of the pipeline company's stock valued at $2,096,739,000 after purchasing an additional 710,837 shares in the last quarter. FIL Ltd lifted its position in TC Energy by 10.3% during the fourth quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock valued at $1,325,558,000 after purchasing an additional 2,644,627 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in TC Energy by 34.2% during the first quarter. Canada Pension Plan Investment Board now owns 19,808,558 shares of the pipeline company's stock valued at $935,627,000 after purchasing an additional 5,053,228 shares in the last quarter. TD Asset Management Inc lifted its position in TC Energy by 6.2% during the first quarter. TD Asset Management Inc now owns 17,455,740 shares of the pipeline company's stock valued at $824,243,000 after purchasing an additional 1,018,590 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in TC Energy by 80.3% during the first quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company's stock valued at $802,164,000 after purchasing an additional 7,562,887 shares in the last quarter. Institutional investors own 83.13% of the company's stock.

TC Energy Cuts Dividend

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

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.