Scotiabank Has Negative Opinion of TC Energy FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for TC Energy to $2.70 from $2.76, below the $2.79 consensus, while maintaining an “Outperform” rating. It projects FY2027 EPS of $2.82.
• TC Energy beat quarterly expectations, reporting $0.68 EPS versus the $0.61 estimate and revenue of $2.80 billion versus $2.76 billion expected, though EPS declined from $0.82 in the prior-year quarter.
• The company announced a quarterly dividend of C$0.88, representing a 6.0% annualized yield; however, its dividend payout ratio is elevated at 102.49%. Institutional investors own 83.13% of the stock.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Equities researchers at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for TC Energy in a research report issued on Friday, September 25th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings of $2.70 per share for the year, down from their previous forecast of $2.76. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $2.79 per share. Scotiabank also issued estimates for TC Energy's FY2027 earnings at $2.82 EPS.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.76 billion. TC Energy had a return on equity of 11.10% and a net margin of 22.91%.During the same quarter last year, the firm posted $0.82 EPS.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of TC Energy from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, June 10th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 20th. BMO Capital Markets reissued an "outperform" rating and issued a $99.00 price target on shares of TC Energy in a report on Friday, July 31st. Raymond James Financial restated a "market perform" rating on shares of TC Energy in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group raised shares of TC Energy from a "hold" rating to a "buy" rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, TC Energy presently has an average rating of "Moderate Buy" and an average target price of $89.00.

TC Energy Stock Down 0.2%

Shares of NYSE TRP opened at $58.69 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average of $63.46 and a 200-day moving average of $65.13. The firm has a market capitalization of $58.69 billion, a price-to-earnings ratio of 24.35 and a beta of 0.66. TC Energy has a 12 month low of $49.27 and a 12 month high of $71.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TRP. Ontario Teachers Pension Plan Board purchased a new position in TC Energy in the 2nd quarter worth approximately $273,917,000. Korea Investment CORP purchased a new stake in shares of TC Energy during the second quarter valued at approximately $30,152,000. Wellington Management Group LLP purchased a new stake in shares of TC Energy during the second quarter valued at approximately $7,450,000. Canada Pension Plan Investment Board purchased a new stake in shares of TC Energy during the second quarter valued at approximately $1,148,244,000. Finally, GQG Partners LLC bought a new position in shares of TC Energy in the second quarter worth approximately $1,107,936,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be paid a C$0.88 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $3.51 annualized dividend and a yield of 6.0%. TC Energy's dividend payout ratio is currently 102.49%.

TC Energy Company Profile

TC Energy Corporation is an energy infrastructure company that develops and operates natural gas pipeline, storage and power-generation assets. Its pipeline network transports natural gas from producing regions to utilities, industrial customers, power generators and export markets, while its storage facilities help support seasonal and daily demand.

The company's operations are concentrated in Canada, the United States and Mexico. Its major systems include the Canadian Mainline, which connects Western Canadian natural gas supplies with markets in Eastern Canada and the United States, as well as U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.