What is Scotiabank's Forecast for TC Energy FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS forecast for TC Energy to $2.75 from $2.70 and projects FY2027 EPS of $2.85. The bank maintains an “Outperform” rating, compared with the $2.78 FY2026 consensus estimate.
• Analyst sentiment is broadly positive, with a “Moderate Buy” average rating and an average price target of $93.75; 13 of 16 analysts rate the stock Buy or Strong Buy.
• TC Energy recently beat quarterly earnings expectations, reporting $0.68 EPS versus the $0.61 consensus, while its quarterly dividend of C$0.88 represents a 5.6% annualized yield.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Research analysts at Scotiabank lifted their FY2026 EPS estimates for shares of TC Energy in a report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the pipeline company will earn $2.75 per share for the year, up from their prior estimate of $2.70. Scotiabank has an "Outperform" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $2.78 per share. Scotiabank also issued estimates for TC Energy's FY2027 earnings at $2.85 EPS.

A number of other equities analysts also recently commented on TRP. TD Securities reissued a "buy" rating on shares of TC Energy in a research note on Friday, October 16th. Raymond James Financial reaffirmed a "market perform" rating on shares of TC Energy in a research report on Wednesday, September 16th. Royal Bank Of Canada reiterated a "moderate buy" rating and issued a $106.00 price target on shares of TC Energy in a report on Friday, September 11th. The Goldman Sachs Group raised TC Energy from a "neutral" rating to a "buy" rating and set a $71.00 price objective on the stock in a research report on Wednesday, September 30th. Finally, Jefferies Financial Group raised TC Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $93.75.

TC Energy Price Performance

TRP opened at $62.50 on Tuesday. TC Energy has a 52-week low of $49.27 and a 52-week high of $71.47. The company has a 50 day moving average of $61.26 and a two-hundred day moving average of $63.39. The company has a market cap of $62.50 billion, a P/E ratio of 25.93 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64.

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

TC Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be given 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 5.6%. TC Energy's dividend payout ratio (DPR) is 104.98%.

Institutional Trading of TC Energy

A number of hedge funds have recently made changes to their positions in TRP. Harrison Street Private Wealth LLC boosted its stake in shares of TC Energy by 6.0% in the third quarter. Harrison Street Private Wealth LLC now owns 49,590 shares of the pipeline company's stock valued at $2,878,000 after purchasing an additional 2,800 shares during the period. apricus wealth LLC grew its holdings in TC Energy by 8.0% during the 3rd quarter. apricus wealth LLC now owns 35,138 shares of the pipeline company's stock valued at $2,030,000 after purchasing an additional 2,610 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in TC Energy by 16.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 1,479,257 shares of the pipeline company's stock valued at $85,471,000 after purchasing an additional 208,983 shares in the last quarter. Viewpoint Investment Partners Corp grew its holdings in TC Energy by 60.1% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 58,225 shares of the pipeline company's stock valued at $3,206,000 after purchasing an additional 21,868 shares in the last quarter. Finally, Code Waechter LLC increased its stake in TC Energy by 17.0% during the 3rd quarter. Code Waechter LLC now owns 12,951 shares of the pipeline company's stock worth $748,000 after buying an additional 1,879 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

About TC Energy

TC Energy Corporation NYSE: TRP is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company's operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.

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