Atb Cap Markets Forecasts Reduced Earnings for TC Energy

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at Atb Cap Markets dropped their FY2025 earnings estimates for TC Energy in a research report issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings per share of $2.28 for the year, down from their previous estimate of $2.66. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.04). The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $2.57 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same period last year, the company earned $1.02 EPS.

Several other equities analysts have also commented on TRP. TD Securities initiated coverage on TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price objective on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Trading Up 1.0 %

TC Energy stock traded up $0.48 during mid-day trading on Monday, hitting $50.49. The company's stock had a trading volume of 370,902 shares, compared to its average volume of 2,551,585. The stock's fifty day moving average is $47.44 and its two-hundred day moving average is $47.27. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $52.49 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. TC Energy has a 1 year low of $35.89 and a 1 year high of $51.25.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.85 dividend. The ex-dividend date was Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.73%. This is a boost from TC Energy's previous quarterly dividend of $0.82. TC Energy's payout ratio is 72.84%.

Institutional Investors Weigh In On TC Energy

Several large investors have recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC purchased a new stake in shares of TC Energy during the first quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in TC Energy during the 4th quarter worth $31,000. Versant Capital Management Inc purchased a new stake in TC Energy during the 4th quarter worth about $33,000. Synergy Investment Management LLC acquired a new stake in TC Energy in the 4th quarter valued at about $36,000. Finally, Millstone Evans Group LLC purchased a new position in shares of TC Energy in the 4th quarter valued at about $41,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

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.