Atb Cap Markets Raises Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Stock analysts at Atb Cap Markets lifted their FY2025 earnings estimates for TC Energy in a note issued to investors on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $3.42 per share for the year, up from their prior forecast of $3.31. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

Other research analysts have also recently issued reports about the stock. TD Securities boosted their target price on shares of TC Energy from C$74.00 to C$76.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Scotiabank upped their price target on shares of TC Energy from C$75.00 to C$77.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. CIBC upped their price target on shares of TC Energy from C$71.00 to C$76.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Citigroup upgraded shares of TC Energy to a "hold" rating in a research note on Friday, April 4th. Finally, Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, TC Energy presently has an average rating of "Moderate Buy" and a consensus price target of C$73.92.

TC Energy Stock Performance

TRP traded down C$0.51 during midday trading on Monday, reaching C$64.90. The company had a trading volume of 4,730,972 shares, compared to its average volume of 6,562,970. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The stock has a market cap of C$66.93 billion, a PE ratio of 12.91, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 12-month low of C$51.94 and a 12-month high of C$71.12. The business has a 50-day moving average price of C$66.97 and a two-hundred day moving average price of C$67.13.

Insider Transactions at TC Energy

In other news, Director Susanne Beaton sold 8,020 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$70.00, for a total value of C$561,400.00. Also, Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$69.55, for a total transaction of C$428,378.77. Over the last ninety days, insiders have sold 45,070 shares of company stock worth $3,141,916. Company insiders own 0.03% of the company's stock.

TC Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.24%. TC Energy's payout ratio is 76.37%.

About TC Energy

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.