FY2025 EPS Estimates for TC Energy Raised by Zacks Research

Key Points

• Zacks Research has raised its FY2025 earnings per share (EPS) estimate for TC Energy to $2.48, slightly up from the previous estimate of $2.47, while the current full-year consensus estimate stands at $2.63.
• TC Energy recently declared a quarterly dividend increase to $0.6148, resulting in an annualized dividend of $2.46 and a yield of 4.5%.
• Institutional investors hold a significant share of TC Energy, comprising 83.13% of the stock, with notable increases in holdings from several investment firms in recent quarters.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Equities researchers at Zacks Research increased their FY2025 earnings per share (EPS) estimates for shares of TC Energy in a report released on Monday, October 6th. Zacks Research analyst Team now expects that the pipeline company will post earnings per share of $2.48 for the year, up from their prior forecast of $2.47. 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 Q3 2027 earnings at $0.60 EPS.

Other equities analysts have also recently issued research reports about the stock. Barclays reissued an "overweight" rating on shares of TC Energy in a research report on Thursday, August 14th. Wall Street Zen cut TC Energy from a "hold" rating to a "sell" rating in a research note on Friday. US Capital Advisors cut shares of TC Energy from a "moderate buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of TC Energy in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Stock Performance

TC Energy stock opened at $54.43 on Tuesday. The stock has a market cap of $56.62 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 5.29 and a beta of 0.75. TC Energy has a 1-year low of $43.51 and a 1-year high of $55.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.61 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $51.52 and a 200-day simple moving average of $49.66.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Thursday, July 31st. The pipeline company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.03. TC Energy had a return on equity of 11.22% and a net margin of 28.98%.The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the business earned $0.79 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in TC Energy by 23.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,066 shares of the pipeline company's stock worth $980,000 after acquiring an additional 4,033 shares during the period. GAMMA Investing LLC lifted its holdings in shares of TC Energy by 4,621.3% during the first quarter. GAMMA Investing LLC now owns 6,657 shares of the pipeline company's stock valued at $314,000 after purchasing an additional 6,516 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of TC Energy by 94,366.7% during the first quarter. NBC Securities Inc. now owns 2,834 shares of the pipeline company's stock valued at $133,000 after purchasing an additional 2,831 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in TC Energy by 77.7% during the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the pipeline company's stock valued at $110,000 after buying an additional 1,005 shares in the last quarter. Finally, apricus wealth LLC lifted its stake in TC Energy by 6.8% during the first quarter. apricus wealth LLC now owns 54,960 shares of the pipeline company's stock valued at $2,595,000 after buying an additional 3,510 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be issued a $0.6148 dividend. This is an increase from TC Energy's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 29th. TC Energy's dividend payout ratio (DPR) is currently 84.30%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.