TC Energy FY2026 EPS Reduced by National Bank Financial

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Stock analysts at National Bank Financial lowered their FY2026 earnings estimates for TC Energy in a report issued on Thursday, May 1st. National Bank Financial analyst P. Kenny now anticipates that the company will earn $4.10 per share for the year, down from their prior forecast of $4.21. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

A number of other equities analysts have also weighed in on the company. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. CIBC upped their price target on TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Citigroup raised shares of TC Energy to a "hold" rating in a report on Friday, April 4th. Scotiabank boosted their target price on shares of TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada raised their target price on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, TC Energy currently has an average rating of "Moderate Buy" and a consensus price target of C$74.17.

TC Energy Price Performance

Shares of TRP traded up C$0.35 during trading hours on Monday, reaching C$68.65. 370,472 shares of the stock traded hands, compared to its average volume of 6,344,261. TC Energy has a 52-week low of C$46.07 and a 52-week high of C$70.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company has a market cap of C$70.79 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company's 50-day moving average price is C$67.80 and its two-hundred day moving average price is C$67.14.

Insider Activity

In other TC Energy news, Director Joshua Gibbon purchased 600 shares of TC Energy stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of C$69.15 per share, for a total transaction of C$41,492.88. Also, Senior Officer Patrick C. Muttart sold 18,629 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$70.10, for a total value of C$1,305,885.45. In the last 90 days, insiders have purchased 13,287 shares of company stock valued at $842,568 and have sold 170,987 shares valued at $11,550,459. Corporate insiders own 0.03% of the company's stock.

TC Energy Cuts Dividend

The business also recently announced 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 4.95%. TC Energy's dividend payout ratio (DPR) is 76.37%.

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.