TC Energy FY2026 EPS Lowered by National Bank Financial

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Investment analysts at National Bank Financial decreased their FY2026 earnings estimates for shares of TC Energy in a research note issued to investors 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 brokerages have also weighed in on TRP. Scotiabank lifted 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. Royal Bank of Canada boosted their price objective on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. CIBC increased their target price on TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, TD Securities upped their price objective on TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$74.17.

TC Energy Stock Up 1.5 %

Shares of TSE:TRP traded up C$1.02 during trading on Monday, hitting C$70.63. 2,013,830 shares of the company's stock traded hands, compared to its average volume of 6,425,471. 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 50-day moving average price of C$67.61 and a 200-day moving average price of C$67.09. TC Energy has a 52 week low of C$46.07 and a 52 week high of C$70.97. The company has a market cap of C$72.84 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.81%. TC Energy's dividend payout ratio (DPR) is presently 76.37%.

Insider Transactions at TC Energy

In related news, Senior Officer Michele L. Waters acquired 1,525 shares of TC Energy stock in a transaction on Thursday, February 20th. The stock was purchased at an average cost of C$64.68 per share, with a total value of C$98,630.90. Also, Director Joshua Gibbon acquired 600 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of C$69.15 per share, for a total transaction of C$41,492.88. In the last ninety days, insiders have bought 13,287 shares of company stock worth $842,568 and have sold 170,987 shares worth $11,550,459. 0.03% of the stock is owned by company insiders.

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.