FY2027 EPS Estimates for TC Energy Cut by Zacks Research

Key Points

• Zacks Research has lowered its FY2027 EPS estimate for TC Energy to $2.61 per share, a slight decrease from the previous estimate of $2.62.
• TC Energy recently reported a quarterly EPS of $0.59, exceeding analyst expectations of $0.56, although revenue fell short of estimates at $1.82 billion.
• The company's quarterly dividend has been increased to $0.6148 per share, representing a yield of 4.7% and a payout ratio of 83.62%.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Investment analysts at Zacks Research reduced their FY2027 earnings per share estimates for shares of TC Energy in a report released on Tuesday, September 9th. Zacks Research analyst Team now expects that the pipeline company will post earnings per share of $2.61 for the year, down from their prior estimate of $2.62. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

Several other brokerages have also recently weighed in on TRP. 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. Barclays reissued an "overweight" rating on shares of TC Energy in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Performance

NYSE TRP traded up $0.20 on Wednesday, reaching $52.31. 2,101,287 shares of the stock were exchanged, compared to its average volume of 1,560,637. The firm has a market capitalization of $54.39 billion, a PE ratio of 17.85, a PEG ratio of 4.99 and a beta of 0.77. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.54. TC Energy has a one year low of $40.76 and a one year high of $52.49. The company's 50-day simple moving average is $49.68 and its two-hundred day simple moving average is $48.85.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in TC Energy by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 45,907,306 shares of the pipeline company's stock valued at $2,241,195,000 after purchasing an additional 1,509,328 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of TC Energy by 5.9% during the second quarter. Canada Pension Plan Investment Board now owns 20,986,748 shares of the pipeline company's stock worth $1,025,220,000 after buying an additional 1,178,190 shares during the period. TD Asset Management Inc increased its stake in TC Energy by 9.3% in the second quarter. TD Asset Management Inc now owns 19,074,181 shares of the pipeline company's stock valued at $929,316,000 after purchasing an additional 1,618,441 shares during the last quarter. Bank of Nova Scotia increased its stake in TC Energy by 80.3% in the first quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company's stock valued at $802,164,000 after purchasing an additional 7,562,887 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in TC Energy by 2,565.1% in the first quarter. Goldman Sachs Group Inc. now owns 16,306,187 shares of the pipeline company's stock valued at $769,815,000 after purchasing an additional 15,694,336 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be issued a $0.6148 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, September 29th. This is an increase from TC Energy's previous quarterly dividend of $0.61. TC Energy's payout ratio is 85.32%.

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.