National Bank Financial Predicts TC Energy FY2025 Earnings

Key Points

• National Bank Financial has revised its FY2025 earnings per share estimate for TC Energy down to $2.66, from an earlier estimate of $2.70.
• TC Energy's recent quarterly earnings report showed an EPS of $0.59, exceeding expectations of $0.56, although revenue was below forecasts at $1.82 billion.
• The company has announced an increase in its quarterly dividend to $0.6148, representing a 5.1% yield for shareholders.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at National Bank Financial lowered their FY2025 earnings per share estimates for shares of TC Energy in a research note issued to investors on Thursday, July 31st. National Bank Financial analyst P. Kenny now expects that the pipeline company will post earnings per share of $2.66 for the year, down from their prior estimate of $2.70. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share. National Bank Financial also issued estimates for TC Energy's FY2026 earnings at $2.68 EPS.

Other equities analysts have also issued reports about the company. CIBC raised TC Energy from a "neutral" rating to a "sector outperform" rating in a research report on Friday, May 2nd. Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Up 1.1%

Shares of NYSE:TRP opened at $48.39 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.54 and a current ratio of 0.61. TC Energy has a 1 year low of $37.41 and a 1 year high of $51.99. The stock has a market capitalization of $50.32 billion, a P/E ratio of 16.52, a PEG ratio of 4.66 and a beta of 0.75. The stock has a 50-day simple moving average of $48.54 and a 200-day simple moving average of $47.88.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its earnings results on Thursday, July 31st. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business earned $0.79 EPS.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be given a $0.6148 dividend. This is a boost from TC Energy's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, September 29th. TC Energy's dividend payout ratio is 82.51%.

Institutional Investors Weigh In On TC Energy

Several large investors have recently added to or reduced their stakes in TRP. BROOKFIELD Corp ON grew its stake in shares of TC Energy by 31.6% in the fourth quarter. BROOKFIELD Corp ON now owns 1,890,168 shares of the pipeline company's stock worth $87,950,000 after purchasing an additional 454,011 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of TC Energy by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 915,241 shares of the pipeline company's stock worth $43,209,000 after purchasing an additional 10,227 shares in the last quarter. Farther Finance Advisors LLC boosted 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. Wealthstar Advisors LLC bought a new position in TC Energy during the first quarter valued at about $432,000. Finally, Golden State Wealth Management LLC boosted its stake in TC Energy by 222.2% during the first quarter. Golden State Wealth Management LLC now owns 1,076 shares of the pipeline company's stock valued at $51,000 after buying an additional 742 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

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.

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