TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - US Capital Advisors boosted their Q1 2024 earnings estimates for shares of TC Energy in a report issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.78. The consensus estimate for TC Energy's current full-year earnings is $2.90 per share. US Capital Advisors also issued estimates for TC Energy's Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.77 EPS and FY2026 earnings at $2.84 EPS.
TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. The company had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%.
TRP has been the topic of several other reports. Jefferies Financial Group started coverage on shares of TC Energy in a research report on Tuesday, February 27th. They issued a "hold" rating on the stock. The Goldman Sachs Group raised their price target on shares of TC Energy from $29.00 to $32.00 and gave the stock a "sell" rating in a report on Friday, January 26th. TheStreet upgraded shares of TC Energy from a "c+" rating to a "b-" rating in a report on Wednesday, March 20th. Barclays lifted their target price on shares of TC Energy from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Finally, Stifel Nicolaus started coverage on shares of TC Energy in a research note on Thursday, January 18th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $48.83.
Check Out Our Latest Stock Report on TRP
TC Energy Price Performance
Shares of TRP traded down $0.12 during mid-day trading on Wednesday, hitting $35.73. The company's stock had a trading volume of 4,994,891 shares, compared to its average volume of 3,075,052. The firm has a 50-day moving average price of $38.60 and a 200 day moving average price of $38.09. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 3.10 and a beta of 0.75. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.96 and a quick ratio of 0.88. TC Energy has a fifty-two week low of $32.51 and a fifty-two week high of $42.49.
Hedge Funds Weigh In On TC Energy
Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of TC Energy by 29,994.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 309,376 shares of the pipeline company's stock valued at $12,094,000 after purchasing an additional 308,348 shares during the period. Addenda Capital Inc. increased its position in TC Energy by 2.5% during the fourth quarter. Addenda Capital Inc. now owns 1,089,146 shares of the pipeline company's stock worth $42,575,000 after acquiring an additional 26,711 shares during the period. Morgan Stanley increased its position in TC Energy by 42.5% during the third quarter. Morgan Stanley now owns 6,821,231 shares of the pipeline company's stock worth $234,719,000 after acquiring an additional 2,034,846 shares during the period. Mondrian Investment Partners LTD increased its position in TC Energy by 9.3% during the third quarter. Mondrian Investment Partners LTD now owns 7,231,694 shares of the pipeline company's stock worth $248,843,000 after acquiring an additional 618,040 shares during the period. Finally, Van ECK Associates Corp increased its position in TC Energy by 6.5% during the third quarter. Van ECK Associates Corp now owns 296,979 shares of the pipeline company's stock worth $10,218,000 after acquiring an additional 18,213 shares during the period. Institutional investors own 83.13% of the company's stock.
TC Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a $0.714 dividend. This is a positive change from TC Energy's previous quarterly dividend of $0.67. The ex-dividend date was Wednesday, March 27th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.99%. TC Energy's dividend payout ratio (DPR) is currently 139.41%.
About TC Energy
(
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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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