TC Energy Co. Expected to Earn Q4 2024 Earnings of $0.79 Per Share (NYSE:TRP)

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Research analysts at Atb Cap Markets decreased their Q4 2024 earnings per share (EPS) estimates for TC Energy in a report issued on Monday, May 6th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings of $0.79 per share for the quarter, down from their prior estimate of $0.82. The consensus estimate for TC Energy's current full-year earnings is $2.90 per share. Atb Cap Markets also issued estimates for TC Energy's FY2025 earnings at $3.25 EPS and FY2026 earnings at $3.51 EPS.

Other analysts have also recently issued reports about the company. TheStreet upgraded TC Energy from a "c+" rating to a "b-" rating in a research report on Wednesday, March 20th. Stifel Nicolaus began coverage on TC Energy in a research note on Thursday, January 18th. They issued a "buy" rating on the stock. Barclays boosted their price objective on shares of TC Energy from $53.00 to $55.00 and gave the company an "equal weight" rating in a report on Monday, January 29th. The Goldman Sachs Group boosted their price target on shares of TC Energy from $29.00 to $32.00 and gave the company a "sell" rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group assumed coverage on shares of TC Energy in a report on Tuesday, February 27th. They issued a "hold" rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $48.83.

TC Energy Price Performance

TRP stock traded up $0.37 during trading on Wednesday, hitting $37.87. The stock had a trading volume of 2,940,808 shares, compared to its average volume of 3,085,029. The company's 50-day moving average price is $38.42 and its two-hundred day moving average price is $38.18. TC Energy has a twelve month low of $32.51 and a twelve month high of $42.42. The stock has a market capitalization of $37.87 billion, a P/E ratio of 19.52, a PEG ratio of 3.24 and a beta of 0.76. 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 (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.79 by $0.20. TC Energy had a net margin of 17.23% and a return on equity of 20.63%. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.93 billion.

Institutional Investors Weigh In On TC Energy

Several large investors have recently bought and sold shares of TRP. EdgeRock Capital LLC purchased a new stake in shares of TC Energy during the 4th quarter worth $25,000. Bruce G. Allen Investments LLC purchased a new stake in TC Energy during the 4th quarter worth about $26,000. Creekmur Asset Management LLC acquired a new position in shares of TC Energy during the 4th quarter worth about $27,000. Glassman Wealth Services increased its holdings in shares of TC Energy by 61.0% in the 4th quarter. Glassman Wealth Services now owns 726 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 275 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new stake in shares of TC Energy during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 annualized dividend and a yield of 7.50%. TC Energy's payout ratio is 145.88%.

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.