FY2024 EPS Estimates for TC Energy Co. (NYSE:TRP) Boosted by US Capital Advisors

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Analysts at US Capital Advisors increased their FY2024 earnings per share estimates for shares of TC Energy in a report released on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.96 per share for the year, up from their previous estimate of $2.91. The consensus estimate for TC Energy's current full-year earnings is $2.98 per share. US Capital Advisors also issued estimates for TC Energy's Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.76 EPS and FY2025 earnings at $2.86 EPS.

Several other research firms have also issued reports on TRP. TheStreet raised TC Energy from a "c+" rating to a "b-" rating in a research report on Wednesday, March 20th. Barclays upped their price target on TC Energy from $53.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their price target on TC Energy from $29.00 to $32.00 and gave the company a "sell" rating in a research report on Friday, January 26th. Finally, Jefferies Financial Group assumed coverage on TC Energy in a research report on Tuesday, February 27th. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $48.83.

TC Energy Stock Performance

Shares of TRP stock traded down $0.34 on Wednesday, hitting $38.82. 1,790,198 shares of the stock traded hands, compared to its average volume of 2,973,384. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $38.82 billion, a PE ratio of 20.01, a PEG ratio of 3.28 and a beta of 0.75. TC Energy has a 1-year low of $32.51 and a 1-year high of $41.85. The company's fifty day moving average is $38.12 and its 200 day moving average is $38.47.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.32%. TC Energy's dividend payout ratio (DPR) is presently 145.88%.

Institutional Investors Weigh In On TC Energy

Hedge funds have recently made changes to their positions in the business. EdgeRock Capital LLC bought a new stake in shares of TC Energy during the fourth quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of TC Energy during the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new position in shares of TC Energy during the fourth quarter valued at approximately $27,000. Glassman Wealth Services increased its stake in shares of TC Energy by 61.0% during the fourth 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 period. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of TC Energy during the fourth quarter valued at approximately $31,000. Institutional investors own 83.13% of the company's stock.

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.