TC Energy FY2025 EPS Lifted by National Bank Financial

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Stock analysts at National Bank Financial increased their FY2025 earnings estimates for TC Energy in a research note issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now forecasts that the pipeline company will earn $2.90 per share for the year, up from their previous estimate of $2.80. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm posted $1.35 EPS.

Several other equities research analysts have also recently weighed in on TRP. TD Securities assumed coverage on TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada upped their target price on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, TC Energy has an average rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Price Performance

TC Energy stock traded down $0.29 during midday trading on Friday, hitting $49.93. 1,198,445 shares of the company's stock were exchanged, compared to its average volume of 2,572,162. The stock has a 50-day moving average price of $47.22 and a two-hundred day moving average price of $47.23. TC Energy has a 52-week low of $35.38 and a 52-week high of $50.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The company has a market cap of $51.91 billion, a P/E ratio of 15.41, a PEG ratio of 4.34 and a beta of 0.74.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC purchased a new stake in TC Energy in the first quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in TC Energy during the fourth quarter worth about $31,000. Versant Capital Management Inc purchased a new position in TC Energy during the fourth quarter worth about $33,000. Synergy Investment Management LLC purchased a new position in TC Energy during the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC acquired a new position in shares of TC Energy in the 4th quarter valued at about $41,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 6.81%. This is a positive change from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's dividend payout ratio is presently 72.84%.

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.