TC Energy FY2025 EPS Reduced by National Bank Financial

Key Points

• TC Energy's FY2025 earnings per share (EPS) estimate was cut by National Bank Financial from $3.75 to $3.65, slightly above the current consensus estimate of $3.55.
• Several brokerages, including Scotiabank and CIBC, have adjusted their price targets for TC Energy's stock, with targets ranging from C$68.00 to C$77.00 and multiple 'outperform' ratings.
• TC Energy declared a quarterly dividend of $0.85 per share, with a dividend yield of 5.1% and a payout ratio of 76.37%.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at National Bank Financial cut their FY2025 earnings per share estimates for shares of TC Energy in a report issued on Thursday, July 31st. National Bank Financial analyst P. Kenny now expects that the company will earn $3.65 per share for the year, down from their prior estimate of $3.75. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

A number of other brokerages have also recently commented on TRP. Scotiabank increased their price target on shares of TC Energy from C$75.00 to C$77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price target on TC Energy from C$71.00 to C$68.00 in a research report on Wednesday, July 23rd. CIBC raised their price target on TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, TD Securities raised their price target on TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$74.33.

TC Energy Price Performance

Shares of TSE TRP opened at C$66.76 on Monday. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm has a market capitalization of C$68.84 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.69 and a beta of 0.82. The stock's 50-day simple moving average is C$66.48 and its two-hundred day simple moving average is C$67.04. TC Energy has a twelve month low of C$52.84 and a twelve month high of C$71.12.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 5.1%. TC Energy's dividend payout ratio is presently 76.37%.

Insider Buying and Selling

In other TC Energy news, Director Troy Tally sold 2,477 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$69.19, for a total transaction of C$171,395.07. Also, Director Russell Mahan sold 11,424 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$70.22, for a total value of C$802,193.28. Over the last ninety days, insiders sold 20,060 shares of company stock worth $1,401,967. Company insiders own 0.03% of the company's stock.

About TC Energy

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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