TC Energy (NYSE:TRP) Upgraded by US Capital Advisors to "Moderate Buy" Rating

Key Points

• US Capital Advisors upgraded TC Energy from “hold” to “moderate buy” and forecast earnings per share of $2.80 for fiscal 2026.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an $89.00 price target; recent ratings include RBC’s increased $106 target and BMO’s $99 target.
• TC Energy reported quarterly EPS of $0.68, exceeding the $0.61 consensus estimate, while institutional investors own 83.13% of the company after several major funds acquired new stakes.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP was upgraded by equities research analysts at US Capital Advisors from a "hold" rating to a "moderate buy" rating in a report issued on Thursday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy's Q3 2026 earnings at $0.64 EPS, Q4 2026 earnings at $0.77 EPS and FY2026 earnings at $2.80 EPS.

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of TC Energy from $104.00 to $106.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Morgan Stanley cut shares of TC Energy from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, June 10th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of TC Energy in a research report on Tuesday, May 26th. Barclays restated an "overweight" rating on shares of TC Energy in a research note on Thursday, July 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $99.00 price target on shares of TC Energy in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.

TC Energy Trading Up 1.1%

Shares of TC Energy stock opened at $63.07 on Thursday. TC Energy has a 1 year low of $49.27 and a 1 year high of $71.47. The company's fifty day simple moving average is $67.09 and its 200-day simple moving average is $65.26. The company has a market cap of $65.72 billion, a price-to-earnings ratio of 26.17 and a beta of 0.66. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its earnings results on Thursday, July 30th. The pipeline company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same period in the prior year, the company earned $0.82 EPS. As a group, sell-side analysts expect that TC Energy will post 2.75 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in TC Energy during the second quarter valued at approximately $1,148,244,000. GQG Partners LLC acquired a new position in shares of TC Energy in the 2nd quarter worth approximately $1,107,936,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of TC Energy in the 2nd quarter worth approximately $977,976,000. Norges Bank bought a new position in shares of TC Energy during the 4th quarter worth approximately $583,732,000. Finally, Legal & General Group Plc bought a new position in shares of TC Energy during the 2nd quarter worth approximately $519,612,000. Institutional investors own 83.13% of the company's stock.

TC Energy Company Profile

TC Energy NYSE: TRP is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company's principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.

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