TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Research analysts at Zacks Research cut their Q2 2024 earnings per share estimates for TC Energy in a research report issued to clients and investors on Wednesday, April 24th. Zacks Research analyst T. Saha now expects that the company will earn $1.59 per share for the quarter, down from their prior forecast of $1.60. The consensus estimate for TC Energy's current full-year earnings is $4.18 per share. Zacks Research also issued estimates for TC Energy's Q4 2024 earnings at $1.01 EPS, Q1 2025 earnings at $1.17 EPS, Q3 2025 earnings at $0.46 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $4.20 EPS, Q1 2026 earnings at $1.18 EPS and FY2026 earnings at $4.42 EPS.
TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings results on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.27. TC Energy had a return on equity of 8.39% and a net margin of 18.34%. The business had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion.
A number of other research analysts also recently issued reports on the company. ATB Capital set a C$54.00 price objective on TC Energy and gave the company a "sector perform" rating in a research note on Friday, January 5th. JPMorgan Chase & Co. upped their price target on TC Energy from C$58.00 to C$59.00 and gave the company a "neutral" rating in a research report on Tuesday, April 16th. Stifel Nicolaus set a C$61.00 price target on TC Energy and gave the company a "buy" rating in a research report on Thursday, January 18th. TD Securities upped their price target on TC Energy from C$50.00 to C$51.00 and gave the company a "hold" rating in a research report on Wednesday, February 21st. Finally, CIBC upped their price target on TC Energy from C$54.00 to C$55.00 and gave the company a "neutral" rating in a research report on Monday, January 8th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$54.94.
Check Out Our Latest Stock Report on TRP
TC Energy Stock Performance
TSE:TRP traded up C$0.16 during trading on Thursday, reaching C$49.33. The company's stock had a trading volume of 6,484,571 shares, compared to its average volume of 6,797,918. The firm has a market cap of C$51.30 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.40 and a current ratio of 0.96. The firm has a 50 day moving average of C$52.83 and a 200-day moving average of C$51.53. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$56.98.
TC Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from TC Energy's previous quarterly dividend of $0.93. This represents a $3.84 annualized dividend and a dividend yield of 7.78%. TC Energy's dividend payout ratio is 139.64%.
Insider Activity
In other news, Director Kevin B. Engel sold 2,514 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the transaction, the director now directly owns -29 shares in the company, valued at approximately C($1,575.66). In related news, Senior Officer Dawn Elizabeth De Lima purchased 750 shares of TC Energy stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of C$54.48 per share, for a total transaction of C$40,860.00. Also, Director Kevin B. Engel sold 2,514 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total value of C$136,593.16. Following the transaction, the director now owns -29 shares in the company, valued at C($1,575.66). In the last three months, insiders have bought 4,526 shares of company stock worth $248,609. 0.04% of the stock is currently owned by insiders.
About TC Energy
(
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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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