Atb Cap Markets Weighs in on TC Energy Co.'s Q4 2024 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Investment analysts at Atb Cap Markets lowered their Q4 2024 earnings per share estimates for shares of TC Energy in a research report issued on Monday, May 6th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $1.08 for the quarter, down from their previous estimate of $1.11. The consensus estimate for TC Energy's current full-year earnings is $4.19 per share. Atb Cap Markets also issued estimates for TC Energy's FY2025 earnings at $4.44 EPS and FY2026 earnings at $4.80 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 analysts' consensus estimates of C$1.08 by C$0.27. The company had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.24%.

Several other equities analysts have also recently issued reports on TRP. National Bankshares lifted their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 30th. Jefferies Financial Group raised their price objective on TC Energy from C$51.00 to C$52.00 and gave the stock a "hold" rating in a research note on Monday. TD Securities boosted their target price on TC Energy from C$50.00 to C$51.00 and gave the stock a "hold" rating in a research report on Wednesday, February 21st. Scotiabank increased their price target on TC Energy from C$55.00 to C$58.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada cut their price objective on TC Energy from C$54.00 to C$49.00 and set an "outperform" rating on the stock in a report on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$54.50.

TC Energy Price Performance

Shares of TC Energy stock traded up C$0.55 on Wednesday, hitting C$52.00. The company had a trading volume of 2,313,159 shares, compared to its average volume of 6,505,672. TC Energy has a 52 week low of C$43.70 and a 52 week high of C$56.75. The company has a market cap of C$54.08 billion, a PE ratio of 19.85, a PEG ratio of 0.26 and a beta of 0.73. The business has a 50-day simple moving average of C$52.29 and a 200-day simple moving average of C$51.75. The company has a debt-to-equity ratio of 162.75, a current ratio of 0.94 and a quick ratio of 0.40.

Insider Activity

In other TC Energy news, Director Alexis A.J. Hudy bought 875 shares of the stock in a transaction on Monday, March 25th. The shares were purchased at an average price of C$54.97 per share, with a total value of C$48,098.75. Following the acquisition, the director now directly owns 875 shares of the company's stock, valued at approximately C$48,098.75. In related news, Director Alexis A.J. Hudy purchased 875 shares of the firm's stock in a transaction on Monday, March 25th. The shares were bought at an average cost of C$54.97 per share, for a total transaction of C$48,098.75. Following the transaction, the director now directly owns 875 shares of the company's stock, valued at approximately C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima acquired 750 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were bought at an average cost of C$54.48 per share, with a total value of C$40,860.00. Over the last ninety days, insiders have acquired 4,526 shares of company stock valued at $248,609. 0.04% of the stock is owned by insiders.

TC Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Friday, June 28th. TC Energy's dividend payout ratio (DPR) is 146.56%.

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.