US Capital Advisors Boosts Earnings Estimates for TC Energy

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at US Capital Advisors boosted their FY2027 earnings estimates for shares of TC Energy in a research report issued on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.66 per share for the year, up from their previous forecast of $2.57. US Capital Advisors currently has a "Moderate Buy" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada raised their price objective on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Citigroup assumed coverage on shares of TC Energy in a report on Friday, April 4th. They issued a "neutral" rating for the company. Finally, CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Stock Down 0.4%

Shares of TC Energy stock opened at $49.87 on Thursday. The firm has a market cap of $51.84 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 4.34 and a beta of 0.78. The stock has a 50-day simple moving average of $48.61 and a 200-day simple moving average of $47.54. TC Energy has a 52-week low of $37.07 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $1.02 EPS.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.6142 dividend. This represents a $2.46 annualized dividend and a yield of 4.93%. The ex-dividend date is Monday, June 30th. TC Energy's dividend payout ratio is currently 77.89%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in TC Energy by 1.6% during the first quarter. Vanguard Group Inc. now owns 44,397,978 shares of the pipeline company's stock worth $2,096,739,000 after acquiring an additional 710,837 shares during the period. FIL Ltd grew its position in TC Energy by 10.3% in the 4th quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock worth $1,325,558,000 after purchasing an additional 2,644,627 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of TC Energy by 34.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 19,808,558 shares of the pipeline company's stock worth $935,627,000 after purchasing an additional 5,053,228 shares during the period. TD Asset Management Inc raised its position in shares of TC Energy by 6.2% during the first quarter. TD Asset Management Inc now owns 17,455,740 shares of the pipeline company's stock valued at $824,243,000 after buying an additional 1,018,590 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in shares of TC Energy by 80.3% during the first quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company's stock valued at $802,164,000 after buying an additional 7,562,887 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.