US Capital Advisors Expects Increased Earnings for TC Energy

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at US Capital Advisors lifted their FY2027 EPS estimates for TC Energy in a report released on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.66 per share for the year, up from their prior estimate of $2.57. US Capital Advisors 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 research analysts have also commented on the stock. Citigroup began coverage on shares of TC Energy in a research note on Friday, April 4th. They issued a "neutral" rating for the company. Royal Bank of Canada lifted their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Wall Street Zen cut shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, CIBC raised shares of TC Energy from a "neutral" rating to a "sector outperform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Up 0.0%

NYSE:TRP traded up $0.01 on Thursday, hitting $50.46. The stock had a trading volume of 489,750 shares, compared to its average volume of 2,502,277. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The stock has a market cap of $52.45 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 4.34 and a beta of 0.78. TC Energy has a 1 year low of $37.07 and a 1 year high of $51.34. The firm's fifty day simple moving average is $48.74 and its two-hundred day simple moving average is $47.57.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.04). TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.6142 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.46 dividend on an annualized basis and a yield of 4.87%. TC Energy's payout ratio is 77.89%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. NTV Asset Management LLC boosted its holdings in shares of TC Energy by 4.0% during the fourth quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock worth $288,000 after purchasing an additional 239 shares during the period. Lee Financial Co boosted its holdings in shares of TC Energy by 3.1% during the fourth quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock worth $381,000 after purchasing an additional 246 shares during the period. IFP Advisors Inc boosted its holdings in shares of TC Energy by 7.0% during the fourth quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock worth $177,000 after purchasing an additional 249 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in shares of TC Energy by 4.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 6,325 shares of the pipeline company's stock worth $289,000 after purchasing an additional 264 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of TC Energy by 1.7% during the fourth quarter. Benjamin Edwards Inc. now owns 16,003 shares of the pipeline company's stock worth $745,000 after purchasing an additional 273 shares during the period. Institutional investors own 83.13% 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.