What is Scotiabank's Forecast for TC Energy FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS forecast for TC Energy to $2.76 from $2.69 and maintained an “Outperform” rating. It projects FY2027 EPS of $2.89, broadly aligning with the current FY2026 consensus estimate of $2.75.
• TC Energy exceeded quarterly expectations, reporting EPS of $0.68 versus the $0.61 consensus and revenue of $2.80 billion versus $2.76 billion expected.
• The company announced a quarterly dividend of $0.8775 per share, or $3.51 annualized, representing a 5.6% yield; institutional investors and hedge funds own 83.13% of the stock.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of TC Energy in a report issued on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.76 per share for the year, up from their previous estimate of $2.69. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $2.75 per share. Scotiabank also issued estimates for TC Energy's FY2027 earnings at $2.89 EPS.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.07. TC Energy had a return on equity of 11.10% and a net margin of 22.91%.The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share.

TRP has been the topic of several other research reports. Barclays reiterated an "overweight" rating on shares of TC Energy in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of TC Energy in a report on Tuesday, May 26th. TD Securities reaffirmed a "hold" rating on shares of TC Energy in a research report on Thursday, July 16th. Morgan Stanley lowered TC Energy from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $99.00 price objective on shares of TC Energy in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.00.

TC Energy Price Performance

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

TC Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $3.51 dividend on an annualized basis and a yield of 5.6%. TC Energy's payout ratio is 103.73%.

Hedge Funds Weigh In On TC Energy

Large investors have recently bought and sold shares of the stock. Midwest Professional Planners LTD. boosted its holdings in TC Energy by 89.8% in the 2nd quarter. Midwest Professional Planners LTD. now owns 30,954 shares of the pipeline company's stock valued at $2,052,000 after purchasing an additional 14,643 shares during the period. Mufg Securities Canada LTD. increased its holdings in shares of TC Energy by 37.9% during the 2nd quarter. Mufg Securities Canada LTD. now owns 4,473,642 shares of the pipeline company's stock worth $295,781,000 after purchasing an additional 1,230,120 shares during the period. Two Sigma Securities LLC bought a new position in shares of TC Energy during the 2nd quarter worth about $992,000. Benjamin Edwards Inc. raised its position in shares of TC Energy by 3.4% during the second quarter. Benjamin Edwards Inc. now owns 34,630 shares of the pipeline company's stock valued at $2,293,000 after buying an additional 1,149 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of TC Energy during the second quarter valued at about $15,139,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

About TC Energy

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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