Zacks Research Estimates TC Energy's Q1 Earnings (NYSE:TRP)

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Research analysts at Zacks Research upped their Q1 2026 EPS estimates for shares of TC Energy in a note issued to investors on Tuesday, June 3rd. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings of $0.76 per share for the quarter, up from their prior forecast of $0.73. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy's Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.59 EPS, FY2026 earnings at $2.81 EPS and FY2027 earnings at $2.72 EPS.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research 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. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Citigroup began coverage on TC Energy in a research note on Friday, April 4th. They set a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Price Performance

Shares of NYSE:TRP traded down $0.68 during trading on Thursday, reaching $50.70. 1,812,972 shares of the company traded hands, compared to its average volume of 2,453,429. The firm has a market capitalization of $52.70 billion, a PE ratio of 15.65, a PEG ratio of 4.34 and a beta of 0.78. TC Energy has a 52 week low of $37.07 and a 52 week high of $52.01. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The company's 50 day moving average is $49.10 and its two-hundred day moving average is $47.68.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 earnings per share (EPS) 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 company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $1.02 earnings per share.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.6142 per share. The ex-dividend date is Monday, June 30th. This represents a $2.46 dividend on an annualized basis and a yield of 4.85%. TC Energy's dividend payout ratio is currently 77.89%.

Institutional Trading of TC Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TRP. SG Americas Securities LLC bought a new position in shares of TC Energy during the fourth quarter valued at $184,000. Blue Trust Inc. raised its position in TC Energy by 111.1% during the 4th quarter. Blue Trust Inc. now owns 1,347 shares of the pipeline company's stock worth $64,000 after purchasing an additional 709 shares during the last quarter. Caprock Group LLC bought a new position in TC Energy during the 4th quarter worth $245,000. Spirit of America Management Corp NY lifted its holdings in TC Energy by 3.7% during the 4th quarter. Spirit of America Management Corp NY now owns 76,578 shares of the pipeline company's stock worth $3,563,000 after buying an additional 2,750 shares during the period. Finally, Tectonic Advisors LLC grew its position in shares of TC Energy by 61.4% in the 4th quarter. Tectonic Advisors LLC now owns 10,660 shares of the pipeline company's stock valued at $496,000 after buying an additional 4,057 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors.

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.