What is Zacks Research's Forecast for TC Energy Q2 Earnings?

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at Zacks Research lowered their Q2 2025 earnings per share estimates for TC Energy in a research note issued to investors on Wednesday, May 21st. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.53. 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 Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.44 EPS, Q3 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.76 EPS and FY2027 earnings at $2.74 EPS.

A number of other research firms have also issued reports on TRP. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Citigroup initiated coverage on shares of TC Energy in a report on Friday, April 4th. They set a "neutral" rating on the stock. CIBC upgraded shares of TC Energy from a "neutral" rating to a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Up 0.6%

Shares of TC Energy stock traded up $0.30 during trading on Monday, reaching $50.15. The company's stock had a trading volume of 72,797 shares, compared to its average volume of 2,482,747. The company has a market cap of $52.14 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 4.34 and a beta of 0.78. The company has a 50-day simple moving average of $48.80 and a two-hundred day simple moving average of $47.61. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy has a 1-year low of $37.07 and a 1-year high of $51.34.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its 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 return on equity of 12.12% and a net margin of 29.40%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the business posted $1.02 EPS.

Institutional Trading of TC Energy

A number of institutional investors have recently made changes to their positions in TRP. BROOKFIELD Corp ON raised its holdings in TC Energy by 31.6% in the fourth quarter. BROOKFIELD Corp ON now owns 1,890,168 shares of the pipeline company's stock worth $87,950,000 after purchasing an additional 454,011 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in TC Energy by 7.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 224,829 shares of the pipeline company's stock worth $10,463,000 after purchasing an additional 16,334 shares in the last quarter. AXA S.A. raised its holdings in TC Energy by 28.4% in the fourth quarter. AXA S.A. now owns 142,095 shares of the pipeline company's stock worth $6,612,000 after purchasing an additional 31,441 shares in the last quarter. Cinctive Capital Management LP raised its holdings in TC Energy by 12.3% in the fourth quarter. Cinctive Capital Management LP now owns 194,133 shares of the pipeline company's stock worth $9,042,000 after purchasing an additional 21,243 shares in the last quarter. Finally, Guardian Partners Inc. bought a new position in TC Energy in the fourth quarter worth $8,614,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Cuts Dividend

The business 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 $0.6142 dividend. This represents a $2.46 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, June 30th. TC Energy's dividend payout ratio (DPR) is 77.89%.

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.