Equities Analysts Set Expectations for TC Energy Q2 Earnings

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Zacks Research dropped their Q2 2025 earnings per share estimates for shares of TC Energy in a note issued to investors on Wednesday, May 21st. Zacks Research analyst T. Saha now forecasts that the pipeline company will earn $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.

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

Other equities analysts have also recently issued research reports about the company. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Wall Street Zen lowered shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. CIBC raised shares of TC Energy from a "neutral" rating to a "sector outperform" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada boosted 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. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Trading Down 0.8%

Shares of NYSE:TRP traded down $0.41 during trading hours on Monday, hitting $50.04. 1,462,221 shares of the company's stock traded hands, compared to its average volume of 2,506,024. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. The business has a fifty day moving average price of $48.74 and a 200-day moving average price of $47.57. TC Energy has a 1 year low of $37.07 and a 1 year high of $51.34. The firm has a market capitalization of $52.02 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 4.34 and a beta of 0.78.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.6142 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.46 annualized dividend and a dividend yield of 4.91%. TC Energy's payout ratio is presently 77.89%.

Institutional Investors Weigh In On TC Energy

Several hedge funds have recently modified their holdings of TRP. Goldman Sachs Group Inc. lifted its position in shares of TC Energy by 2,565.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,306,187 shares of the pipeline company's stock worth $769,815,000 after purchasing an additional 15,694,336 shares during the period. Norges Bank bought a new position in shares of TC Energy during the 4th quarter worth approximately $428,759,000. Bank of Nova Scotia raised its stake in shares of TC Energy by 80.3% during the 1st quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company's stock worth $802,164,000 after acquiring an additional 7,562,887 shares in the last quarter. Mufg Securities Canada LTD. raised its stake in shares of TC Energy by 571.7% during the 4th quarter. Mufg Securities Canada LTD. now owns 6,184,832 shares of the pipeline company's stock worth $288,043,000 after acquiring an additional 5,264,079 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake 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 acquiring an additional 5,053,228 shares in the last quarter. Hedge funds and other 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.