Equities Analysts Set Expectations for TC Energy Q2 Earnings

Key Points

• Zacks Research has revised down its Q2 2027 EPS estimate for TC Energy to $0.86 per share, slightly below the previous forecast of $0.87.
• TC Energy announced a quarterly dividend of $0.85, set to be paid on October 31st, reflecting an annualized yield of 4.7%.
• Insider trading activity shows significant selling, with directors reducing their ownership by 32.21% and 76.92% respectively in August.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Investment analysts at Zacks Research lowered their Q2 2027 EPS estimates for TC Energy in a research note issued on Tuesday, September 9th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.86 for the quarter, down from their prior forecast of $0.87. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy's FY2027 earnings at $3.43 EPS.

Other equities analysts also recently issued research reports about the stock. Citigroup set a C$75.00 target price on shares of TC Energy and gave the stock a "neutral" rating in a research note on Friday, September 5th. Barclays raised their price target on shares of TC Energy from C$74.00 to C$75.00 in a report on Thursday, August 14th. US Capital Advisors cut shares of TC Energy from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 21st. Jefferies Financial Group reduced their price target on shares of TC Energy from C$71.00 to C$68.00 in a report on Wednesday, July 23rd. Finally, National Bankshares raised their price target on shares of TC Energy from C$75.00 to C$76.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$74.46.

TC Energy Trading Up 0.5%

TSE TRP traded up C$0.39 during mid-day trading on Wednesday, reaching C$72.45. 1,224,732 shares of the stock were exchanged, compared to its average volume of 5,962,304. TC Energy has a one year low of C$55.30 and a one year high of C$72.69. The stock has a 50 day simple moving average of C$68.40 and a 200-day simple moving average of C$67.89. The stock has a market cap of C$75.32 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.69 and a beta of 0.92. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

TC Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.7%. TC Energy's payout ratio is currently 85.36%.

Insider Transactions at TC Energy

In related news, Director Siim A. Vanaselja sold 40,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of C$70.07, for a total transaction of C$2,802,640.00. Following the transaction, the director directly owned 12,000 shares of the company's stock, valued at C$840,792. This trade represents a 76.92% decrease in their ownership of the stock. Also, Director Francois Lionel Poirier sold 53,946 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$70.49, for a total transaction of C$3,802,669.72. Following the transaction, the director directly owned 113,550 shares in the company, valued at C$8,004,173.57. The trade was a 32.21% decrease in their ownership of the stock. 0.03% of the stock is owned by company insiders.

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.