Zacks Research Has Positive Outlook of TC Energy Q3 Earnings

Key Points

• Zacks Research has increased TC Energy's Q3 2027 earnings estimate to $0.52 per share, slightly up from the prior estimate of $0.51, while the consensus for the full year is $3.55 per share.
• Insider trading activity included significant sales, with Director Francois Lionel Poirier selling 53,946 shares at an average price of C$70.49, indicating a 32.21% decrease in ownership.
• TC Energy announced a quarterly dividend of $0.85, which reflects an annualized dividend of $3.40 and a dividend yield of 4.5%.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities research analysts at Zacks Research upped their Q3 2027 earnings estimates for shares of TC Energy in a research note issued to investors on Monday, October 6th. Zacks Research analyst Team now forecasts that the company will earn $0.52 per share for the quarter, up from their previous forecast of $0.51. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

Several other equities analysts have also recently commented on TRP. US Capital Advisors cut TC Energy from a "moderate buy" rating to a "hold" rating in a research report on Thursday, August 21st. Barclays boosted their price objective on TC Energy from C$74.00 to C$75.00 in a report on Thursday, August 14th. National Bankshares raised their target price on shares of TC Energy from C$75.00 to C$76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup set a C$75.00 target price on shares of TC Energy and gave the company a "neutral" rating in a research report on Friday, September 5th. Finally, Jefferies Financial Group decreased their price target on shares of TC Energy from C$71.00 to C$68.00 in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$74.46.

TC Energy Stock Down 1.2%

TRP opened at C$75.96 on Tuesday. The firm has a market capitalization of C$78.97 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84. TC Energy has a one year low of C$60.43 and a one year high of C$77.26. The company has a fifty day moving average price of C$71.26 and a 200-day moving average price of C$68.73. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

Insider Buying and Selling at TC Energy

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

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.5%. TC Energy's payout ratio is 85.36%.

About TC Energy

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system.

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