What is Scotiabank’s Forecast for TC Energy FY2026 Earnings?

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Stock analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for shares of TC Energy in a research report issued on Tuesday, August 4th. Scotiabank analyst R. Hope now expects that the pipeline company will earn $2.69 per share for the year, up from their prior forecast of $2.66. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.73 per share.

TRP has been the topic of a number of other reports. The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $53.00 to $62.00 in a report on Monday, April 20th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of TC Energy in a report on Tuesday, May 26th. Weiss Ratings reissued a “buy (b)” rating on shares of TC Energy in a research report on Friday, July 31st. Morgan Stanley lowered shares of TC Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 10th. Finally, Barclays reaffirmed an “overweight” rating on shares of TC Energy in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and an average price target of $89.00.

TC Energy Price Performance

TRP stock opened at $63.86 on Friday. The company has a market cap of $66.54 billion, a PE ratio of 26.50 and a beta of 0.66. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64. The stock has a 50-day moving average price of $68.04 and a two-hundred day moving average price of $64.77. TC Energy has a 12-month low of $49.27 and a 12-month high of $71.47.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. TC Energy had a return on equity of 11.10% and a net margin of 22.91%.The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company posted $0.82 EPS.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 29th. TC Energy’s payout ratio is currently 102.49%.

Institutional Investors Weigh In On TC Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of TC Energy in the fourth quarter valued at about $25,000. Sterling Capital Management LLC purchased a new stake in shares of TC Energy during the 1st quarter valued at about $26,000. McIlrath & Eck LLC acquired a new position in TC Energy during the 4th quarter worth approximately $32,000. SWAN Capital LLC acquired a new position in TC Energy during the 3rd quarter worth approximately $40,000. Finally, Glen Eagle Advisors LLC purchased a new position in TC Energy in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.