FY2025 EPS Estimates for TC Energy Boosted by Zacks Research

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Zacks Research boosted their FY2025 earnings per share (EPS) estimates for TC Energy in a report issued on Monday, October 6th. Zacks Research analyst Team now forecasts that the pipeline company will post earnings of $2.48 per share for the year, up from their prior estimate of $2.47. 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 2027 earnings at $0.60 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Thursday, July 31st. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.56 billion. TC Energy had a net margin of 28.98% and a return on equity of 11.22%. During the same quarter in the previous year, the firm posted $0.79 earnings per share.

TRP has been the topic of several other reports. Barclays reaffirmed an “overweight” rating on shares of TC Energy in a research note on Thursday, August 14th. US Capital Advisors cut shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TC Energy in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered TC Energy from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

TC Energy Stock Performance

Shares of NYSE:TRP opened at $54.43 on Tuesday. The business’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $49.66. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.61 and a quick ratio of 0.54. TC Energy has a fifty-two week low of $43.51 and a fifty-two week high of $55.37. The stock has a market capitalization of $56.62 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 5.29 and a beta of 0.75.

Institutional Trading of TC Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in TC Energy by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 915,241 shares of the pipeline company’s stock worth $43,209,000 after buying an additional 10,227 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of TC Energy by 77.7% in the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the pipeline company’s stock worth $110,000 after purchasing an additional 1,005 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in TC Energy in the 1st quarter valued at approximately $432,000. FORA Capital LLC purchased a new position in TC Energy in the 1st quarter valued at approximately $776,000. Finally, Golden State Wealth Management LLC grew its stake in TC Energy by 222.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,076 shares of the pipeline company’s stock valued at $51,000 after buying an additional 742 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be issued a $0.6148 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.46 dividend on an annualized basis and a yield of 4.5%. This is a positive change from TC Energy’s previous quarterly dividend of $0.61. TC Energy’s payout ratio is currently 84.30%.

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.