Q4 2024 Earnings Estimate for TC Energy Co. Issued By US Capital Advisors (NYSE:TRP)

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Analysts at US Capital Advisors boosted their Q4 2024 earnings per share estimates for shares of TC Energy in a research report issued to clients and investors on Monday, July 29th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $0.80 for the quarter, up from their previous estimate of $0.75. The consensus estimate for TC Energy’s current full-year earnings is $3.05 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $3.00 EPS and FY2026 earnings at $2.97 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, May 3rd. The pipeline company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.12 billion. TC Energy had a return on equity of 17.94% and a net margin of 17.23%.

Separately, Barclays raised TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, TC Energy presently has an average rating of “Hold” and a consensus target price of $44.67.

TC Energy Stock Performance

Shares of TC Energy stock opened at $42.76 on Thursday. The company has a market capitalization of $42.76 billion, a PE ratio of 22.04, a PEG ratio of 3.48 and a beta of 0.79. TC Energy has a 12 month low of $32.51 and a 12 month high of $43.41. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $39.35 and its 200 day simple moving average is $38.86.

Institutional Trading of TC Energy

Several hedge funds and other institutional investors have recently modified their holdings of TRP. EdgeRock Capital LLC bought a new position in shares of TC Energy in the 4th quarter valued at about $25,000. Creekmur Asset Management LLC bought a new position in shares of TC Energy in the 4th quarter valued at about $27,000. Glassman Wealth Services grew its holdings in shares of TC Energy by 61.0% in the 4th quarter. Glassman Wealth Services now owns 726 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 275 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of TC Energy by 138.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 429 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in shares of TC Energy in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a $0.702 dividend. This represents a $2.81 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio is 144.85%.

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.