Research Analysts Offer Predictions for TC Energy Co.’s FY2024 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at National Bank Financial raised their FY2024 earnings per share estimates for TC Energy in a note issued to investors on Thursday, August 1st. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $4.22 for the year, up from their prior estimate of $4.15. The consensus estimate for TC Energy’s current full-year earnings is $4.19 per share. National Bank Financial also issued estimates for TC Energy’s FY2025 earnings at $4.31 EPS.

A number of other research analysts also recently weighed in on TRP. National Bankshares raised their price target on TC Energy from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Scotiabank decreased their price target on TC Energy from C$68.00 to C$62.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets raised their price target on TC Energy from C$55.00 to C$57.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company raised their price objective on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$56.73.

TC Energy Stock Down 0.1 %

TRP stock opened at C$59.21 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01. The business has a 50 day moving average price of C$54.11 and a two-hundred day moving average price of C$53.00. The company has a market cap of C$61.58 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 0.26 and a beta of 0.74. TC Energy has a twelve month low of C$44.70 and a twelve month high of C$59.98.

Insiders Place Their Bets

In other news, Senior Officer Christine R. Johnston sold 1,330 shares of TC Energy stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total value of C$70,689.50. Following the transaction, the insider now owns 466 shares in the company, valued at approximately C$24,767.90. In related news, Director Kevin B. Engel sold 546 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$53.53, for a total transaction of C$29,227.38. Also, Senior Officer Christine R. Johnston sold 1,330 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total value of C$70,689.50. Following the sale, the insider now owns 466 shares in the company, valued at approximately C$24,767.90. Insiders have sold a total of 7,176 shares of company stock worth $317,737 in the last 90 days. Company insiders own 0.04% of the company’s stock.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a yield of 6.49%. TC Energy’s dividend payout ratio (DPR) is presently 147.69%.

TC Energy Company Profile

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.