Atb Cap Markets Increases Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Atb Cap Markets lifted their FY2024 earnings estimates for TC Energy in a report issued on Tuesday, November 19th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $4.08 for the year, up from their prior forecast of $4.07. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Atb Cap Markets also issued estimates for TC Energy’s Q4 2025 earnings at $1.12 EPS, FY2025 earnings at $3.92 EPS and FY2026 earnings at $4.10 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion.

Several other research analysts also recently commented on TRP. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday. ATB Capital lifted their price target on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday. Finally, BMO Capital Markets increased their price target on shares of TC Energy from C$66.00 to C$70.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$69.54.

TC Energy Price Performance

Shares of TSE:TRP opened at C$68.79 on Thursday. The company has a 50-day moving average price of C$64.70 and a two-hundred day moving average price of C$58.75. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.24. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The firm has a market capitalization of C$71.54 billion, a PE ratio of 20.78, a P/E/G ratio of 1.69 and a beta of 0.82.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Lindsay Mackay sold 3,520 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$70.00, for a total value of C$246,400.00. Also, Director Mark Yeomans sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95. Insiders have sold 89,490 shares of company stock worth $5,749,355 over the last ninety days. Insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.47%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio is currently 116.01%.

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.