Raymond James Comments on TC Energy’s Q4 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Analysts at Raymond James issued their Q4 2024 earnings estimates for shares of TC Energy in a research report issued to clients and investors on Thursday, November 21st. Raymond James analyst A. Bradford forecasts that the company will post earnings of $0.95 per share for the quarter. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Raymond James also issued estimates for TC Energy’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.80 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last released 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. The firm had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

TRP has been the subject of several other research reports. ATB Capital lifted their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. BMO Capital Markets increased their price objective on shares of TC Energy from C$66.00 to C$70.00 in a report on Wednesday, November 20th. Scotiabank boosted their target price on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Finally, Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$69.54.

TC Energy Stock Down 0.7 %

Shares of TRP opened at C$69.65 on Monday. The company has a market capitalization of C$72.44 billion, a P/E ratio of 21.04, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$43.83 and a one year high of C$70.32. The business’s 50 day simple moving average is C$65.01 and its 200-day simple moving average is C$59.09. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

Insider Activity at TC Energy

In other news, Senior Officer Francois Lionel Poirier sold 118,243 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total value of C$8,085,219.85. Also, Director Colin Lindley sold 3,194 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the transaction, the director now owns 697 shares of the company’s stock, valued at C$47,883.41. The trade was a 82.09 % decrease in their position. Insiders have sold 214,476 shares of company stock worth $14,299,929 in the last ninety days. Company insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.39%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) 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.