What is Zacks Research’s Forecast for TC Energy Q4 Earnings?

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Investment analysts at Zacks Research dropped their Q4 2024 EPS estimates for TC Energy in a report released on Thursday, December 12th. Zacks Research analyst T. Saha now expects that the pipeline company will earn $0.62 per share for the quarter, down from their prior estimate of $0.64. The consensus estimate for TC Energy’s current full-year earnings is $3.00 per share. Zacks Research also issued estimates for TC Energy’s Q3 2025 earnings at $0.59 EPS and Q4 2025 earnings at $0.73 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%.

Other equities research analysts also recently issued reports about the company. Veritas upgraded TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group raised their target price on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. StockNews.com began coverage on shares of TC Energy in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TC Energy presently has an average rating of “Hold” and an average target price of $55.67.

TC Energy Price Performance

TC Energy stock opened at $46.47 on Monday. The firm’s fifty day moving average is $47.74 and its 200 day moving average is $44.27. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The company has a market cap of $48.23 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 3.88 and a beta of 0.82. TC Energy has a 52-week low of $31.83 and a 52-week high of $50.37.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new stake in TC Energy in the second quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of TC Energy by 138.8% during the second 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. Fortitude Family Office LLC purchased a new position in shares of TC Energy in the 3rd quarter valued at approximately $28,000. Blue Trust Inc. boosted its stake in TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 267 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in TC Energy during the 3rd quarter worth approximately $39,000. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.822 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.29 dividend on an annualized basis and a dividend yield of 7.08%. TC Energy’s dividend payout ratio (DPR) is presently 78.95%.

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.