FY2024 EPS Estimates for TC Energy Increased by Analyst

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at National Bank Financial increased their FY2024 EPS estimates for shares of TC Energy in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $4.15 for the year, up from their prior forecast of $4.12. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. National Bank Financial also issued estimates for TC Energy’s FY2025 earnings at $4.06 EPS and FY2028 earnings at $4.74 EPS.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. National Bankshares lifted their target price on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. CIBC boosted their price target on shares of TC Energy from C$67.00 to C$68.00 in a research report on Wednesday, November 20th. Jefferies Financial Group raised their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th. Finally, UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$69.77.

TC Energy Trading Up 0.2 %

Shares of TSE:TRP opened at C$68.68 on Wednesday. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The firm has a market cap of C$71.43 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a 50 day moving average of C$67.43 and a 200-day moving average of C$62.18.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (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 during 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%.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $1.113 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.48%. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Insider Buying and Selling at TC Energy

In other news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total value of C$225,472.00. Also, Director Trevor Ebl sold 9,554 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total value of C$654,219.70. Insiders have sold a total of 420,911 shares of company stock valued at $28,259,105 in the last three months. 0.03% of the stock is currently owned by company insiders.

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.