Q3 Earnings Estimate for TC Energy Issued By Atb Cap Markets

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Atb Cap Markets decreased their Q3 2024 EPS estimates for TC Energy in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.95 for the quarter, down from their prior estimate of $1.00. 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 FY2024 earnings at $3.97 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group lifted their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, September 30th. BMO Capital Markets lowered their price objective on shares of TC Energy from C$65.00 to C$55.00 and set a “market perform” rating for the company in a report on Wednesday, October 2nd. Barclays boosted their price objective on shares of TC Energy from C$66.00 to C$67.00 in a report on Monday, October 21st. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from C$62.00 to C$78.00 in a report on Friday. Finally, CIBC decreased their target price on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating on the stock in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$61.92.

TC Energy Trading Up 0.9 %

Shares of TC Energy stock opened at C$65.68 on Thursday. TC Energy has a 1 year low of C$42.45 and a 1 year high of C$66.70. The firm has a market cap of C$68.31 billion, a PE ratio of 19.84, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The company has a 50 day simple moving average of C$62.62 and a two-hundred day simple moving average of C$56.49.

Insider Activity

In other news, Director Colin Lindley sold 2,773 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the sale, the director now owns 697 shares in the company, valued at approximately C$41,413.16. The trade was a 0.00 % decrease in their position. In other news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Colin Lindley sold 2,773 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the transaction, the director now owns 697 shares in the company, valued at C$41,413.16. This represents a 0.00 % decrease in their position. In the last 90 days, insiders have sold 95,479 shares of company stock worth $5,860,018. Corporate insiders own 0.03% of the company’s stock.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

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.