Brokers Offer Predictions for TC Energy FY2025 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at National Bank Financial increased their FY2025 earnings estimates for shares of TC Energy in a report released on Tuesday, November 19th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $3.94 for the year, up from their prior estimate of $3.86. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

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

TRP has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of TC Energy from C$66.00 to C$70.00 in a report on Wednesday. Royal Bank of Canada upped their target price on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Morgan Joseph raised shares of 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 report on Friday, October 25th. Finally, Scotiabank boosted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and a consensus target price of C$69.54.

TC Energy Stock Performance

Shares of TRP stock opened at C$70.14 on Thursday. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.24. 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 firm has a market capitalization of C$72.95 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.69 and a beta of 0.82. The company’s fifty day moving average price is C$64.86 and its two-hundred day moving average price is C$58.90.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is currently 116.01%.

Insider Transactions at TC Energy

In related news, Director Colin Lindley sold 3,194 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the completion of the sale, the director now directly owns 697 shares of the company’s stock, valued at C$47,883.41. This represents a 82.09 % decrease in their ownership of the stock. Also, Senior Officer Francois Lionel Poirier sold 118,243 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$68.38, for a total transaction of C$8,085,219.85. In the last three months, insiders sold 214,476 shares of company stock valued at $14,299,929. Company insiders own 0.03% of the company’s stock.

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.