TC Energy FY2025 EPS Estimate Cut by National Bank Financial

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities researchers at National Bank Financial lowered their FY2025 earnings per share estimates for shares of TC Energy in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the pipeline company will earn $2.83 per share for the year, down from their prior estimate of $2.84. The consensus estimate for TC Energy’s current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for TC Energy’s FY2026 earnings at $2.97 EPS and FY2027 earnings at $3.06 EPS.

A number of other equities analysts have also recently commented on the company. StockNews.com initiated coverage on TC Energy in a report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group increased their target price on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a report on Monday, September 30th. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets raised their target price on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, TC Energy currently has a consensus rating of “Hold” and a consensus price target of $55.67.

TC Energy Trading Down 2.3 %

Shares of NYSE TRP opened at $46.71 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $48.52 billion, a PE ratio of 12.94, a PEG ratio of 3.88 and a beta of 0.82. TC Energy has a twelve month low of $31.83 and a twelve month high of $50.37. The stock has a fifty day simple moving average of $47.76 and a 200-day simple moving average of $45.28.

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

Institutional Trading of TC Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its holdings in shares of TC Energy by 107.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock valued at $737,609,000 after buying an additional 10,065,000 shares in the last quarter. Legal & General Group Plc boosted its stake in TC Energy by 4.1% in the second quarter. Legal & General Group Plc now owns 11,892,999 shares of the pipeline company’s stock valued at $450,749,000 after acquiring an additional 467,497 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of TC Energy by 156.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock worth $321,778,000 after purchasing an additional 4,126,801 shares during the last quarter. Geode Capital Management LLC increased its position in shares of TC Energy by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock worth $225,890,000 after purchasing an additional 360,548 shares in the last quarter. Finally, Merewether Investment Management LP lifted its holdings in shares of TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock valued at $194,776,000 after purchasing an additional 1,127,000 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.822 dividend. This represents a $3.29 dividend on an annualized basis and a yield of 7.04%. This is an increase from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is 67.31%.

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.