National Bank Financial Comments on TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for shares of TC Energy in a research note issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.98 per share for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

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

Several other equities research analysts have also commented on the stock. Scotiabank lifted their price target on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. National Bankshares lifted their target price on TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Raymond James raised TC Energy to a “hold” rating in a research report on Thursday, November 21st. BMO Capital Markets raised their price target on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Finally, Wells Fargo & Company boosted their price objective on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$73.00.

TC Energy Stock Down 0.0 %

TRP stock opened at C$65.49 on Thursday. The company’s 50 day moving average is C$67.33 and its two-hundred day moving average is C$63.73. 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 stock has a market cap of C$68.11 billion, a P/E ratio of 19.79, a PEG ratio of 1.69 and a beta of 0.82.

Insider Transactions at TC Energy

In other news, Director Trevor Ebl sold 9,554 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$68.48, for a total transaction of C$654,219.70. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of TC Energy stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of C$66.05 per share, with a total value of C$431,947.64. In the last quarter, insiders sold 420,911 shares of company stock worth $28,259,105. Company insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $1.113 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.80%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio is presently 116.01%.

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.