US Capital Advisors Predicts TC Energy Q4 Earnings

TC Energy Co. (NYSE:TRP) (TSE:TRP) – US Capital Advisors boosted their Q4 2024 earnings per share (EPS) estimates for TC Energy in a report released on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $0.70 per share for the quarter, up from their previous forecast of $0.65. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.95 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.67 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.83 billion.

TRP has been the subject of several other reports. Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. The Goldman Sachs Group increased their price objective on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. TD Securities assumed coverage on TC Energy in a report on Wednesday, January 15th. They set a “buy” rating for the company. StockNews.com assumed coverage on TC Energy in a report on Wednesday, December 4th. They set a “hold” rating for the company. Finally, Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.00.

TC Energy Stock Up 3.2 %

Shares of TC Energy stock opened at $46.71 on Wednesday. TC Energy has a 1 year low of $31.83 and a 1 year high of $50.37. The business has a 50-day moving average of $46.92 and a two-hundred day moving average of $46.25. The company has a market capitalization of $48.53 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 4.31 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRP. Checchi Capital Advisers LLC lifted its position in shares of TC Energy by 15.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 5,137 shares of the pipeline company’s stock valued at $239,000 after buying an additional 699 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of TC Energy by 8.3% in the fourth quarter. Bank of New York Mellon Corp now owns 905,014 shares of the pipeline company’s stock valued at $42,110,000 after buying an additional 69,419 shares during the last quarter. IFP Advisors Inc lifted its position in shares of TC Energy by 7.0% in the fourth quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company’s stock valued at $177,000 after buying an additional 249 shares during the last quarter. Atlantic Family Wealth LLC acquired a new stake in shares of TC Energy in the fourth quarter valued at approximately $251,000. Finally, Lipe & Dalton lifted its position in shares of TC Energy by 1.9% in the fourth quarter. Lipe & Dalton now owns 53,657 shares of the pipeline company’s stock valued at $2,497,000 after buying an additional 980 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.822 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a yield of 7.04%. TC Energy’s dividend payout ratio is 63.43%.

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.