Analysts Offer Predictions for TC Energy FY2024 Earnings

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities research analysts at Atb Cap Markets boosted their FY2024 earnings per share estimates for TC Energy in a research report issued to clients and investors on Tuesday, November 19th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings of $2.94 per share for the year, up from their prior forecast of $2.93. The consensus estimate for TC Energy’s current full-year earnings is $2.98 per share. Atb Cap Markets also issued estimates for TC Energy’s Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.67 EPS, FY2025 earnings at $2.82 EPS and FY2026 earnings at $2.95 EPS.

Other equities analysts have also issued research reports about the stock. StockNews.com began coverage on shares of TC Energy in a report on Monday. They issued a “hold” rating for the company. BMO Capital Markets boosted their target price on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Finally, UBS Group raised shares of TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and an average price target of $55.67.

TC Energy Stock Performance

Shares of NYSE:TRP opened at $49.21 on Thursday. The company has a market capitalization of $51.07 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 4.19 and a beta of 0.81. The firm’s 50 day simple moving average is $47.07 and its 200 day simple moving average is $43.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $50.22.

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

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.822 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 annualized dividend and a yield of 6.68%. TC Energy’s dividend payout ratio is presently 78.95%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its holdings in TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock valued at $871,000 after acquiring an additional 242 shares during the period. Signaturefd LLC increased its position in TC Energy by 1.6% during the 2nd quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock worth $621,000 after buying an additional 261 shares during the period. Prospera Financial Services Inc grew its stake in shares of TC Energy by 4.8% in the third quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company’s stock valued at $274,000 after acquiring an additional 262 shares in the last quarter. First Horizon Advisors Inc. increased its position in TC Energy by 8.1% during the third quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company’s stock worth $167,000 after acquiring an additional 264 shares during the period. Finally, Blue Trust Inc. boosted its holdings in TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 267 shares during the period. Institutional investors own 83.13% of the company’s stock.

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.