TC Energy (NYSE:TRP) Raised to “Moderate Buy” at US Capital Advisors

TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by equities research analysts at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $0.70 EPS, 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.

Several other equities research analysts also recently issued reports on TRP. BMO Capital Markets raised their price target on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their price target on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. Finally, StockNews.com assumed coverage on TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.00.

TC Energy Trading Up 3.2 %

NYSE TRP opened at $46.71 on Monday. The company has a market cap of $48.53 billion, a PE ratio of 12.94, a PEG ratio of 4.31 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. TC Energy has a 12 month low of $31.83 and a 12 month high of $50.37. The stock has a 50 day moving average of $46.92 and a 200-day moving average of $46.25.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating 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. On average, equities research analysts anticipate that TC Energy will post 2.95 EPS for the current fiscal year.

Institutional Trading of TC Energy

Hedge funds have recently made changes to their positions in the company. Addenda Capital Inc. boosted its stake in shares of TC Energy by 4.4% during the fourth quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company’s stock valued at $48,135,000 after purchasing an additional 43,639 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of TC Energy by 1.3% during the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock valued at $871,000 after purchasing an additional 242 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of TC Energy by 44.8% during the fourth quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock valued at $1,115,000 after purchasing an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of TC Energy in the third quarter worth approximately $3,771,000. Finally, Harvest Portfolios Group Inc. lifted its stake in shares of TC Energy by 107.7% in the third quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company’s stock worth $10,743,000 after acquiring an additional 117,176 shares during the period. 83.13% of the stock is owned by institutional investors and hedge funds.

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.