TC Energy (NYSE:TRP) Rating Increased to Moderate Buy at US Capital Advisors

US Capital Advisors upgraded shares of TC Energy (NYSE:TRP) (TSE:TRP) from a hold rating to a moderate buy rating in a report published on Monday morning,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.

TRP has been the topic of several other reports. BMO Capital Markets boosted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. StockNews.com initiated coverage on shares of TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.00.

TC Energy Stock Performance

NYSE:TRP opened at $46.71 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The stock has a market cap of $48.53 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 4.31 and a beta of 0.81. The firm’s fifty day simple moving average is $46.92 and its 200-day simple moving average is $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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.83 billion. Analysts expect that TC Energy will post 2.95 earnings per share for the current fiscal year.

TC Energy Increases Dividend

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

Institutional Investors Weigh In On TC Energy

Several hedge funds have recently modified their holdings of TRP. Fortitude Family Office LLC acquired a new stake in shares of TC Energy in the third quarter worth approximately $28,000. Blue Trust Inc. raised its holdings in TC Energy by 72.0% in the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after buying an additional 267 shares during the period. Versant Capital Management Inc purchased a new position in TC Energy in the fourth quarter valued at approximately $33,000. Point72 DIFC Ltd purchased a new position in TC Energy in the third quarter valued at approximately $39,000. Finally, UMB Bank n.a. purchased a new position in TC Energy in the fourth quarter valued at approximately $47,000. 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.