Q1 Earnings Forecast for TC Energy Issued By Zacks Research

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Zacks Research lowered their Q1 2025 earnings per share estimates for TC Energy in a research note issued on Wednesday, February 5th. Zacks Research analyst T. Saha now expects that the pipeline company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.68. The consensus estimate for TC Energy’s current full-year earnings is $2.95 per share. Zacks Research also issued estimates for TC Energy’s Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $2.51 EPS, Q3 2026 earnings at $0.62 EPS and FY2026 earnings at $2.71 EPS.

A number of other brokerages have also recently weighed in on TRP. BMO Capital Markets increased their target price on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. TD Securities began coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. The Goldman Sachs Group upped their target price on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. Two 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.00.

TC Energy Stock Performance

TRP stock opened at $47.09 on Thursday. The stock’s 50 day simple moving average is $46.88 and its 200 day simple moving average is $46.29. TC Energy has a 12-month low of $31.83 and a 12-month high of $50.37. The firm has a market cap of $48.93 billion, a P/E ratio of 13.05, a P/E/G 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 (NYSE:TRP) (TSE:TRP) last issued its earnings results 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 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 analyst estimates of $2.83 billion.

Hedge Funds Weigh In On TC Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Addenda Capital Inc. boosted its position in TC Energy by 4.4% during the 4th quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company’s stock worth $48,135,000 after acquiring an additional 43,639 shares during the period. Captrust Financial Advisors lifted its holdings in TC Energy by 1.3% in the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock worth $871,000 after purchasing an additional 242 shares during the period. Ritholtz Wealth Management grew its position in TC Energy by 44.8% in the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock valued at $1,115,000 after buying an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in TC Energy during the 3rd quarter valued at about $3,771,000. Finally, Harvest Portfolios Group Inc. increased its stake in TC Energy by 107.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company’s stock valued at $10,743,000 after buying an additional 117,176 shares during the period. 83.13% of the stock is owned by institutional investors.

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.