What is Scotiabank’s Forecast for TC Energy FY2027 Earnings?

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at Scotiabank raised their FY2027 earnings estimates for TC Energy in a research report issued on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings of $2.98 per share for the year, up from their prior estimate of $2.92. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of TC Energy in a research note on Monday, December 29th. Raymond James Financial upgraded TC Energy to a “hold” rating in a report on Tuesday, February 17th. The Goldman Sachs Group raised their price objective on TC Energy from $48.00 to $53.00 and gave the stock a “sell” rating in a research note on Wednesday. Wall Street Zen raised shares of TC Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Royal Bank Of Canada lifted their price target on shares of TC Energy from $84.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average target price of $72.50.

TC Energy Stock Performance

Shares of TRP stock opened at $62.39 on Friday. The stock has a market capitalization of $64.96 billion, a price-to-earnings ratio of 26.85 and a beta of 0.73. TC Energy has a one year low of $43.59 and a one year high of $63.94. The company’s 50-day simple moving average is $56.97 and its 200-day simple moving average is $54.03. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.56 and a current ratio of 0.63.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.94 billion. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. During the same period last year, the business earned $1.05 EPS.

Institutional Trading of TC Energy

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of TC Energy by 54.0% in the first quarter. AQR Capital Management LLC now owns 11,099 shares of the pipeline company’s stock worth $538,000 after purchasing an additional 3,892 shares in the last quarter. Focus Partners Wealth lifted its holdings in TC Energy by 46.1% in the first quarter. Focus Partners Wealth now owns 12,446 shares of the pipeline company’s stock worth $588,000 after purchasing an additional 3,929 shares during the period. Intech Investment Management LLC grew its position in TC Energy by 200.7% in the 1st quarter. Intech Investment Management LLC now owns 26,878 shares of the pipeline company’s stock valued at $1,269,000 after buying an additional 17,939 shares in the last quarter. Yousif Capital Management LLC increased its stake in TC Energy by 8.1% during the 2nd quarter. Yousif Capital Management LLC now owns 14,498 shares of the pipeline company’s stock valued at $707,000 after buying an additional 1,090 shares during the period. Finally, Stephens Inc. AR raised its position in shares of TC Energy by 4.6% during the 2nd quarter. Stephens Inc. AR now owns 10,096 shares of the pipeline company’s stock worth $493,000 after buying an additional 446 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.8775 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, March 31st. TC Energy’s payout ratio is currently 106.90%.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.