US Capital Advisors Forecasts TC Energy FY2028 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Analysts at US Capital Advisors issued their FY2028 earnings estimates for shares of TC Energy in a note issued to investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker forecasts that the pipeline company will post earnings of $2.75 per share for the year. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

Other equities analysts have also recently issued research reports about the company. TD Securities cut TC Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “buy (b-)” rating on shares of TC Energy in a research report on Monday, December 29th. Citigroup reaffirmed a “neutral” rating on shares of TC Energy in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of TC Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Raymond James Financial raised shares of TC Energy to a “hold” rating in a research note on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and a consensus target price of $72.50.

TC Energy Trading Down 0.6%

TRP stock opened at $63.66 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.66. TC Energy has a twelve month low of $43.59 and a twelve month high of $65.57. The company has a market cap of $66.29 billion, a P/E ratio of 27.39 and a beta of 0.72. The business has a fifty day moving average of $61.31 and a 200-day moving average of $56.14.

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

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 annualized dividend and a yield of 5.5%. TC Energy’s payout ratio is currently 106.90%.

Hedge Funds Weigh In On TC Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRP. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of TC Energy in the 4th quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in TC Energy during the fourth quarter valued at approximately $28,000. Westside Investment Management Inc. grew its holdings in TC Energy by 100.0% during the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 297 shares during the period. McIlrath & Eck LLC bought a new stake in TC Energy in the fourth quarter valued at approximately $32,000. Finally, SWAN Capital LLC bought a new stake in TC Energy in the third quarter valued at approximately $40,000. Institutional investors own 83.13% of the company’s stock.

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.