FY2027 Earnings Estimate for TC Energy Issued By Scotiabank

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at Scotiabank upped their FY2027 EPS estimates for TC Energy in a research report issued on Thursday, July 23rd. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings per share of $2.83 for the year, up from their previous forecast of $2.81. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.72 per share.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada boosted their price target on TC Energy from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 10th. Barclays reiterated an “overweight” rating on shares of TC Energy in a research report on Thursday, July 16th. BMO Capital Markets reissued an “outperform” rating on shares of TC Energy in a report on Monday, May 4th. Finally, TD Securities reaffirmed a “hold” rating on shares of TC Energy in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

TC Energy Trading Down 0.0%

Shares of TC Energy stock opened at $70.58 on Monday. The company has a 50-day moving average of $68.61 and a two-hundred day moving average of $63.99. TC Energy has a 12-month low of $46.61 and a 12-month high of $71.47. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 1.67. The stock has a market cap of $73.54 billion, a PE ratio of 30.63 and a beta of 0.66.

TC Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.51 annualized dividend and a yield of 5.0%. TC Energy’s dividend payout ratio (DPR) is presently 107.39%.

Institutional Trading of TC Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of TC Energy during the fourth quarter valued at $25,000. Sterling Capital Management LLC acquired a new position in TC Energy in the 1st quarter valued at about $26,000. Trust Co. of Vermont acquired a new position in TC Energy in the 4th quarter valued at about $28,000. McIlrath & Eck LLC purchased a new position in TC Energy in the 4th quarter valued at about $32,000. Finally, SWAN Capital LLC purchased a new position in TC Energy in the 3rd quarter valued at about $40,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Company Profile

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.