Q4 2024 Earnings Estimate for TC Energy Co. Issued By Atb Cap Markets (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Atb Cap Markets lowered their Q4 2024 EPS estimates for shares of TC Energy in a report issued on Monday, May 6th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $1.08 per share for the quarter, down from their prior estimate of $1.11. The consensus estimate for TC Energy’s current full-year earnings is $4.19 per share. Atb Cap Markets also issued estimates for TC Energy’s FY2025 earnings at $4.44 EPS and FY2026 earnings at $4.80 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. The business had revenue of C$4.24 billion for the quarter, compared to analyst estimates of C$3.94 billion. TC Energy had a net margin of 17.24% and a return on equity of 8.37%.

Other analysts also recently issued reports about the stock. Stifel Nicolaus set a C$61.00 price objective on shares of TC Energy and gave the company a “buy” rating in a report on Thursday, January 18th. Jefferies Financial Group upped their price objective on shares of TC Energy from C$51.00 to C$52.00 and gave the company a “hold” rating in a report on Monday. Barclays increased their price target on shares of TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Royal Bank of Canada lowered their price target on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, National Bankshares increased their price target on shares of TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average target price of C$54.50.

TC Energy Stock Up 0.1 %

TRP stock opened at C$51.45 on Wednesday. The firm’s fifty day simple moving average is C$52.29 and its 200-day simple moving average is C$51.75. The company has a market capitalization of C$53.51 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. The company has a debt-to-equity ratio of 162.75, a current ratio of 0.94 and a quick ratio of 0.40. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$56.75.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s dividend payout ratio (DPR) is 146.56%.

Insider Activity

In other news, Director Kevin B. Engel sold 2,514 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the sale, the director now directly owns -29 shares in the company, valued at C($1,575.66). In other news, Director Kevin B. Engel sold 2,514 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the sale, the director now directly owns -29 shares in the company, valued at C($1,575.66). Also, Director Alexis A.J. Hudy bought 875 shares of TC Energy stock in a transaction dated Monday, March 25th. The stock was acquired at an average price of C$54.97 per share, with a total value of C$48,098.75. Following the completion of the transaction, the director now directly owns 875 shares of the company’s stock, valued at C$48,098.75. Insiders acquired 4,526 shares of company stock worth $248,609 over the last three months. Insiders own 0.04% of the company’s stock.

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.