US Capital Advisors Comments on TC Energy Co.’s FY2024 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at US Capital Advisors boosted their FY2024 earnings per share (EPS) estimates for TC Energy in a research report issued on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $4.05 for the year, up from their prior estimate of $3.99. The consensus estimate for TC Energy’s current full-year earnings is $4.21 per share. US Capital Advisors also issued estimates for TC Energy’s Q4 2025 earnings at $1.04 EPS.

TRP has been the subject of a number of other research reports. Barclays lifted their price objective on TC Energy from C$53.00 to C$55.00 in a research report on Monday, January 29th. Jefferies Financial Group lifted their price objective on TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. National Bankshares lifted their price objective on TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. TD Securities lifted their price objective on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Finally, Scotiabank lifted their price objective on TC Energy from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$54.50.

TC Energy Trading Down 0.5 %

Shares of TRP stock opened at C$53.15 on Wednesday. TC Energy has a fifty-two week low of C$43.70 and a fifty-two week high of C$55.91. The stock has a market cap of C$55.28 billion, a P/E ratio of 20.29, a P/E/G ratio of 0.26 and a beta of 0.74. The business has a fifty day simple moving average of C$51.98 and a 200-day simple moving average of C$52.11. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Christine R. Johnston sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total value of C$70,689.50. Following the transaction, the insider now directly owns 466 shares of the company’s stock, valued at approximately C$24,767.90. In other news, Director Kevin B. Engel sold 2,514 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 approximately C($1,575.66). Also, Senior Officer Christine R. Johnston sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$53.15, for a total value of C$70,689.50. Following the completion of the sale, the insider now owns 466 shares of the company’s stock, valued at C$24,767.90. Insiders have acquired a total of 4,526 shares of company stock valued at $248,609 in the last three months. Corporate insiders own 0.04% of the company’s stock.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders 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 7.22%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s payout ratio is 146.56%.

TC Energy Company Profile

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.