Q4 Earnings Forecast for TC Energy Issued By Raymond James

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at Raymond James issued their Q4 2024 earnings per share estimates for shares of TC Energy in a research note issued on Thursday, November 21st. Raymond James analyst A. Bradford expects that the company will post earnings of $0.95 per share for the quarter. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Raymond James also issued estimates for TC Energy’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.80 EPS.

Several other brokerages also recently commented on TRP. UBS Group upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Scotiabank raised their target price on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. BMO Capital Markets raised their price target on TC Energy from C$66.00 to C$70.00 in a research report on Wednesday, November 20th. Finally, Barclays boosted their price objective on TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average target price of C$69.54.

TC Energy Stock Performance

Shares of TSE TRP opened at C$68.60 on Monday. The business’s 50-day simple moving average is C$65.13 and its 200-day simple moving average is C$59.16. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.32. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The firm has a market cap of C$71.34 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Mark Yeomans sold 6,500 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95. Also, Director Colin Lindley sold 3,194 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the completion of the sale, the director now owns 697 shares in the company, valued at C$47,883.41. This represents a 82.09 % decrease in their position. Insiders have sold 214,476 shares of company stock valued at $14,299,929 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.49%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is currently 116.01%.

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.