National Bank Financial Comments on TC Energy Q4 Earnings

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of TC Energy in a note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the pipeline company will post earnings of $0.68 per share for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $2.95 per share.

Other equities research analysts also recently issued reports about the stock. TD Securities began coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, October 21st. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Finally, StockNews.com began coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.00.

TC Energy Stock Down 0.2 %

TRP stock opened at $45.27 on Thursday. The stock has a market capitalization of $47.04 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 4.45 and a beta of 0.82. TC Energy has a 52 week low of $31.83 and a 52 week high of $50.37. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The firm has a 50 day moving average of $47.19 and a 200 day moving average of $46.09.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This represents a $3.29 annualized dividend and a yield of 7.26%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s dividend payout ratio (DPR) is currently 63.16%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meixler Investment Management Ltd. increased its stake in shares of TC Energy by 9.8% in the 4th quarter. Meixler Investment Management Ltd. now owns 10,600 shares of the pipeline company’s stock valued at $493,000 after purchasing an additional 950 shares in the last quarter. Lee Financial Co grew its holdings in TC Energy by 3.1% in the fourth quarter. Lee Financial Co now owns 8,185 shares of the pipeline company’s stock valued at $381,000 after purchasing an additional 246 shares during the period. Allworth Financial LP increased its position in shares of TC Energy by 72.2% in the fourth quarter. Allworth Financial LP now owns 1,941 shares of the pipeline company’s stock valued at $92,000 after buying an additional 814 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of TC Energy during the 4th quarter worth approximately $280,000. Finally, Guyasuta Investment Advisors Inc. lifted its position in shares of TC Energy by 4.6% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 6,800 shares of the pipeline company’s stock valued at $316,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

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.