TC Energy Co. (NYSE:TRP) Forecasted to Post FY2025 Earnings of $3.10 Per Share

TC Energy Co. (NYSE:TRP) (TSE:TRP) – National Bank Financial raised their FY2025 earnings per share (EPS) estimates for shares of TC Energy in a research note issued on Thursday, August 1st. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings of $3.10 per share for the year, up from their previous estimate of $2.88. The consensus estimate for TC Energy’s current full-year earnings is $3.04 per share.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, August 1st. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.29. TC Energy had a return on equity of 19.07% and a net margin of 21.31%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the business earned $0.71 earnings per share.

Separately, Barclays upgraded TC Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.67.

TC Energy Price Performance

TRP opened at $42.98 on Monday. TC Energy has a 12 month low of $32.51 and a 12 month high of $43.41. The company has a fifty day simple moving average of $39.43 and a 200 day simple moving average of $38.88. The stock has a market cap of $42.98 billion, a P/E ratio of 22.21, a P/E/G ratio of 3.52 and a beta of 0.79. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.64.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a dividend of $0.702 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.81 annualized dividend and a yield of 6.53%. TC Energy’s dividend payout ratio (DPR) is presently 144.85%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRP. EdgeRock Capital LLC bought a new stake in TC Energy in the fourth quarter valued at approximately $25,000. Creekmur Asset Management LLC acquired a new stake in TC Energy in the 4th quarter worth about $27,000. Glassman Wealth Services increased its holdings in shares of TC Energy by 61.0% during the fourth quarter. Glassman Wealth Services now owns 726 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 275 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of TC Energy by 138.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock valued at $28,000 after buying an additional 429 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of TC Energy during the 4th quarter valued at $31,000. 83.13% of the stock is owned by institutional investors and hedge funds.

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.