US Capital Advisors Upgrades TC Energy (NYSE:TRP) to Moderate Buy

TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by US Capital Advisors from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.67 EPS.

TRP has been the topic of a number of other research reports. StockNews.com began coverage on TC Energy in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. BMO Capital Markets increased their target price on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Veritas raised TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, TC Energy has an average rating of “Hold” and an average target price of $56.00.

TC Energy Price Performance

Shares of NYSE TRP opened at $46.71 on Monday. The firm has a market cap of $48.53 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 4.31 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. TC Energy has a 1-year low of $31.83 and a 1-year high of $50.37. The business’s 50 day moving average is $46.92 and its 200-day moving average is $46.25.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. Equities research analysts predict that TC Energy will post 2.95 earnings per share for the current year.

Institutional Investors Weigh In On TC Energy

A number of large investors have recently modified their holdings of the business. Checchi Capital Advisers LLC boosted its holdings in shares of TC Energy by 15.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 5,137 shares of the pipeline company’s stock valued at $239,000 after purchasing an additional 699 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TC Energy by 8.3% in the 4th quarter. Bank of New York Mellon Corp now owns 905,014 shares of the pipeline company’s stock valued at $42,110,000 after purchasing an additional 69,419 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of TC Energy by 7.0% in the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 249 shares in the last quarter. Atlantic Family Wealth LLC acquired a new stake in shares of TC Energy in the 4th quarter valued at $251,000. Finally, Lipe & Dalton boosted its holdings in shares of TC Energy by 1.9% in the 4th quarter. Lipe & Dalton now owns 53,657 shares of the pipeline company’s stock valued at $2,497,000 after purchasing an additional 980 shares in the last quarter. Institutional investors and hedge funds own 83.13% 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.