National Bank Financial Forecasts TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) 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 company will earn $0.98 per share for the quarter. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

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

Other analysts also recently issued research reports about the company. Scotiabank increased their target price on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. ATB Capital raised their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Veritas upgraded TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. BMO Capital Markets raised their price objective on TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Finally, Barclays raised their price objective on TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$72.50.

TC Energy Price Performance

Shares of TSE:TRP opened at C$65.47 on Thursday. The business has a 50 day moving average price of C$67.48 and a 200 day moving average price of C$63.71. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The company has a market cap of C$68.09 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.80%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Insider Activity at TC Energy

In related news, Director Trevor Ebl sold 9,554 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total transaction of C$654,219.70. Also, Senior Officer Nancy Angenita Johnson sold 3,328 shares of TC Energy stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total value of C$225,472.00. Insiders sold 420,911 shares of company stock valued at $28,259,105 in the last three months. Corporate insiders own 0.03% 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.