National Bank Financial Forecasts TC Energy Q4 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for TC Energy in a research note issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $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 posted its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%.

TRP has been the topic of several other reports. Raymond James upgraded TC Energy to a “hold” rating in a report on Thursday, November 21st. Wells Fargo & Company boosted their price target on TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. ATB Capital boosted their price target on TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price target on TC Energy from C$64.00 to C$65.00 in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$72.50.

TC Energy Stock Performance

TRP stock opened at C$65.47 on Thursday. The business’s 50-day moving average price is C$67.48 and its two-hundred day moving average price is C$63.71. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The firm has a market cap of C$68.09 billion, a PE ratio of 19.78, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32.

Insiders Place Their Bets

In other news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$67.75, for a total transaction of C$225,472.00. Also, Senior Officer Francois Lionel Poirier sold 118,243 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total value of C$8,085,219.85. Insiders have sold a total of 420,911 shares of company stock valued at $28,259,105 over the last 90 days. 0.03% of the stock is currently owned by 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 given a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is 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.