Q1 EPS Estimates for TC Energy Cut by US Capital Advisors

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at US Capital Advisors cut their Q1 2027 EPS estimates for TC Energy in a research report issued to clients and investors on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $0.75 per share for the quarter, down from their prior estimate of $0.76. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.78 per share. US Capital Advisors also issued estimates for TC Energy’s Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.60 EPS, Q4 2027 earnings at $0.72 EPS, FY2027 earnings at $2.69 EPS and FY2028 earnings at $2.81 EPS.

Several other brokerages have also recently commented on TRP. Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a report on Tuesday, July 21st. TD Securities reissued a “hold” rating on shares of TC Energy in a research report on Thursday, July 16th. Royal Bank Of Canada raised their price objective on TC Energy from $104.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TC Energy in a report on Friday, July 31st. Finally, Morgan Stanley downgraded TC Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.00.

TC Energy Stock Performance

NYSE TRP opened at $61.85 on Monday. The firm has a 50-day moving average price of $66.66 and a two-hundred day moving average price of $65.32. TC Energy has a 12-month low of $49.27 and a 12-month high of $71.47. The company has a market capitalization of $64.45 billion, a P/E ratio of 25.67 and a beta of 0.66. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $0.82 earnings per share.

Hedge Funds Weigh In On TC Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new stake in shares of TC Energy during the 2nd quarter worth $1,148,244,000. GQG Partners LLC acquired a new stake in TC Energy in the second quarter valued at about $1,107,936,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in TC Energy in the second quarter valued at about $977,976,000. Norges Bank bought a new position in TC Energy in the fourth quarter valued at about $583,732,000. Finally, Legal & General Group Plc acquired a new position in TC Energy during the second quarter worth about $519,612,000. Institutional investors own 83.13% of the company’s stock.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, September 29th. This represents a $3.51 annualized dividend and a yield of 5.7%. TC Energy’s dividend payout ratio is presently 102.49%.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.