What is Zacks Research’s Estimate for TC Energy Q4 Earnings?

TC Energy Co. (NYSE:TRP) (TSE:TRP) – Research analysts at Zacks Research cut their Q4 2024 earnings per share estimates for TC Energy in a research report issued to clients and investors on Thursday, December 12th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $0.62 for the quarter, down from their previous forecast of $0.64. The consensus estimate for TC Energy’s current full-year earnings is $3.00 per share. Zacks Research also issued estimates for TC Energy’s Q3 2025 earnings at $0.59 EPS and Q4 2025 earnings at $0.73 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.83 billion.

A number of other research analysts also recently commented on TRP. StockNews.com assumed coverage on shares of TC Energy in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Finally, BMO Capital Markets raised their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.67.

TC Energy Trading Up 0.0 %

Shares of TC Energy stock opened at $46.06 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The firm has a market cap of $47.80 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.82. TC Energy has a twelve month low of $31.83 and a twelve month high of $50.37. The business has a 50-day moving average price of $47.79 and a 200-day moving average price of $44.38.

Hedge Funds Weigh In On TC Energy

A number of hedge funds have recently bought and sold shares of TRP. EdgeRock Capital LLC acquired a new stake in shares of TC Energy in the second quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in TC Energy by 138.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock worth $28,000 after buying an additional 429 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in TC Energy in the 3rd quarter worth about $28,000. Blue Trust Inc. increased its stake in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after buying an additional 267 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of TC Energy during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.822 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 dividend on an annualized basis and a dividend yield of 7.14%. This is an increase from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s dividend payout ratio is 67.31%.

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.