Scotiabank Has Pessimistic View of TC Energy FY2026 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Stock analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of TC Energy in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst R. Hope now forecasts that the pipeline company will earn $2.69 per share for the year, down from their previous forecast of $2.83. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.75 per share.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “neutral” rating and increased their target price for the stock from $53.00 to $62.00 in a report on Monday, April 20th. National Bank Financial raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings cut TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. TD Securities reiterated a “hold” rating on shares of TC Energy in a research report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their target price on TC Energy from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, TC Energy has an average rating of “Moderate Buy” and a consensus target price of $78.50.

TC Energy Trading Up 2.6%

Shares of TRP opened at $68.71 on Wednesday. The stock has a market capitalization of $71.59 billion, a P/E ratio of 29.82 and a beta of 0.66. TC Energy has a twelve month low of $46.29 and a twelve month high of $71.47. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $67.73 and a two-hundred day simple moving average of $62.74.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share.

TC Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. TC Energy’s dividend payout ratio is 110.43%.

Hedge Funds Weigh In On TC Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in shares of TC Energy by 586.5% in the 4th quarter. GQG Partners LLC now owns 16,154,469 shares of the pipeline company’s stock worth $890,711,000 after purchasing an additional 13,801,371 shares in the last quarter. Norges Bank purchased a new stake in shares of TC Energy during the fourth quarter valued at $583,732,000. Deutsche Bank AG increased its holdings in TC Energy by 63.2% in the 4th quarter. Deutsche Bank AG now owns 15,384,255 shares of the pipeline company’s stock worth $846,288,000 after buying an additional 5,956,263 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in TC Energy in the 2nd quarter worth about $78,443,000. Finally, TD Asset Management Inc boosted its holdings in shares of TC Energy by 6.3% during the 4th quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock valued at $1,150,656,000 after acquiring an additional 1,244,525 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Company Profile

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.