US Capital Advisors Reduces Earnings Estimates for TC Energy

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Investment analysts at US Capital Advisors reduced their Q1 2027 earnings estimates for shares of TC Energy in a note issued to investors on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.75 per share for the quarter, down from their prior forecast 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.

A number of other research firms have also weighed in on TRP. BMO Capital Markets restated an “outperform” rating and issued a $99.00 target price on shares of TC Energy in a report on Friday, July 31st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of TC Energy in a research report on Tuesday, May 26th. National Bank Financial upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. TD Securities reaffirmed a “hold” rating on shares of TC Energy in a report on Thursday, July 16th. Finally, Morgan Stanley lowered shares of TC Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 10th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

TC Energy Stock Performance

Shares of TRP opened at $62.06 on Monday. The firm has a market capitalization of $64.66 billion, a P/E ratio of 25.75 and a beta of 0.66. TC Energy has a 52 week low of $49.27 and a 52 week high of $71.47. The stock has a 50 day moving average price of $66.80 and a two-hundred day moving average price of $65.30. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.54 and a current ratio of 0.61.

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

Institutional Trading of TC Energy

A number of hedge funds have recently bought and sold shares of TRP. Syon Capital LLC grew its stake in TC Energy by 7.2% in the 2nd quarter. Syon Capital LLC now owns 10,551 shares of the pipeline company’s stock valued at $699,000 after purchasing an additional 709 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of TC Energy by 3.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 10,619,936 shares of the pipeline company’s stock worth $695,799,000 after purchasing an additional 312,027 shares during the period. NEOS Investment Management LLC raised its stake in shares of TC Energy by 63.1% during the 2nd quarter. NEOS Investment Management LLC now owns 776,001 shares of the pipeline company’s stock worth $51,371,000 after purchasing an additional 300,247 shares during the period. Ewing Morris & Co. Investment Partners Ltd. raised its stake in shares of TC Energy by 1.0% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 39,533 shares of the pipeline company’s stock worth $2,642,000 after purchasing an additional 377 shares during the period. Finally, Nykredit A S purchased a new position in shares of TC Energy in the 2nd quarter worth about $29,447,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Announces Dividend

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

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.