US Capital Advisors Forecasts TC Energy Q2 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at US Capital Advisors decreased their Q2 2027 EPS estimates for TC Energy in a research report issued on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $0.60 per share for the quarter, down from their prior estimate of $0.61. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.80 per share. US Capital Advisors also issued estimates for TC Energy’s Q3 2027 earnings at $0.58 EPS, Q4 2027 earnings at $0.70 EPS, FY2027 earnings at $2.63 EPS and FY2028 earnings at $2.72 EPS.

TRP has been the subject of several other reports. TD upgraded shares of TC Energy to a “buy” rating in a research report on Tuesday, September 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of TC Energy in a research report on Wednesday, September 16th. Jefferies Financial Group raised TC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Royal Bank Of Canada reiterated a “moderate buy” rating and set a $106.00 price objective on shares of TC Energy in a research report on Friday, September 11th. Finally, The Goldman Sachs Group raised TC Energy from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.75.

TC Energy Stock Up 0.6%

TRP opened at $62.86 on Wednesday. TC Energy has a 12-month low of $49.27 and a 12-month high of $71.47. The business has a 50 day moving average of $61.23 and a 200-day moving average of $63.48.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $0.82 EPS.

Institutional Investors Weigh In On TC Energy

Several institutional investors and hedge funds have recently made changes to their positions in TRP. Ontario Teachers Pension Plan Board bought a new position in shares of TC Energy during the second quarter valued at about $273,917,000. Korea Investment CORP purchased a new stake in TC Energy during the 2nd quarter valued at about $30,152,000. Wellington Management Group LLP purchased a new stake in TC Energy during the 2nd quarter valued at about $7,450,000. Canada Pension Plan Investment Board bought a new position in TC Energy during the 2nd quarter worth approximately $1,148,244,000. Finally, The Manufacturers Life Insurance Company grew its position in TC Energy by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,491,844 shares of the pipeline company’s stock worth $362,982,000 after acquiring an additional 452,308 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Company Profile

TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.