What is Scotiabank’s Forecast for TC Energy FY2026 Earnings?

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of TC Energy in a research report issued to clients and investors on Friday, May 1st. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.85 per share for the year, down from their prior forecast of $2.87. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.76 per share.

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, topping analysts’ consensus estimates of $0.70 by $0.02. TC Energy had a net margin of 22.22% and a return on equity of 10.77%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business earned $0.95 EPS.

TRP has been the subject of a number of other reports. Weiss Ratings upgraded shares of TC Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, April 21st. TD Securities reiterated a “hold” rating on shares of TC Energy in a research note on Monday. Raymond James Financial upgraded shares of TC Energy to a “hold” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $53.00 to $62.00 in a research note on Monday, April 20th. Finally, Barclays reiterated an “overweight” rating on shares of TC Energy in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.50.

TC Energy Price Performance

Shares of NYSE TRP opened at $66.04 on Tuesday. TC Energy has a twelve month low of $46.29 and a twelve month high of $67.31. The firm has a market cap of $68.80 billion, a P/E ratio of 28.66 and a beta of 0.67. The company has a 50 day moving average of $63.11 and a 200 day moving average of $57.83. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.66.

TC Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.51 dividend on an annualized basis and a yield of 5.3%. TC Energy’s payout ratio is currently 109.57%.

Institutional Investors Weigh In On TC Energy

Hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC purchased a new stake in TC Energy during the 1st quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in TC Energy during the 4th quarter valued at $25,000. Trust Co. of Vermont bought a new stake in shares of TC Energy during the 4th quarter valued at $28,000. McIlrath & Eck LLC bought a new stake in shares of TC Energy during the 4th quarter valued at $32,000. Finally, Westside Investment Management Inc. grew its position in shares of TC Energy by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 297 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

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.