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

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Analysts at Scotiabank lifted their FY2026 earnings per share estimates for TC Energy in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings of $2.76 per share for the year, up from their prior estimate of $2.69. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.75 per share. Scotiabank also issued estimates for TC Energy’s FY2027 earnings at $2.89 EPS.

A number of other brokerages have also recently issued reports on TRP. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of TC Energy in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of TC Energy in a research report on Friday, July 31st. Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 10th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday. Finally, National Bank Financial upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, TC Energy currently has an average rating of “Moderate Buy” and an average price target of $89.00.

TC Energy Stock Up 1.1%

TRP opened at $63.07 on Friday. TC Energy has a fifty-two week low of $49.27 and a fifty-two week high of $71.47. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.61 and a quick ratio of 0.54. The firm’s fifty day moving average price is $67.09 and its two-hundred day moving average price is $65.26. The company has a market capitalization of $65.72 billion, a P/E ratio of 26.17 and a beta of 0.66.

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

TC Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 29th. TC Energy’s dividend payout ratio is currently 103.73%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Groupe la Francaise boosted its stake in TC Energy by 2.1% in the first quarter. Groupe la Francaise now owns 7,352 shares of the pipeline company’s stock valued at $459,000 after acquiring an additional 154 shares during the last quarter. Wealthstar Advisors LLC raised its position in shares of TC Energy by 1.5% during the 1st quarter. Wealthstar Advisors LLC now owns 11,465 shares of the pipeline company’s stock valued at $718,000 after acquiring an additional 165 shares during the last quarter. Gold Investment Management Ltd. raised its position in shares of TC Energy by 2.0% during the 4th quarter. Gold Investment Management Ltd. now owns 9,964 shares of the pipeline company’s stock valued at $549,000 after acquiring an additional 200 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of TC Energy by 5.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 3,911 shares of the pipeline company’s stock valued at $245,000 after purchasing an additional 210 shares during the period. Finally, Arax Advisory Partners lifted its stake in shares of TC Energy by 7.9% in the 4th quarter. Arax Advisory Partners now owns 3,029 shares of the pipeline company’s stock valued at $167,000 after purchasing an additional 221 shares during the period. 83.13% of the stock is owned by institutional investors.

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.