Zacks Research Has Pessimistic View of TC Energy Q2 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at Zacks Research dropped their Q2 2027 EPS estimates for TC Energy in a research note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.86 per share for the quarter, down from their prior forecast of $0.87. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy’s FY2027 earnings at $3.43 EPS.

A number of other equities analysts have also recently weighed in on the company. US Capital Advisors cut TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. National Bankshares lifted their price target on TC Energy from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Citigroup set a C$75.00 price target on TC Energy and gave the stock a “neutral” rating in a research note on Friday, September 5th. Jefferies Financial Group dropped their price target on TC Energy from C$71.00 to C$68.00 in a research note on Wednesday, July 23rd. Finally, Barclays lifted their price target on TC Energy from C$74.00 to C$75.00 in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and an average target price of C$74.46.

TC Energy Price Performance

TSE:TRP opened at C$71.79 on Wednesday. The business’s 50-day moving average price is C$68.00 and its 200 day moving average price is C$67.74. The firm has a market cap of C$74.63 billion, a P/E ratio of 17.60, a PEG ratio of 1.69 and a beta of 0.92. TC Energy has a 52-week low of C$55.30 and a 52-week high of C$72.35. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

TC Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.7%. TC Energy’s dividend payout ratio (DPR) is currently 85.36%.

Insider Activity at TC Energy

In related news, Director Francois Lionel Poirier sold 53,946 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$70.49, for a total value of C$3,802,669.72. Following the completion of the sale, the director directly owned 113,550 shares in the company, valued at approximately C$8,004,173.57. The trade was a 32.21% decrease in their position. Also, Director Siim A. Vanaselja sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of C$70.07, for a total value of C$2,802,640.00. Following the completion of the sale, the director owned 12,000 shares of the company’s stock, valued at approximately C$840,792. This trade represents a 76.92% decrease in their ownership of the stock. 0.03% of the stock is currently owned by insiders.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.