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

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for TC Energy in a note issued to investors on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.69 per share for the year, down from their previous forecast of $2.83. 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.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.During the same quarter in the prior year, the company earned $0.95 earnings per share.

TRP has been the topic of several other research reports. Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 10th. BMO Capital Markets reiterated an “outperform” rating on shares of TC Energy in a research report on Monday, May 4th. TD Securities reiterated a “hold” rating on shares of TC Energy in a research note on Monday, May 4th. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $62.00 in a research report on Monday, April 20th. Finally, Barclays restated an “overweight” rating on shares of TC Energy in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.50.

TC Energy Trading Up 2.6%

TC Energy stock opened at $68.71 on Wednesday. The business has a 50-day simple moving average of $67.73 and a two-hundred day simple moving average of $62.74. The company has a market cap of $71.59 billion, a P/E ratio of 29.82 and a beta of 0.66. TC Energy has a 52-week low of $46.29 and a 52-week high of $71.47. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 1.67.

Institutional Investors Weigh In On TC Energy

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC bought a new position in shares of TC Energy in the first quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in TC Energy in the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in TC Energy during the 4th quarter valued at approximately $28,000. McIlrath & Eck LLC bought a new stake in shares of TC Energy during the fourth quarter valued at approximately $32,000. Finally, SWAN Capital LLC bought a new stake in shares of TC Energy during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 dividend yield of 5.1%. TC Energy’s payout ratio is 110.43%.

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.