Scotiabank Has Strong Estimate for TC Energy FY2026 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Research analysts at Scotiabank increased their FY2026 EPS estimates for shares of TC Energy in a research note issued on Thursday, February 19th. Scotiabank analyst R. Hope now anticipates that the pipeline company will earn $2.87 per share for the year, up from their previous estimate of $2.82. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.

A number of other brokerages also recently commented on TRP. Raymond James Financial raised shares of TC Energy to a “hold” rating in a research report on Tuesday, February 17th. National Bank Financial cut TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of TC Energy in a report on Monday, February 16th. Wall Street Zen upgraded TC Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, The Goldman Sachs Group boosted their target price on TC Energy from $48.00 to $53.00 and gave the stock a “sell” rating in a research note on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Hold” and an average target price of $72.50.

TC Energy Stock Up 0.5%

TC Energy stock opened at $63.43 on Monday. The firm has a market capitalization of $66.04 billion, a P/E ratio of 27.29 and a beta of 0.73. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.66. TC Energy has a twelve month low of $43.59 and a twelve month high of $63.94. The stock’s fifty day simple moving average is $57.33 and its 200-day simple moving average is $54.26.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Friday, February 13th. The pipeline company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $1.05 EPS.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.5%. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, March 31st. TC Energy’s dividend payout ratio is currently 106.90%.

Institutional Trading of TC Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of TC Energy by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock worth $2,632,200,000 after purchasing an additional 980,221 shares during the last quarter. Capital Research Global Investors increased its position in TC Energy by 2.5% during the third quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock worth $2,282,469,000 after buying an additional 1,041,864 shares in the last quarter. FIL Ltd increased its position in TC Energy by 3.9% during the fourth quarter. FIL Ltd now owns 28,305,789 shares of the pipeline company’s stock worth $1,558,669,000 after buying an additional 1,052,166 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of TC Energy by 5.9% in the second quarter. Canada Pension Plan Investment Board now owns 20,986,748 shares of the pipeline company’s stock valued at $1,025,220,000 after acquiring an additional 1,178,190 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of TC Energy by 6.3% during the fourth quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock valued at $1,150,656,000 after acquiring an additional 1,244,525 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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.