What is Scotiabank’s Estimate for TC Energy FY2027 Earnings?

Posted by on Jul 29th, 2026

TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) – Analysts at Scotiabank upped their FY2027 EPS estimates for TC Energy in a research note issued on Thursday, July 23rd. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings of $2.83 per share for the year, up from their previous estimate of $2.81. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.72 per share.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. During the same period last year, the firm earned $0.95 earnings per share.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $62.00 in a report on Monday, April 20th. TD Securities reissued a “hold” rating on shares of TC Energy in a report on Thursday, July 16th. Weiss Ratings cut TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Royal Bank Of Canada raised their price objective on TC Energy from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, National Bank Financial raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Read Our Latest Research Report on TRP

TC Energy Trading Down 1.0%

Shares of TRP stock opened at $67.67 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.65 and a quick ratio of 0.57. The company has a market cap of $70.51 billion, a price-to-earnings ratio of 29.37 and a beta of 0.66. TC Energy has a 1 year low of $46.61 and a 1 year high of $71.47. The firm has a fifty day moving average price of $68.56 and a 200-day moving average price of $64.19.

Institutional Trading of TC Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in TC Energy by 80.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 526,181 shares of the pipeline company’s stock valued at $28,945,000 after acquiring an additional 234,594 shares in the last quarter. Generali Asset Management SPA SGR increased its position in shares of TC Energy by 261.0% during the fourth quarter. Generali Asset Management SPA SGR now owns 74,906 shares of the pipeline company’s stock worth $4,121,000 after purchasing an additional 54,154 shares in the last quarter. Vanguard Group Inc. increased its position in shares of TC Energy by 2.1% during the fourth 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 in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of TC Energy by 14.0% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,294,518 shares of the pipeline company’s stock valued at $81,037,000 after purchasing an additional 158,686 shares during the last quarter. Finally, BROOKFIELD Corp ON lifted its holdings in shares of TC Energy by 8.9% during the 1st quarter. BROOKFIELD Corp ON now owns 1,735,576 shares of the pipeline company’s stock valued at $108,647,000 after purchasing an additional 141,556 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors.

TC Energy Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for TC Energy (NYSE:TRP)

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