US Capital Advisors upgraded shares of TC Energy (NYSE:TRP – Free Report) (TSE:TRP) from a hold rating to a moderate buy rating in a report published on Thursday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q3 2026 earnings at $0.64 EPS, Q4 2026 earnings at $0.77 EPS and FY2026 earnings at $2.80 EPS.
Several other equities research analysts also recently issued reports on TRP. BMO Capital Markets restated an “outperform” rating and issued a $99.00 price objective on shares of TC Energy in a research note on Friday, July 31st. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 10th. Barclays restated an “overweight” rating on shares of TC Energy in a research report on Thursday, July 16th. Royal Bank Of Canada upped their price objective on shares of TC Energy from $104.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of TC Energy in a research note on Tuesday, July 21st. 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 company’s stock. Based on data from MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.
Check Out Our Latest Stock Analysis on TRP
TC Energy Price Performance
TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.76 billion. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same quarter in the previous year, the business earned $0.82 EPS. On average, sell-side analysts expect that TC Energy will post 2.75 earnings per share for the current year.
TC Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $3.51 annualized dividend and a yield of 5.6%. TC Energy’s payout ratio is currently 103.73%.
Institutional Investors Weigh In On TC Energy
Several large investors have recently made changes to their positions in TRP. Canada Pension Plan Investment Board bought a new stake in TC Energy during the second quarter worth about $1,148,244,000. GQG Partners LLC bought a new stake in TC Energy during the 2nd quarter worth approximately $1,107,936,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TC Energy during the 2nd quarter valued at $977,976,000. Norges Bank acquired a new stake in shares of TC Energy in the fourth quarter valued at $583,732,000. Finally, Legal & General Group Plc bought a new position in shares of TC Energy in the second quarter valued at about $519,612,000. 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.
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