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

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Stock analysts at Scotiabank boosted their FY2027 earnings per share (EPS) estimates for shares of TC Energy in a research report issued on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings of $2.98 per share for the year, up from their previous forecast of $2.92. 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.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley reissued an “overweight” rating on shares of TC Energy in a report on Wednesday, January 28th. The Goldman Sachs Group lifted their target price on shares of TC Energy from $48.00 to $53.00 and gave the company a “sell” rating in a research report on Wednesday. Citigroup restated a “neutral” rating on shares of TC Energy in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TC Energy in a research note on Monday, December 29th. Finally, National Bank Financial cut TC Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.50.

TC Energy Trading Up 1.3%

Shares of TRP stock opened at $62.51 on Friday. TC Energy has a 1-year low of $43.59 and a 1-year high of $63.94. The company has a market cap of $65.09 billion, a price-to-earnings ratio of 26.90 and a beta of 0.73. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $56.81 and a 200-day simple moving average of $53.90.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of TC Energy by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock valued at $2,632,200,000 after purchasing an additional 980,221 shares during the last quarter. Capital Research Global Investors increased its stake in shares of TC Energy by 2.5% in the 3rd quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock worth $2,282,469,000 after acquiring an additional 1,041,864 shares during the last quarter. FIL Ltd raised its holdings in shares of TC Energy by 3.9% during the 4th quarter. FIL Ltd now owns 28,305,789 shares of the pipeline company’s stock worth $1,558,669,000 after acquiring an additional 1,052,166 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of TC Energy by 5.9% during the 2nd 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 during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of TC Energy by 6.3% during the 4th 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. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. TC Energy’s payout ratio is currently 106.90%.

TC Energy Company Profile

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.