TC Energy Co. (TSE:TRP – Free Report) (NYSE:TRP) – Equities research analysts at Zacks Research cut their Q2 2024 earnings per share estimates for shares of TC Energy in a report released on Thursday, May 16th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $1.52 for the quarter, down from their prior estimate of $1.59. The consensus estimate for TC Energy’s current full-year earnings is $4.21 per share. Zacks Research also issued estimates for TC Energy’s Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $4.27 EPS, Q2 2025 earnings at $1.65 EPS, FY2025 earnings at $4.25 EPS and Q1 2026 earnings at $1.15 EPS. Several other analysts also recently commented on the stock. National Bankshares raised their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group increased their target price on TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. TD Securities boosted their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Barclays increased their price objective on shares of TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Finally, Scotiabank lifted their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus price target of C$54.50. Get Our Latest Analysis on TRP TC Energy Price Performance TSE TRP opened at C$52.95 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 163.01. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$55.91. The stock has a market cap of C$55.07 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.26 and a beta of 0.74. The company’s 50 day moving average is C$52.08 and its two-hundred day moving average is C$52.06. TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.31%. Insider Activity at TC Energy In related news, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of C$54.48 per share, with a total value of C$40,860.00. In other news, Director Alexis A.J. Hudy bought 875 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the transaction, the director now directly owns 875 shares in the company, valued at approximately C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of C$54.48 per share, with a total value of C$40,860.00. Insiders acquired a total of 4,526 shares of company stock worth $248,609 in the last quarter. 0.04% of the stock is owned by company insiders. TC Energy Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Friday, June 28th. TC Energy’s dividend payout ratio is currently 146.56%. About TC Energy (Get Free Report) TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.