China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Investing.com - BMO Capital upgraded TC Energy (TSX:TRP) (NYSE:TRP) from Market Perform to Outperform on Friday, while raising its price target to C$83.00 from C$73.00. The company currently offers a 4.83% dividend yield.
The upgrade follows TC Energy’s third-quarter 2025 financial report and new three-year outlook, which BMO Capital believes demonstrates the company’s successful growth strategy that should deliver compounding benefits to shareholders. InvestingPro data shows TC has maintained dividend payments for 53 consecutive years.
BMO Capital cited TC Energy’s solid project execution, self-funded balance sheet, and strategically positioned natural gas pipeline and nuclear power assets as key factors supporting the rating change.
The firm raised its EV/EBITDA multiple for TC Energy to 13.5x from 12.5x, driving the significant price target increase, as it believes the company deserves "a significant premium valuation over pipeline peers." The stock trades at a favorable PEG ratio of 0.75.
TC Energy operates energy infrastructure across North America, with a focus on natural gas pipelines, power generation, and energy storage assets. The $52.49B market cap company has achieved 15.85% revenue growth over the last twelve months. For deeper analysis, check out TC Energy’s comprehensive InvestingPro Research Report.
In other recent news, TC Energy reported its third-quarter 2025 earnings, showcasing a slight earnings per share (EPS) beat. The company achieved an EPS of $0.77, surpassing the forecasted $0.76, which marks a 1.32% positive surprise. Despite this earnings beat, TC Energy’s revenue fell short of expectations, reporting $2.63 billion compared to the anticipated $2.65 billion, marking a 0.75% miss. These financial results highlight mixed performance for the quarter, with better-than-expected earnings but lower-than-expected revenue. The report reflects the latest developments in TC Energy’s financial standing. Investors may consider these results in light of recent analyst evaluations. The earnings and revenue figures are critical for stakeholders assessing the company’s current performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.