0816 ET - TC Energy's 4Q performance at first blush looks to be neutral, with results coming in line with consensus expectations and guidance for 2025 unchanged, Jefferies' Anthony Linton says. Adjusted Ebitda was C$2.6 billion, as a lower-than-expected contribution from TC's natural gas pipelines was offset by a higher contribution from the power business thanks to a strong performance at the Bruce nuclear facility. Alongside the results, the company announced a 3.3% rise in its quarterly dividend, implying an annual yield of about 5.1% and in line with 2025 forecasts, Linton says. Jefferies has a C$71 target on the shares, which last closed at C$67.20. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
February 14, 2025 08:16 ET (13:16 GMT)
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