TC Energy Sees Unusually High Options Volume (NYSE:TRP)

TC Energy Co. (NYSE:TRP - Get Free Report) TSE: TRP saw unusually large options trading on Wednesday. Stock traders bought 16,157 put options on the company. This represents an increase of 1,446% compared to the average volume of 1,045 put options.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. TD Securities initiated coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada lifted their target price on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Citigroup started coverage on TC Energy in a research note on Friday, April 4th. They set a "neutral" rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and an average target price of $62.00.

Institutional Investors Weigh In On TC Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lowe Wealth Advisors LLC acquired a new position in TC Energy in the first quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in TC Energy during the 4th quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in shares of TC Energy in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of TC Energy in the 4th quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of TC Energy during the 4th quarter valued at approximately $41,000. Institutional investors own 83.13% of the company's stock.

TC Energy Trading Up 0.2 %

NYSE:TRP opened at $50.34 on Thursday. The stock has a market cap of $52.33 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. TC Energy has a one year low of $35.54 and a one year high of $50.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The business's 50-day simple moving average is $47.32 and its 200 day simple moving average is $47.25.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the company posted $1.35 EPS. As a group, sell-side analysts predict that TC Energy will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.85 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 6.75%. The ex-dividend date was Monday, March 31st. TC Energy's dividend payout ratio (DPR) is currently 72.84%.

About TC Energy

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.

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