TC Energy Target of Unusually Large Options Trading (NYSE:TRP)

[view original post]

TC Energy Co. (NYSE:TRPGet Rating) (TSE:TRP) saw unusually large options trading activity on Wednesday. Stock investors purchased 16,157 put options on the stock. This represents an increase of approximately 1,446% compared to the average daily volume of 1,045 put options.

TRP has been the subject of several research analyst reports. Wolfe Research lowered shares of TC Energy from a “peer perform” rating to an “underperform” rating and raised their price target for the stock from $53.00 to $57.00 in a research note on Monday, April 11th. National Bank Financial raised their price objective on shares of TC Energy from C$65.00 to C$66.00 in a report on Thursday, February 17th. US Capital Advisors reaffirmed a “hold” rating on shares of TC Energy in a report on Wednesday, June 1st. Morgan Stanley downgraded shares of TC Energy from an “equal weight” rating to an “underweight” rating and set a $78.00 price objective for the company. in a report on Tuesday, April 26th. They noted that the move was a valuation call. Finally, Scotiabank raised their price objective on shares of TC Energy from C$72.00 to C$78.00 in a report on Wednesday, April 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from, the stock presently has an average rating of “Hold” and a consensus price target of $68.00.

Large investors have recently modified their holdings of the stock. Retirement Planning Co of New England Inc. purchased a new position in TC Energy in the 4th quarter worth $25,000. Prospera Financial Services Inc purchased a new position in TC Energy in the 1st quarter worth $33,000. UMB Bank N A MO purchased a new position in shares of TC Energy in the fourth quarter valued at about $30,000. MV Capital Management Inc. increased its position in shares of TC Energy by 38.1% in the fourth quarter. MV Capital Management Inc. now owns 725 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Finally, Rational Advisors LLC increased its position in shares of TC Energy by 57.8% in the first quarter. Rational Advisors LLC now owns 770 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 282 shares during the period. Institutional investors own 70.11% of the company’s stock.

NYSE TRP opened at $53.47 on Thursday. TC Energy has a 52-week low of $44.77 and a 52-week high of $59.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.54 and a current ratio of 0.61. The company has a market capitalization of $52.58 billion, a P/E ratio of 20.33, a P/E/G ratio of 4.25 and a beta of 0.71. The company has a fifty day moving average of $56.53 and a 200-day moving average of $53.03.

TC Energy (NYSE:TRPGet Rating) (TSE:TRP) last posted its quarterly earnings data on Friday, April 29th. The pipeline company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). TC Energy had a return on equity of 14.61% and a net margin of 24.96%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, analysts forecast that TC Energy will post 3.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a boost from TC Energy’s previous quarterly dividend of $0.71. TC Energy’s dividend payout ratio (DPR) is presently 109.51%.

About TC Energy (Get Rating)

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 Storage. The company builds and operates 93,300 km network 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.

Further Reading

Receive News & Ratings for TC Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TC Energy and related companies with’s FREE daily email newsletter.