TC Energy Co. (NYSE:TRP - Get Free Report) TSE: TRP was the target of unusually large options trading activity on Wednesday. Stock traders acquired 16,157 put options on the company. This is an increase of approximately 1,446% compared to the typical volume of 1,045 put options.
Several analysts recently issued reports on the stock. Morgan Stanley raised shares of TC Energy from an "underweight" rating to an "overweight" rating in a report on Friday, October 25th. UBS Group raised shares of TC Energy from a "neutral" rating to a "buy" rating in a research report on Monday, September 30th. The Goldman Sachs Group boosted their price objective on TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a report on Monday, October 21st. Veritas raised TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. Finally, StockNews.com initiated coverage on TC Energy in a report on Wednesday, December 4th. They issued a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $55.67.
Check Out Our Latest Stock Report on TRP
Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its stake in shares of TC Energy by 1.3% in the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock valued at $871,000 after purchasing an additional 242 shares during the period. Signaturefd LLC increased its position in TC Energy by 1.6% in the 2nd quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company's stock valued at $621,000 after acquiring an additional 261 shares during the period. Prospera Financial Services Inc raised its stake in TC Energy by 4.8% during the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company's stock valued at $274,000 after acquiring an additional 262 shares in the last quarter. First Horizon Advisors Inc. boosted its position in TC Energy by 8.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company's stock worth $167,000 after acquiring an additional 264 shares during the period. Finally, Blue Trust Inc. boosted its position in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock worth $30,000 after acquiring an additional 267 shares during the period. 83.13% of the stock is currently owned by institutional investors.
NYSE:TRP opened at $46.29 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average of $47.77 and a 200-day moving average of $44.61. The firm has a market capitalization of $48.05 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 3.88 and a beta of 0.82. TC Energy has a 52 week low of $31.83 and a 52 week high of $50.37.
TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. Analysts predict that TC Energy will post 3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.822 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TC Energy's previous quarterly dividend of $0.70. TC Energy's dividend payout ratio (DPR) is 67.31%.
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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