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

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday. Finally, TD Securities assumed coverage on TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus target price of $56.00.

TC Energy Trading Down 0.3 %

Shares of TRP stock opened at $46.98 on Friday. TC Energy has a 1 year low of $31.83 and a 1 year high of $50.37. The company’s fifty day simple moving average is $46.85 and its two-hundred day simple moving average is $46.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The stock has a market capitalization of $48.81 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 4.31 and a beta of 0.81.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. As a group, analysts anticipate that TC Energy will post 2.95 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in shares of TC Energy by 33.8% during the fourth quarter. Lindbrook Capital LLC now owns 38,163 shares of the pipeline company’s stock valued at $1,776,000 after buying an additional 9,632 shares during the period. Raymond James Financial Inc. purchased a new position in TC Energy during the fourth quarter valued at approximately $75,464,000. Vision Financial Markets LLC bought a new stake in shares of TC Energy in the 4th quarter valued at about $133,000. Aigen Investment Management LP purchased a new stake in TC Energy during the fourth quarter valued at approximately $240,000. Finally, Assetmark Inc. increased its position in shares of TC Energy by 10.6% during the fourth quarter. Assetmark Inc. now owns 98,863 shares of the pipeline company’s stock worth $4,600,000 after purchasing an additional 9,500 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

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.