Investors Buy Large Volume of TC Energy Put Options (NYSE:TRP)

TC Energy Corporation (NYSE:TRP) (TSE:TRP) saw unusually large options trading activity on Wednesday. Stock investors bought 16,157 put options on the company. This is an increase of approximately 1,446% compared to the average daily volume of 1,045 put options.

TC Energy Price Performance

Shares of NYSE TRP opened at $61.68 on Thursday. TC Energy has a fifty-two week low of $43.59 and a fifty-two week high of $63.94. The company has a market cap of $64.22 billion, a PE ratio of 26.54 and a beta of 0.73. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.56 and a current ratio of 0.63. The business has a 50-day simple moving average of $56.65 and a two-hundred day simple moving average of $53.84.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm posted $1.05 EPS. As a group, equities analysts expect that TC Energy will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.8775 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, March 31st. This represents a $3.51 dividend on an annualized basis and a yield of 5.7%. TC Energy’s dividend payout ratio (DPR) is 106.90%.

TC Energy News Roundup

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Q4 results beat consensus, dividend was raised and management issued 2026 comparable EBITDA and capex guidance (C$11.6–11.8B EBITDA; C$5.5–6.0B capex), which supports fundamentals and the dividend story. TC Energy Q4 Earnings & Revenues Surpass Estimates, Dividend Raised
• Positive Sentiment: Major broker support and higher targets: Morgan Stanley nudged its target to C$93 and other brokers have set targets materially above the U.S. quote (one report cites an $84 PT), providing upside from current levels. Morgan Stanley Lifts TC Energy Target to C$93 Brokerages Set TC Energy PT at $84.00
• Positive Sentiment: Media and analysis pieces are bullish on TRP’s natural gas exposure and technical strength (relative strength rating rising to ~83), which can attract momentum and income‑seeking buyers. TC Energy: A Great Natural Gas Play Stocks to watch: RS rating jump to 83
• Neutral Sentiment: Raymond James moved its rating to “hold” (an upgrade to hold), which is a mixed message — not bearish but reduces immediate buy-side conviction. Raymond James upgrades to hold
• Negative Sentiment: Several Canadian brokers (CIBC, National Bank Financial, TD Securities) downgraded TRP to “hold” from stronger ratings (strong-buy/buy → hold). Clustered downgrades are weighing on sentiment and likely the main reason for the intraday weakness. CIBC downgrades TC Energy National Bank Financial downgrade TD Securities downgrades TRP

Analyst Upgrades and Downgrades

TRP has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of TC Energy in a research report on Wednesday, January 28th. Wells Fargo & Company reiterated an “overweight” rating on shares of TC Energy in a research note on Monday. The Goldman Sachs Group increased their price target on shares of TC Energy from $48.00 to $53.00 and gave the company a “sell” rating in a research report on Wednesday. Wall Street Zen upgraded shares of TC Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canadian Imperial Bank of Commerce lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TRP. GQG Partners LLC lifted its holdings in shares of TC Energy by 586.5% during the fourth quarter. GQG Partners LLC now owns 16,154,469 shares of the pipeline company’s stock worth $890,711,000 after purchasing an additional 13,801,371 shares during the period. Norges Bank purchased a new position in TC Energy during the 4th quarter worth approximately $583,732,000. Deutsche Bank AG lifted its stake in TC Energy by 63.2% during the 4th quarter. Deutsche Bank AG now owns 15,384,255 shares of the pipeline company’s stock valued at $846,288,000 after acquiring an additional 5,956,263 shares during the period. American Century Companies Inc. lifted its stake in TC Energy by 514.5% during the 3rd quarter. American Century Companies Inc. now owns 6,491,799 shares of the pipeline company’s stock valued at $352,976,000 after acquiring an additional 5,435,310 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of TC Energy by 2,573.3% in the second quarter. Public Sector Pension Investment Board now owns 2,680,572 shares of the pipeline company’s stock worth $130,600,000 after acquiring an additional 2,580,300 shares during the period. 83.13% of the stock is owned by institutional investors and hedge funds.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.