Stock Traders Buy Large Volume of Put Options on TC Energy (NYSE:TRP)

TC Energy Corporation (NYSE:TRP) (TSE:TRP) saw unusually large options trading on Wednesday. Stock traders bought 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.

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

A number of equities analysts have recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of TC Energy in a report on Tuesday. Raymond James Financial upgraded shares of TC Energy to a “hold” rating in a research report on Tuesday. Citigroup restated a “neutral” rating on shares of TC Energy in a report on Thursday, November 20th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of TC Energy in a research note on Monday. Finally, Royal Bank Of Canada increased their price objective on shares of TC Energy from $84.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.50.

Institutional Investors Weigh In On TC Energy

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of TC Energy by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock valued at $2,632,200,000 after acquiring an additional 980,221 shares in the last quarter. Capital Research Global Investors grew its holdings in TC Energy by 2.5% during the 3rd quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock worth $2,282,469,000 after acquiring an additional 1,041,864 shares in the last quarter. FIL Ltd increased its position in TC Energy by 3.9% during the 4th quarter. FIL Ltd now owns 28,305,789 shares of the pipeline company’s stock valued at $1,558,669,000 after purchasing an additional 1,052,166 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of TC Energy by 5.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 20,986,748 shares of the pipeline company’s stock valued at $1,025,220,000 after purchasing an additional 1,178,190 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of TC Energy by 6.3% in the 4th quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock valued at $1,150,656,000 after purchasing an additional 1,244,525 shares in the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Trading Down 0.9%

TRP stock opened at $61.68 on Thursday. TC Energy has a 12 month low of $43.59 and a 12 month high of $63.94. The firm’s 50-day moving average is $56.65 and its 200 day moving average is $53.84. The company has a market capitalization 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 current ratio of 0.63 and a quick ratio of 0.56.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.94 billion. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. During the same period in the previous year, the company earned $1.05 EPS. On average, research analysts anticipate that TC Energy will post 2.63 EPS for the current year.

TC Energy Increases Dividend

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

TC Energy Company Profile

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.