16 hours Ago By ABMN Staff
TC Energy Co. ( NYSE:TRP – Get Free Report ) (TSE:TRP) was the recipient of some unusual options trading on Wednesday. Stock traders bought 16,157 put options on the company.
This is an increase of approximately 1,446% compared to the average volume of 1,045 put options. TC Energy Stock Performance TRP stock opened at $46.29 on Thursday.
The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.
23. TC Energy has a 1-year low of $31.83 and a 1-year high of $50.
37. The business has a 50-day moving average price of $47.77 and a 200 day moving average price of $44.
61. The company has a market capitalization of $48.05 billion, a P/E ratio of 12.
82, a PEG ratio of 3.88 and a beta of 0.82.
TC Energy ( NYSE:TRP – Get Free Report ) (TSE:TRP) last posted its quarterly earnings results 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 business had revenue of $2.
99 billion during the quarter, compared to analyst estimates of $2.83 billion. As a group, equities research analysts forecast that TC Energy will post 3 EPS for the current fiscal year.
TC Energy Increases Dividend Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc.
lifted its stake in shares of TC Energy by 58.0% during the 3rd quarter. B.
Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company’s stock worth $409,000 after purchasing an additional 3,218 shares during the last quarter. Centerstone Investors LLC lifted its position in shares of TC Energy by 3.
4% during the third quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company’s stock valued at $14,550,000 after buying an additional 10,890 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TC Energy during the third quarter valued at about $186,000.
TD Private Client Wealth LLC boosted its holdings in shares of TC Energy by 2.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 65,595 shares of the pipeline company’s stock valued at $3,122,000 after buying an additional 1,676 shares in the last quarter.
Finally, Geode Capital Management LLC grew its position in shares of TC Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock worth $225,890,000 after buying an additional 360,548 shares during the last quarter.
83.13% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on TRP.
JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th.
Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. StockNews.com began coverage on shares of TC Energy in a research note on Wednesday, December 4th.
They issued a “hold” rating on the stock. Finally, Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Two equities 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 company.
According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and an average target price of $55.67.
Read Our Latest Report on TRP TC Energy Company Profile ( Get Free Report ) 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. 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 MarketBeat.
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