TC Energy Co. (NYSE:TRP – Get Free Report) (TSE:TRP) saw some unusual options trading activity on Wednesday. Stock traders acquired 16,157 put options on the company. This represents an increase of approximately 1,446% compared to the typical daily volume of 1,045 put options.
TC Energy Trading Up 0.3 %
TRP stock opened at $40.05 on Thursday. The firm has a fifty day moving average price of $39.15 and a 200 day moving average price of $37.31. TC Energy has a fifty-two week low of $32.51 and a fifty-two week high of $42.76. The firm has a market cap of $40.05 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.33 and a beta of 0.75. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96.
TC Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.714 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.67. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date of this dividend is Wednesday, March 27th. TC Energy’s dividend payout ratio (DPR) is presently 138.42%.
Institutional Trading of TC Energy
Wall Street Analyst Weigh In
TRP has been the subject of a number of analyst reports. Stifel Nicolaus began coverage on TC Energy in a research note on Thursday, January 18th. They issued a “buy” rating for the company. Barclays lifted their target price on TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Jefferies Financial Group started coverage on TC Energy in a research note on Tuesday, February 27th. They issued a “hold” rating for the company. TheStreet upgraded shares of TC Energy from a “d+” rating to a “c+” rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group upped their target price on shares of TC Energy from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, TC Energy has an average rating of “Hold” and an average target price of $48.83.
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 93,700 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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