Stock Traders Buy High 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 1,446% compared to the average daily volume of 1,045 put options.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cibc World Mkts downgraded shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Cibc Captl Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada raised their target price on shares of TC Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BMO Capital Markets upgraded shares of TC Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TC Energy in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC purchased a new position in shares of TC Energy in the 3rd quarter worth approximately $1,391,000. Norges Bank bought a new stake in TC Energy in the second quarter worth $493,434,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in TC Energy by 9.2% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,365,500 shares of the pipeline company’s stock worth $74,297,000 after buying an additional 115,000 shares during the last quarter. Ausbil Investment Management Ltd boosted its stake in TC Energy by 33.2% during the third quarter. Ausbil Investment Management Ltd now owns 100,519 shares of the pipeline company’s stock worth $5,415,000 after buying an additional 25,026 shares during the period. Finally, Invesco Ltd. increased its position in TC Energy by 1.0% during the second quarter. Invesco Ltd. now owns 3,553,105 shares of the pipeline company’s stock valued at $173,356,000 after acquiring an additional 34,043 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors.

TC Energy Trading Up 1.0%

Shares of TC Energy stock opened at $59.87 on Friday. TC Energy has a 1-year low of $43.59 and a 1-year high of $60.18. The company’s fifty day simple moving average is $55.34 and its 200-day simple moving average is $52.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.63 and a quick ratio of 0.56. The stock has a market capitalization of $62.32 billion, a PE ratio of 25.81 and a beta of 0.73.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, November 6th. The pipeline company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $2.63 billion. TC Energy had a return on equity of 10.61% and a net margin of 23.86%.During the same period last year, the firm earned $1.03 EPS. As a group, equities analysts anticipate that TC Energy will post 2.63 earnings per share for the current year.

Trending Headlines about TC Energy

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

• Positive Sentiment: US Capital Advisors raised several 2026–2027 EPS forecasts (small bumps to Q1, Q3 and Q4 2026 and a lift to FY2027), which supports a slightly improved earnings trajectory and likely helped buying interest. US Capital Advisors Estimates TC Energy FY2026 Earnings
• Neutral Sentiment: The revisions are modest and mixed — US Capital Advisors also trimmed FY2025 and Q4 2025 estimates while leaving the consensus full-year at about $2.63, so the fundamental change is incremental rather than transformational for TRP’s valuation.
• Negative Sentiment: Unusually large put-option buying — roughly 16,157 puts traded (about a 1,446% increase vs. normal daily put volume) — signals notable short-term bearish bets that can increase downward pressure or volatility in the stock. Investors Buy Large Volume of Put Options on TC Energy (NYSE:TRP)

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.