TRP TC Energy Corp

Cushing Asset Management (dba NXG) increased its stake in TC Energy Corporation (NYSE:TRP) by 9.2% to 1,365,500 shares, now valued at $74.30 million, making it the 10th largest holding in their portfolio. TC Energy recently declared a quarterly dividend of $0.85 per share, representing an annualized dividend of $3.40 and a yield of 6.1%. Analysts have a "Moderate Buy" consensus rating for TC Energy with a price target of $84.00.

A natural gas leak near TC Energy's Kewaskum compressor station led to a brief evacuation of nearby homes, but the leak was contained within an hour. TC Energy was notified late Thursday night and initiated emergency response immediately. Local officials evacuated some residents out of caution, and the evacuation orders were lifted once the gas release was stopped.

Burney Co. has acquired a new position of 38,863 shares, valued at approximately $2.12 million, in TC Energy Corporation ($TRP). This adds to institutional holdings, with institutions now owning about 83.13% of the company. Additionally, TC Energy recently increased its quarterly dividend to $0.85, resulting in an annualized dividend of $3.40 and a yield of 6.1%.

TC Energy Corp. (TRP:CA) shares are showing a technical "Strong Buy" signal, indicating positive momentum and a shift out of consolidation. Analysts have a consensus "Buy" rating, viewing it as a high-quality infrastructure name with stable cash flows, projecting a 12-month price target of $79. This combination of technical and analyst sentiment suggests a favorable outlook and potential for further upside despite risks from interest rates and regulatory developments.

TC Energy Corp. (TRP:CA) is currently flashing a technical "Strong Buy" signal, indicating improved momentum and a positive trend. Analysts have a consensus "Buy" rating on the stock, viewing it as a high-quality infrastructure name with stable cash flows, with a 12-month price target of $79 suggesting it is near its fair value. The alignment of technical momentum and analyst sentiment indicates improving market perception and potential for further upside for this compelling infrastructure play.

Traders have purchased a significantly increased volume of put options on TC Energy (NYSE:TRP), indicating a rise in bearish sentiment or hedging activities. This comes as major institutional investors have adjusted their holdings in the company, and TC Energy recently announced an increase in its quarterly dividend, offering a 6.1% yield. The company's stock shows a market capitalization of $58.08 billion, with a P/E ratio of 24.05.