Core Viewpoint - TC Energy Corporation has experienced significant changes in options trading and institutional investments, alongside a recent earnings report and dividend increase, indicating a dynamic market environment for the company [2][3][4]. Group 1: Options Trading and Institutional Investments - On Wednesday, TC Energy saw unusual options trading with 16,157 put options purchased, marking an increase of approximately 1,446% compared to the average volume of 1,045 put options [2]. - Goldman Sachs Group Inc. raised its holdings in TC Energy by 2,565.1% in Q1, now owning 16,306,187 shares valued at $769.82 million after acquiring an additional 15,694,336 shares [2]. - Norges Bank acquired a new position in TC Energy valued at $493.43 million in Q2 [2]. - American Century Companies Inc. boosted its position by 514.5% in Q3, now holding 6,491,799 shares worth $352.98 million after acquiring an additional 5,435,310 shares [2]. - Canada Pension Plan Investment Board increased its holdings by 34.2% in Q1, now owning 19,808,558 shares valued at $935.63 million [2]. - Public Sector Pension Investment Board raised its position by 2,573.3% in Q2, now owning 2,680,572 shares worth $130.60 million [2]. - Institutional investors currently own 83.13% of TC Energy's stock [2]. Group 2: Financial Performance - TC Energy reported earnings of $0.56 per share for the quarter, meeting consensus estimates, with revenue of $1.86 billion, below analysts' expectations of $2.63 billion [3]. - The company had a net margin of 23.86% and a return on equity of 10.61% [3]. - The previous year's earnings per share for the same quarter were $1.03 [3]. Group 3: Dividend Information - TC Energy declared a quarterly dividend of $0.85, an increase from the previous $0.61, representing an annualized dividend of $3.40 and a dividend yield of 6.1% [4]. - The payout ratio is currently at 106.47% [4]. Group 4: Analyst Ratings and Forecasts - Wall Street analysts have varied opinions on TC Energy, with ratings ranging from "sell" to "strong-buy" [5]. - The stock has a consensus rating of "Moderate Buy" and a price target of $84.00 according to MarketBeat.com [5].

Core Insights - Energy Transfer LP (ET) is strategically positioned to meet the increasing demand for natural gas in the U.S. through its extensive network of storage facilities, providing flexibility and reliability to manage seasonal shifts and peak usage requirements [1] Storage Capacity Expansion - ET is expanding its Bethel storage facility, which will more than double its working gas storage capacity to over 12 billion cubic feet (Bcf), enhancing its pipeline operations and supporting long-term commercial contracts [2][9] - The company’s intrastate storage assets in Texas connect directly to key production basins like the Permian and Eagle Ford, generating storage fee income and allowing for price optimization [3][9] Interstate Storage Integration - ET's interstate storage facilities integrate with pipelines that deliver natural gas to high-demand markets in the Midwest and Gulf Coast, becoming increasingly vital as LNG exports and industrial demand grow [4][9] Earnings Stability and Growth - ET's storage capabilities reinforce its role as a critical balancing force in U.S. natural gas flows, supporting long-term earnings stability and growth [5] - The Zacks Consensus Estimate indicates a year-over-year increase in ET's earnings per unit of 9.38% for 2025 and 10.71% for 2026 [11] Price Performance and Valuation - ET's units have risen 10.1% over the past year, outperforming the Zacks Oil and Gas - Production Pipeline - MLB industry's growth of 2.6% [8] - ET's current trailing 12-month Enterprise Value/Earnings before Interest, Tax, Depreciation and Amortization (EV/EBITDA) is 9.26X, compared to the industry average of 10.65X, indicating that the firm is undervalued relative to its peers [13]