TSE:KEY

Keyera Corp (KEY.TO)

57.53
+0.25 (0.44%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 12 opinions in the last 12 months.

Keyera Corp (KEY-T) has garnered a mixed yet largely positive outlook from various analysts. Many experts appreciate the company's stable cash flows and growth potential, particularly in light of its recent performance and the Plains acquisition, which is seen as a strong catalyst. However, there are concerns about a government probe related to the acquisition and the company's exposure to fluctuations in oil prices, which could impact its market value. While some view Keyera as an appealing investment opportunity in the energy infrastructure sector, particularly with its dividend yield over 5%, questions about its long-term viability and competition from peers like Enbridge and Pembina have been raised. Overall, experts recognize the company's growth trajectory but urge caution given the current market landscape.

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Consensus
Positive
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Valuation
Fair Value
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Similar
ENB,ENB
BUY

Not buying for growth clients, but more for a balanced and income-focused portfolio. All the pipelines are down, but he still expects them to raise dividends going forward.

BUY

His preference in the space, with its new KAPS program. See his Top Picks.

WEAK BUY

The dividend is safe. What makes KEY different from the pipeline stocks is that KEY carries some commodity risk; they're a little tied to the price of the commodity they transports. The PE has declined and it pays a decent dividend.

PAST TOP PICK
(A Top Pick Mar 06/23, Down 1%)

The market's precarious, so he's just looking for stocks that pay a dividend. It's a sideways chart. His stop point is a line in the sand, so if it starts to break down, he'll be out. Buy near the bottom of the channel and you'll be OK. Yield is 6.3%.

BUY

He's very positive about LNG Canada, not because gas prices will shoot to the moon, but due to gas volumes, if they ever or when they finish the Coastal Gaslink. After a decade or more, Canada is finally selling nat gas abroad. Finally. Really likes Keyera. Infrastructure in western Canada is underpriced considering opportunities in the coming years.

BUY

One of the better stocks in the energy space. Relative strength is really accelerating. Energy's a big part of the TSX, so you always want to own some. Doesn't mind adding exposure, has the defensive dividend. 

TOP PICK

Excellent long term business prospects with legacy assets.
Building pattern happening in technical analysis. 
Good for the short term with strong dividends.

BUY

Great company with excellent assets.
Key infrastructure that is very hard to replicate.
Perfect company for the long term shareholder.
Cheap share price with ~6% yield.
P/E ratio at 14.

BUY
Dividend safe, should increase. One of the better managed companies in Canada. He's long admired it. Can hold for the long term, not as expensive as it was. Attractive at these levels. Yield is 6.6%.
BUY
Raise dividend next 2-3 quarters? Big dividend already. Modelling dividend growth around 7%. Good payout ratio, reasonable balance sheet, very good value here. Don't buy just as a bet on a dividend raise. Recession-resilient, nat gas tailwinds. Despite everything, will probably see dividend growth. Competitive yield among energy infrastructure plays. Catalysts for growth.
STRONG BUY
Market's uncertain of the outlook for its pipeline. On time? On budget? Excellent asset base. Outlook for nat gas is very supportive. Boost to the balance sheet. Possible takeover target. 10.1x free cashflow yield, nice free cashflow per share growth. Likes it a lot, paid nicely to wait. You can buy today.
WEAK BUY
He likes that they deal in energy infrastructure in the west. He prefers another name in this sector, but there's nothing wrong with KEY. It has a decent chance of being acquired. There's a lot of consolidation in this space.
BUY
Sell oil stocks to buy pipelines? The good thing about midstream companies is that they're not as effected by the price of oil and gas moving up and down, so they're much volatile. He's holding KEY long-term. They process natural gas. KEY has some commodity exposure to nat gas, but not much. They pay a growing dividend. They have a major project underway, but these costs have risen with inflation. Good managers.
TOP PICK
Key Access Pipeline will go OK. Marketing division has been on fire. Good balance sheet. Trades at reasonable 16.7x PE, with free cashflow per share growth profile of 11%. Likes the dividend and security of growth profile. Yield is 6%. (Analysts’ price target is $35.93)
TOP PICK
6% dividend that is consistent and safe presenting opportunity for investors. Recent pipeline construction scheduled for completion on time. Strong financial metrics with reasonable trading multiple.
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