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TSE:TRP
TC Energy (TRP.TO)
85.91
-1.25 (1.43%)
as of Aug 27, 2026, 8:00:00 pm Market Open.
1335 watching
Financials 
Technical Analysis 0
Investor Insights
Aug 27, 2026, 12:00 amThis summary was created by AI, based on 24 opinions in the last 12 months.
TC Energy (TRP) has garnered mixed reviews from various experts, highlighting both its stable dividend yield and the concerns over its valuation and debt levels. Many analysts suggest a wait-and-see approach, indicating that the stock may be overvalued given its high P/E ratio and limited growth prospects. Notably, with a current yield of around 4% and a solid dividend history, it appeals to conservative investors seeking income. However, experts advise caution due to potential risks in the pipeline sector and general market volatility. The consensus leans towards holding the stock in anticipation of a pullback, while some emphasize its importance as a stable income-generating asset in a diversified portfolio.
Consensus
Hold
Valuation
Overvalued
Similar
ENB,ENU
BUY
Interest rate hikes have prevented this from returning to pre-Covid highs. Has been under pressure in recent months because of their oil spill and overruns on the Coastal Gaslink, but these are short term. Because there is a finite number of pipelines, this makes TRP a buy. It has been unfairly published and prospects look good.
oilgas pipelines
WEAK BUY
WEAK BUY
Investor Day didn't deliver. Higher costs. Dividend growth going to be less robust, but not at risk. Rising interest rates have hurt bond-proxy stocks. Don't want to be in this if you expect markets to improve. Good for dividend seekers, but not at the top of his list for a 2023 recovery. Yield is 6.8%, attractive.
oilgas pipelines
PARTIAL BUY
Cheap at 9.8x 2024 free cash yield, but only a 3% 2022-24 growth rate. Pays a 7% dividend. Not bad considering the overall market. He likes the stock price down here. Sell some puts and try to buy at even lower levels. Or you can start buying now and more in coming months, and you will be fine.
oilgas pipelines
BUY
Good space with great assets and long term service agreements.
3rd choice amongst Enbridge and Pembina.
Owns shares, but not too many.
Affected by recent energy selloff.
Yielding above 6% (believes dividend is safe).
Christine PooleOwned
oilgas pipelines
TOP PICK
Recent rise of share price is less desirable for investors today (want to buy low), but still believes a good time to buy.
Large distribution network across North America.
Attractive dividend that is a good long term investment.
Rising energy prices good for the company.
Ryan BushellOwned
oilgas pipelines
Unspecified
A great business along with Enbridge and others. Dividend is safe and grows year after year. Has a big project in Mexico so there has been overhanging fear of a large equity issue. It did have an equity issue months ago but says it will not use equity again for any more funding if needed.
oilgas pipelines
BUY
Defensive against a recession? We're probably already in a recession, as the telling numbers lag a bit. Perfect type of stock you want to own through this. Good, stable business with critical infrastructure assets. Avoided by ESG investors, but a good buying opportunity for the rest of the community.
oilgas pipelines
TOP PICK
He recently re-entered this. Its valuation is incredible and it pays a 6.5% dividend which is sustainable. Strong balance sheet. It's good value for the next 12 months. He started buying this. Recession fears are a risk though. (Analysts’ price target is $69.08)
Andrew PyleOwned
oilgas pipelines
TOP PICK
Pipelines are a good place to be in this tough market. Nat gas tailwinds. Really defensive. New purchase will be accretive in time. Lots of projects for growth. Trades at an undemanding 15x. Yield is 5.63%, with 4% dividend growth. (Analysts’ price target is $69.44)
Greg NewmanOwned
oilgas pipelines
PAST TOP PICK
(A Top Pick Aug 26/21, Up 12%) His return would have been higher had TRP not come to the market for equity recently, but that was done to finance pipelines in Mexico and BC. Opportunities for this company are strong. Natural gas in Canada is becoming more export-oriented, and TC is the only company in North American that can ship it given their pipeline system. He's been buying it.
Ryan BushellOwned
oilgas pipelines
TOP PICK
Well positioned in nat gas, power generation, energy. Fairly solid history of annual dividend increases. Pretty strong balance sheet. Issued shares to further strengthen balance sheet. Yield is 5.56%. (Analysts’ price target is $70.08)
Michael SprungOwned
oilgas pipelines
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