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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
0
Investor Insights
star iconAug 27, 2026, 12:00 am

This 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.

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Consensus
Hold
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Valuation
Overvalued
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ENB,ENU
WEAK BUY
TRP vs. ENB vs. PPL No quarrel with an investment in this. Mid-stream assets are strategic, critical, long-life, and attract high valuations. His preference would be ENB or PPL, on valuation and business mix.
COMMENT
Owns company in TFSA. Company moving towards natural gas in pipelines. Stock struggling because pipeline to USA blocked (Keystone). Will grow dividend at ~5%. Not huge expectations on stock price movements.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 02/21, Up 6.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TRP is progressing well. We now recommend trailing up the stop (from $47) to $54.
BUY
Selloff in mid-streams favours owning them over a producer like CVE. Producers are more commodity exposed, with risks of labour cost inflation and supply chain shortages. He prefers names like ENB, PPL, and TRP with their healthy dividends and less volatility.
BUY
He has a bias towards Canadian mid-streams right now. ENB and TRP have sold off materially. With Keystone behind TRP, it can focus on the growth ahead. Pipelines are impossible to build now. Existing value will continue to creep up.
PAST TOP PICK
(A Top Pick Nov 04/20, Up 22%) Definitely would buy it again. The stock was on a nice trend until they adjusted down their dividend growth. The market took it negatively, but he notes that the dividend is nearly 6% and it's grown 7.5% annually for the last 10 years, doubled the dividend in the last 10 years. He's happy with TC, and their positioning in LNG.
HOLD
Fine as an income stock. She owns ENB and PPL instead. Difficult to build new pipeline infrastructure. Has lagged, perhaps because the others have more crude oil.
BUY
He prefers this over ENB-T because the future for Nat Gas is brighter than oil.
DON'T BUY
US government stopped its line. Overhang of negativity. Upside potential is 25-26% from here. What's the fundamental underlying trend of book value? With TRP, it's been up and flattening. No overwhelming urge to get in. Trading right up at one of its resistance targets of $67.50. Be very careful. If it busts out, look for $84-85, but no evidence of that happening. Nice yield of 5.2% is not enough to entice him.
BUY
He owns this and ENB. You need to own stocks with secure dividends and contracted revenues, namely capital projects that'll raise cash flow over time. You get a bit more of a yield premium with ENB vs. TRP, but he likes both. Solid assets.
TOP PICK
Hasn't performed well. Keystone XL is in the past, and the company is more stable without it. Best nat gas transmission assets in NA, and nat gas demand is steadily increasing. Nat gas will be a necessary offset to increasing renewables, for times when renewables don't generate. Utility-like, well set up for future, good capital project growth. Good value below $60. Yield is 5.88%. (Analysts’ price target is $69.02)
DON'T BUY
He hasn't looked at this for a while. As a sector, these aren't the same dividend stocks of years ago. The pipeline business is like squeezing orange juice from the peels. It's not a growth business; we're not moving more oil through pipelines. They grow by buying other companies.
WEAK BUY

TRP vs. ENB vs. PPL Likes it. Trading below pre-Covid highs, as it's viewed as more defensive. Keystone XL announcement was initially negative, but a relief going forward. Not starved for growth. Lots of capex in development. Market will continue to rerate the stock. He prefers ENB, as its valuation is still at a modest discount, Line 5 is mostly resolved. TRP, PPL, and ENB are all high quality companies that you can't go wrong owning. But ENB is his pick of the three.

PAST TOP PICK
(A Top Pick Jun 05/20, Up 6%) Surprising that is was flat. Has come down to the $50s a few times to come back. The environment for natural gas has been positive. Cancellation of the Keystone pipeline is a red herring. Many good things going for the company. Key positions in his portfolios.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues fell short of estimates by 8% but EPS was 4% better at $1.16. Outlook is good despite losing Keystone. Comfortable buying at 14x earnings. Unlock Premium - Try 5i Free

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