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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
WEAK BUY
BUY
BUY
Are TRP, Enbridge and Pembina bond proxies? They're safer than the energy market, due to lower volatility. These will react to interest rates more than pure oil companies. The three all have highly contracted earnings that are guaranteed over the years. These are relatively safe stocks but keep in mind they will be sensitive to interest rates. He would continue to own them in the face of rising interest rates.
Michael SprungOwned
oilgas pipelines
BUY ON WEAKNESS
Growth started to stall in 2018. It has been trading in a range between $50-$70 for the last 3 years. A compelling total return play before but it is now an income play. It is yielding around 6.1%. A good company with critical infrastructure in natural gas and oil. Keystone XL cancellation is negative but it is probably priced in. Dividend is safe. Buy in the lower end of the trading range, like right now, for income.
oilgas pipelines
BUY
Think about it in terms of natural gas. With electrification, he doesn't see a drop in demand for nat gas, so they should be able to continue unabated without Keystone. Still planning to spend. An OK pick for income. Has some renewables. Worth buying right now. Bond substitute, given low interest rates. Yield is about 6%.
oilgas pipelines
WEAK BUY
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly TRP operates a massive energy infrastructure system of pipelines, storage facilities and power generation throughout North America, including Mexico. It's Keystone XL project has become a political football, as newly elected President Biden signed an executive order denying a permit on his first day -- countering the permit granted by the previous Trump Administration. The company still makes money and pays a good dividend. We would buy this with a stop-loss at $47, looking to achieve $70 -- upside over 26%. Yield 5.85% (Analysts’ price target is $68.60)
oilgas pipelines
BUY
Feels very good about it. Due for a dividend increase. Has bounced off the $52 level three times. Still near March lows, but with strong fundamentals. Nat gas prices in NA and offshore are doing quite well. Keystone XL risk is a red herring, as Alberta government has removed the risk. Actively adding. Yield is 6%.
Ryan BushellOwned
oilgas pipelines
HOLD
Canadian pipelines have been under huge pressure; low energy prices don't help. The dividend is safe and will even grow. Higher interests will be negative, though. These stocks have enjoyed very low rates in recent years. Definitely hold onto it.
Lorne SteinbergOwned
oilgas pipelines
BUY
It had major pull backs in 2015 and 2018 because of rising rates but we don’t have these rising rates this year. There is a debate as to whether the future of Nat Gas is at risk but some forecast that consumption in the US will go up 40% in the next few years. It's a buying opportunity. You could get a 5% dividend and 3% growth.
oilgas pipelines
HOLD
Not a great performer this year, though a nice dividend. Boring, low-growth is out of favour. But the reason you want to own it, is that it doesn't go up and down like a pogo stick. Over 10 years, dividend will go up, as well as the price. Acts as a stabilizer and compounds over time.
oilgas pipelines
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The cancellation of Keystone XL benefits TRP because it gets them to focus on their other growth opportunities worth over $20 billion which are less risky. He prefers ENB given lower valuation plus their higher dividend yield. ENB is the best large-cap midstream in Canada and excess cash flow may lead to share buybacks. Both have strong balance sheets and can grow dividends.