TSE:TRP

TC Energy (TRP.TO)

95.83
+0.08 (0.08%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1335 watching
0
Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

TC Energy (TRP) is viewed by experts as a solid investment in the midstream sector, particularly due to its strong position in natural gas infrastructure and a growing project backlog valued at $8 billion. While some analysts express concern over its high valuation relative to earnings, they appreciate its stability and utility-like characteristics, which provide consistent cash flows. The company has been experiencing volatility in its stock price tied to broader market movements, but many express confidence in its long-term prospects, particularly with the anticipated growth in pipeline infrastructure across North America. Despite varying opinions on the timing for new investments, several analysts highlight the potential for steady dividend growth and the importance of natural gas as a transition energy source. Overall, TRP is perceived as a reliable investment for income-focused strategies, though caution is advised regarding its current valuation levels and market sentiment.

consensus icon
Consensus
Hold
valuation icon
Valuation
Overvalued
review icon
Similar
ENB,ENB
BUY

and Enbridge He owns this and Enbridge, and likes both. They both pay good yields; TC pays around 4.5%. Both are highly levered, though. Pipelines and utilities can maintain revenues in a slowdown. For both, what are their long-term capital plans to maintain growth. They both have buoyant plans. He'd buy both.

BUY

TRP vs. Enbridge Both are great companies, but prefers TC for paying a higher dividend (that should continue to rise), and a more stable balance sheet. ENB has a lot of debt from acquisitions. ENB's dividend is higher, but less safe. TC is a core investment.

PAST TOP PICK
(A Top Pick Nov 02/18, Up 39%) He recommended this when the markets were going down. Interest rates are falling, and high yield attracts money to utilities. There is steady growth and there will be a 10% dividend growth. Growth and income at the same time.
BUY
8 to 10% dividend growth to 2021 and 5-7% thereafter. This is a regulated utility and has the ability to increase prices. You can buy it for a defensive portfolio.
HOLD
Scarcity value of pipelines has gone way up. You want to own one or two. Good assets. Right-sized balance sheet. Big guys are your safest bet. Buy one, hold for a long time, and collect the dividend. Multiple will be higher in 5 years.
PAST TOP PICK
(A Top Pick Sep 17/18, Up 30%) When he bought this it was a defensive play. When the market sold the utility and pipeline space off, he bought. He still owns it today. It has good upward price momentum and a payout ratio of only 70%. It is highly levered, so be careful from here. He would still be a hold. Yield 4.5%
HOLD
They still have the keystone XL issue but all else is going okay. Investors are drawn to this stock for the yield and growing dividend. It is not a cheap stock anymore. People are driving it up. It is all yield-driven.
COMMENT

The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.

COMMENT
Has owned it for a long time. They've been consolidating by selling off assets, but still has about 23 billion to go in their building program. The dividend has been rising at 7-10% in line with expectation. Good yield and expected growth.
TOP PICK
One of the largest infrastructure companies in North America. You are being paid to wait for their projects to be completed. Very good value here. Yield 4.6%. (Analysts’ price target is $68.39)
HOLD
He no longer owns this. Not that it was a bad company, it was just he held a large proportion of utility holdings. It has some issues on pipelines in development. The recent US asset sell off is a good plan to help rebalance the balance sheet.
COMMENT
He has been avoiding the utilities as they get compared to the yield curve. However as the yield curve has narrowed, profitability has increased and the share price this year reflects that. Looking out 5 years, if rates go up it may hurt them.
COMMENT
This is very much a yield, interest sensitive stock. Interest sensitive stocks have been on a real ride the last while. Transcanada has participated in this ride. Need to look at portfolio to see what percentage you have in other interest sensitive names and may need to trim. Most of the good news is already baked into this name.
WEAK BUY
TC Energy vs. Enbridge. He'd own TC Energy. They'll both move the same amount. He's shy of Enbridge because their growth strategy was based on something that didn't exist, always issuing equity and hiking dividends. Doesn't like Enbridge.
COMMENT
ENB-T or TRP-T? He owns both pipelines. Today, he would favour TRP-T. He has also been watching PPL-T as well. The space has always been a good investment.
Showing 241 to 255 of 1,293 entries