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TSE:TRP
TC Energy (TRP.TO)
86.02
+0.11 (0.13%)
as of Aug 28, 2026, 8:00:00 pm Market Open.
1335 watching
Financials 
Technical Analysis 0
Investor Insights
Aug 28, 2026, 12:00 amThis summary was created by AI, based on 24 opinions in the last 12 months.
TC Energy, represented by the stock symbol TRP-T, faces mixed sentiment among experts. While some view it as a stable and reliable option for income-focused investors due to its solid dividend yield and contracted cash flows, others express concern about its high valuation and substantial debt levels. The stock's performance has been influenced by macroeconomic factors such as interest rates and changes in natural gas prices. Many analysts suggest waiting for a potential pullback to take advantage of lower prices before entering the stock. Overall, TC Energy can be seen as a conservative investment choice for those seeking consistent returns, although growth opportunities may be limited in the near term.
Consensus
Hold
Valuation
Overvalued
Similar
ENB
BUY
BUY
Likes its outlook. Has basically gone sideways for the last year because of worries about 1) their volume through the main line, 2) Keystone Excel pipeline and 3) about the Bruce Nuclear so it is a wall of worry stock. Starting to act a lot better even though it just reported somewhat disappointing earnings.
Norman LevineOwned
oilgas pipelines
PAST TOP PICK
(A Top Pick July 27/11. Up 17.3%.) Still likes. A lot of the uncertainty will be gone in the next 6 months. Also will probably be increasing its dividend on a regular basis. 3.94% dividend yield.
Norman LevineOwned
oilgas pipelines
HOLD
There has been a fair amount of sideways motion but from June to June, the TSX was down about 10.25% so this stock has been an out performer. Keystone postponement hurt them on a short-term basis but feels Obama and Romney are both on that line. Has some good news on the horizon.
David CockfieldOwned
oilgas pipelines
BUY
A good, stable, cash flowing security. We need more pipelines and they have a good set of growth prospects.
Jeff YoungOwned
oilgas pipelines
BUY
One of those great Canadian companies that over time does the major job of being an infrastructure play. Moves oil/gas from production areas to consumption areas. Reasonably insulated. Has a capital cost advantage. You can own it for the current yield as well as future growth down the road. Dividend of over 4%. Stock could climb as much as 7% in the next year.
Lyle SteinOwned
oilgas pipelines
COMMENT
Nice dividend and decent growth. Not just a pipeline but also in the electricity business among other things. Stock has been treading water awaiting a decision on the Keystone Excel pipeline and this is not going to happen until after the US election. He believes it will go through. Even if it doesn't, this is still a good company. Another problem is their main natural gas pipeline, which has not been running at full capacity.
Norman LevineOwned
oilgas pipelines
DON'T BUY
Some of their pipelines include natural gas, and there is a glut so demand has not been there. Has impacted earnings but earnings are still growing. Keystone will probably get built sooner, rather than later. Trading at 18-19 times earnings, which is too high. The only reason to own the stock is if you are looking for dividends. Prefers Canadian Utilities (CU-T).
Barry SchwartzOwned
oilgas pipelines
HOLD
Over the last year they have gone sideways while market went down 10-11%, so that is good. Disappointed with what happened with keystone, but that appears to have resolved itself. Thinks it will go through. It will take a year to benefit from this so would not be surprised if TRP goes sideways for another year but you have the yield in the meantime.
oilgas pipelines
DON'T BUY
Have never felt comfortable paying the multiples that this trades at. Doesn't really have a lot of potential growth ahead of it. Keystone will still happen but this is still a regulated utility limits on how fast they can grow. Trading at 15-16 times earnings. He prefers something with good growth potential to it.
Don LatoNo
oilgas pipelines
COMMENT
Enbridge (ENB-T) or TransCanada (TRP-T)? On a short-term basis, both of them are pretty expensive. He would wait for opportunities to pick them up in a correction. They are both trading at PE’s that are above the market. Just pick the cheapest one at the time. Both have great long-term prospects.
oilgas pipelines
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This has had 2 things going for it. It is an infrastructure play and a yield play. Yield is just about 4%. Chart indicates it is still in an uptrend.