TSE:TRP

TC Energy (TRP.TO)

98.83
-0.77 (0.77%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1333 watching
0
Investor Insights
star iconJun 27, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

TC Energy (TRP) continues to be a focal point for investors, garnering mixed opinions regarding its current valuation and growth potential. While many experts appreciate the company's strong position in natural gas infrastructure and its long-term project backlog, they express concerns over its high valuation, trading at around 23x PE with modest growth expectations of only 6%. Some analysts highlight the company's stability and solid dividend as attractive features, particularly in a low-interest-rate environment. However, several experts suggest waiting for a better entry point due to the stock being perceived as overvalued at present. Overall, while TC Energy is recognized for its critical infrastructure role in the energy sector, caution is advised given its premium pricing relative to growth prospects.

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Consensus
Hold
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Valuation
Overvalued
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Similar
ENB,ENB
BUY
Liked it for a while. A core stock in his portfolio for some time. It had a set back, fell to support. Would be awfully nice to have keystone go through but if not, it’s ok.
TOP PICK
Keystone pipeline will get done. Project has as much of a green light as it’s going to get. There will be more opposition. Will be hugely accretive over the next few years.
BUY
Had sold his holdings but is now looking at it again. Has a very nice yield at 4.5% and is pretty stable. Keystone has to go ahead but the fundamentals are pretty solid.
HOLD
2 things he worries about. Shifting where natural gas is being found in North America means they are having significant trouble filling their main gas line from Alberta. They have a big natural gas plant in New York and have recently been hit with what they feel are very unfair rate issues. Feels the Keystone project will get green lighted.
TOP PICK
Badly underperformed similar companies because of the uncertainty of the Keystone pipeline. There has also been an issue with this main gas line in Canada because of poor demand of natural gas. A very political issue in the US but he thinks it will get approval.
COMMENT
Slow growth. Analysts recommend it because it is a safe investment and pays a decent dividend. Trading at a mid--teens multiple of earnings, which is rich in this market.
SELL
Not one he has looked at in dept. Has largest distribution in Canada. 18$ multiples – historic multiples. Plateaued since 2005. Look at it for the dividend yield. Downside risk short term. It is a yield name, not growth.
BUY
Keystone XL pipeline decision in November. He thinks it will get resolved in TRP’s favour. It’s a huge job creation project (125k jobs). Add on pull backs.
BUY
If they don’t get permits for XL pipeline it will not hurt the stock very much because they are very long term projects. If they do get them, it could be a good boost, though.
COMMENT
Preferreds. Credit quality: They are good – it is quite regulated. It is more about the preferred share type. They have rate resets and perpetual. Perpetuals yield more but are more volatile.
BUY ON WEAKNESS
Good company but just sold his holdings because he felt it was fully valued at $43. If it pulls back into the high $30's, he might reenter. Important to take your gains in markets like this. Alternatively, you could sell part of your position to lock in your profit.
PAST TOP PICK
(A Top Pick June 3/10. Up 20.92%.) A great stock for income seekers. Tremendous record of raising its dividends. Believes the Keystone pipeline into the US will be approved.
BUY
Has moved up more than ENB lately.
PAST TOP PICK
(Top Pick May 28/10, Up 27%) Declining volumes on the main line are already in the stock price. They also generate power. Good time to buy more.
COMMENT
Has been coming on like gang busters and unfortunately hit a new high today so you are a little bit late but for a longer term basis you cold buy here. Keystone project seems to be making more progress in the US. Have some holdups relating to environment, etc but thinks it will go through. #.89% yield.
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