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
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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
COMMENT
Keystone project will get done. US government has said they need a more secure supply and need the oil sands to replace the supply from Mexico. Has just started to move and has a decent yield.
COMMENT
Great dividend paying company and long term good cash flow. Trading at about 17X forward PE, which is near a 2 year high. This and similar companies have done very well over the last several years because of falling interest rates. Once they start to move up, it may not look as attractive.
COMMENT
Switch from this to NAL Energy (NAE-T)? Depends on your risk profile as TransCanada is a lower risk name. NAL's fortunes are still connected to commodity prices and TransCanada less so. Big issue with TransCanada now is the mainline tolls. Currently it's $1.89, which the producers feel it's too high..
SELL
He is trimming it here and not buying for new clients. He doesn’t want to pay 20x earnings. If we see higher inflation, they will slow because they are regulated. We are beginning to realize that the keystone pipeline is going to happen and this is causing price pops.
PAST TOP PICK
(A Top Pick May 26/10. Up 22.56%.)
BUY ON WEAKNESS
Uses this as an income stock. Stable. The difficulty is whether the Keystone project is going to go through or not. This decision will be made in the near future. Doesn’t expect the stock will collapse if it doesn’t go through. Extended a bit right now and if it went through $40-$41, he might trim a little bit. Wait for pull backs to the mid $30’s.
PAST TOP PICK
(Top Pick Apr 16/10, Up 12.12%) Core holding for him. Trades around the name. Headwinds are largely in the rear view mirror. Thinks keystone pipeline will ultimately get built.
BUY
How are they going to finance the Keystone pipeline? Will there be a dilution of shares? This company has been noted for diluting shares when they need cash. There is hope that this won’t happen as much as it has in the past. With over 4% yield and the prospect of Keystone actually happening, looks attractive. Prefers Enbridge (ENB-T).
BUY
Lower yield but has some good growth prospects ahead of it.
PAST TOP PICK
(A Top Pick March 31/10. Up 10.53%.) Still a Buy.
DON'T BUY
Having some political issues getting across Texas to Houston (for refining) passed. Stock is a little expensive. Pays a decent dividend but he doesn’t see a lot of growth particularly when you are paying 15%-16% times earnings.
TOP PICK
(A Top Pick April 6/10. Up 8.94%.) Lagged because of 1) slowdown in the economy and industry and pipeline isn’t full. 2) Uncertainty whether Keystone pipeline to take oil sands oil down to the Gulf would be built. Believes there is a 95% certainty that Keystone will be built. 4% + dividend. Has huge catch up to the other stocks.
BUY
Environmental protection in the US has been overhanging the Keystone pipeline project for a long time. A more interesting issue is the negotiation of their toll rates on the products in the pipeline. Won’t rocket in any one direction but you’ll at least collect the 4.5% dividend.
PAST TOP PICK
(A Top Pick Dec 18/09. Up 14.81%.)
BUY
A core holding for him. Likes pipelines and the fact they are regulated. Keystone pipeline diluted shareholder value but he expects the payout to rise 10% per year over the next few years.
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