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-T) has garnered mixed opinions from various analysts, mostly focusing on its solid pipeline infrastructure and stable dividend. Experts appreciate its strong project backlog and the appeal in the natural gas sector. However, concerns are raised about its high valuation, with a price-to-earnings ratio around 23x, suggesting it may be overvalued given its modest growth projections. Some analysts recommend trimming positions or waiting for a better entry point, while others see it as a reliable long-term hold. Overall, the sentiment indicates a cautious optimism about its future growth potential, primarily bolstered by natural gas demand despite current high valuations.

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Consensus
Hold
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Valuation
Overvalued
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Similar
ENB,ENB
WEAK BUY
Go-to name. With the dilution in the stock due to cap-x spending behind them, they are generating a lot of free cash flow. Could be a dividend increase in the near term. Only issue he has is the toll increase the have been talking about. He needs clarification.
BUY
Big blue chip utility. Primarily pipeline and power. Pipeline is about 70% of their EBITDA. Analysts think they can grow dividends over the next couple of years as they have growth projects coming on. Bought some power assets in New York state, which some analysts feel will start to perform a bit better. If you have a longer-term outlook, this would be a good one to own. 4% yield.
PAST TOP PICK
(Top Pick Mar 5/10, Up 12.47%) Had a hiccup when there was negative press. The next leg up is the Keystone XL pipeline down to the Gulf.
BUY
Just raised the dividend 5%, which shows they are confidant about earnings. Big issue will be what happens to Keystone. Waiting for approval, probably mid to late 2011. Very political. Likes the company.
COMMENT
Transcanada (TRP-T) or Enbridge (ENB-T)? He would prefer Enbridge as he feels it is a better managed company. Investors have not been diluted as much along the way with new issues but you do pay a premium for it, which is reflected in the yield. Transcanada is engaged in conversations on one of their pipelines so this is a bit of a question mark.
WEAK BUY
Exposed to natural gas prices. They are spending of the next 5 years on various projects. They can’t adjust prices for inflation easily.
TOP PICK
This company has hardly done anything because of the great uncertainty of the Keystone project, the great growth engine. US environmentalists hate it, which has pushed it back as to when it is going to be built and created some uncertainty. He has just doubled his holdings. 95% chance that Keystone will come through, especially with the middle east problems. Extremely cheap and a good dividend yield.
BUY
A utility with a good yield. Was a little concerned. Making good headway with their pipes into the US. If anything has helped them recently it would be the events in Libya. Should help on the adverse publicity on the oil sands.
HOLD
Dominate gas pipeline company in Canada. Good candidate as a long-term hold. Also building a pipeline into the US that could have a strategic advantage over the other pipelines. Quite stable. If you are a dividend player, you should probably hold.
DON'T BUY
Fine company. Expensive given low growth profile. Keystone issue is overhanging it. If you are looking for dividend, it is pretty good, but prefers IPL for pipeline dividend.
WATCH
Struggling a little to get the Keystone project approved. Project represents some of the next growth in 2012-2015. If it went away, it would probably halve the growth and the stock would get hit. Believes that it is more than 50-50 that it will go through but you have to watch.
WEAK BUY
Very large pipeline and transportation company and very much a long-term hold. A decent blue chip. 4.36% dividend. There are others he prefers more.
BUY
Like its long-term outlook but has lagged in the near term. Price/demand for natural gas is down. Also some uncertainty on the pipeline they want to build running from the oil sands down into the Gulf. 95% chance it will go through. A lot of growth ahead of it.
PAST TOP PICK
(A Top Pick Jan 22/10. Up 10.69%.) Good yield. Struggled a little vis-à-vis Enbridge (ENB-T) but generally a name you need to Hold. Defensive.
SELL
Good company but would prefer Inter Pipeline (IPL.UN-T), which has more growth and better yields. This one is very richly priced at 15X earnings for the growth it offers.
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