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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ENB,ENB
HOLD
Attractive because of the dividend, fairly high PE. $41-$42 is a 12-month target. Could go sideways for a while.
COMMENT
Has languished because a lot of natural gas flows through their pipes. In the last several months, the throughput has dropped by about a third and prices have been depressed. Have been building assets and to a large extent, the market has missed this. Expect it will catch up in valuation over the next few years.
BUY
US will have to get oil from somewhere. Could be problems with offshore drilling programs after the Gulf spill. Pipelines, despite leaks, are the safest, most environmentally effective and cost-effective way of transporting oils and liquids.
BUY
Good yield and a history of increasing cash flow and dividends. Primarily involved in natural gas pipelines. Also has a power division with good growth opportunities in the next number of years coming from hydroelectric projects.
BUY
A good, long-term company to have in your portfolio. 4% yield. They will convert dividends for you into new shares.
BUY
Have $30 billion of assets they are working on. They'll grow their earnings and this is money in the bank.
PARTIAL SELL
Likes this because of the consistency of its pipelines. Utility sector has performed very well. With shale gas coming online, technically you don't need the pipeline to go to Ontario. Good company. If you own, consider taking some profit.
DON'T BUY
The electric business is in the share price. Gas production is being increased in the US and pushing out Canadian exported gas and that is gas that would be on the trans-Canada main line. Prefers Enbridge.
BUY
Big believers in this. A great company. Terrific Canadian company. Doesn’t feel that present political climate about oil sands being ‘dirty oil’ is correct. Thinks dividend will go up some more. Huge backlog of projects all over. Everybody should own it.
PAST TOP PICK
(A Top Pick Aug 10/09. Up 21.44%.)
BUY
Lagged because it had a reputation of missing guidance and also issuing too much equity to pay for expansion. This is all behind it and it seems to have enough cash flow from existing operations to meet current commitments. Keystone pipeline is a little bit of a mixed bag south of the border but initial phases are contributing to cash flow. Very solid name. (See Top Picks.)
BUY
A bit of a controversy regarding the US pipeline and if they are going to get approval but he thinks it will happen so this is an opportunity. Really juicy dividend yield.
BUY
In a growth channel and chart is showing higher lows. The trend is intact and the sector is healthy.
COMMENT
Being bedevilled in the short term by the US anti-Keystone pipeline activity and the difficulty of passing through increasing costs to the shippers.
BUY
Stock has been coming off because of some concern in the US regarding their new Keystone pipeline, which transports oil sands oil into the US. Has already been approved by US authorities.
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