TSE:TRP

TC Energy (TRP.TO)

95.83
+0.08 (0.08%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1335 watching
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

TC Energy (TRP) is viewed by experts as a solid investment in the midstream sector, particularly due to its strong position in natural gas infrastructure and a growing project backlog valued at $8 billion. While some analysts express concern over its high valuation relative to earnings, they appreciate its stability and utility-like characteristics, which provide consistent cash flows. The company has been experiencing volatility in its stock price tied to broader market movements, but many express confidence in its long-term prospects, particularly with the anticipated growth in pipeline infrastructure across North America. Despite varying opinions on the timing for new investments, several analysts highlight the potential for steady dividend growth and the importance of natural gas as a transition energy source. Overall, TRP is perceived as a reliable investment for income-focused strategies, though caution is advised regarding its current valuation levels and market sentiment.

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Consensus
Hold
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Valuation
Overvalued
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ENB,ENB
BUY
Putting some of his income oriented accounts into this.
BUY
(Market Call Minute) Still under issue price and lagged comparables
PAST TOP PICK
(A Top Pick Sept 5/08. Down 12.32%.) Still a Buy.
DON'T BUY
Likes the pipelines. They are a simple business. Get paid for sending things through a pipeline. Prefers Pembina (PIF.UN-T) or Enbridge (ENB-T). 4.7% yield.
TOP PICK
Very defensive stock. 4% yield. Transports 20% of North America's natural gas. Not exposed to commodity prices. Owns 15% of Bruce generating station in Ontario. You can set on this stock and wait for the markets to get better.
BUY
Pipeline network spans across North America and also has some power plant interests. Recently did a big equity issue to fund their growth projects for the next 2 or 3 years. Near term dilutive until these projects come into stream and start to contribute to earnings. 4.7% yield.
PAST TOP PICK
(A Top Pick March 3/09. Up 10.73%.)
BUY
Bringing on an oil pipeline system into the US, which will bring a lot of upside growth. Once natural gas prices recover in the next couple of years, they will be involved in any expansion in Western Canada.
TOP PICK
Contrarion call. Spent a lot of money lately on projects that won’t contribute to income in the next couple of years. Recently shorted Enbridge against his TRP.
TOP PICK
Good growth prospects in front of it through the Keystone project, which will generate good cash flow through the next couple of years. Has the Horn River project that will generate good cash flow. Over the next 2 years it will provide better returns. Good distribution of about 5%.
TOP PICK
Did a big equity issue of $1.7 billion to pay for the pipeline from Conoco Phillips (COP-N), which does not pay them any earnings until 2011 so earnings are diluted. Without this stock would be $37. Gives you a chance to buy at $31. 4.8% yield. Safe place to hide.
TOP PICK
Has always been expensive and this is an opportunity to buy with this selloff. 5% yield and trading at roughly 15X earnings. He is hoping to have a 10% ROI annually.
DON'T BUY
Nice yield of almost 5%. Have been expanding aggressively through acquisitions. Have diluting shareholders through a lot of new issues. Prefers International Pipeline (IPL.UN-T), which has a better yield. On multiples they are about the same.
TOP PICK
Recent big share offering and stock has not recovered. 5% dividend. Completely recession resistant. Also somewhat inflation protected, as energy boards will give rate increases. Growth prospects both south and north.
BUY
Has one of the lowest price to cash flow ratios of the four main pipeline companies. However, half of their business is power. There is great opportunity because of the US Keystone acquisition but also when the Alaskan pipeline gets built.
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