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
0
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
Likes the good stable growth and dividend yield. Acts as a counterweight in the portfolio to cyclical investments. Recently made an acquisition that will supply some growth for them. Also did an equity issue which could put a cap on the stock for the near term.
HOLD
Excellent management. Good growth prospects. Good balance sheet. Nice yield.
BUY
Dividend yield of about 4%. Below $31 is a good entry point. (Prefers Enbridge (ENB-T) for the better growth profile. He has 3X the weighting in it.)
PAST TOP PICK
(A Top Pick March 3/09. Up 6.54%.) Had a couple of challenges over the last few months. But the 20% of the Keystone Pipeline that they didn't own, which implies considerable cash drains going forward and will be dilutive over the short term. Thinks dividend will increase significantly after they stop spending on capital expansion programs. 5% yield. Hold.
WEAK BUY
Earnings growth is relatively slow in single digits. Multiple is in the mid-teens. You won't have a lot of growth but between the yield and stock appreciation you might get 10% over a year. You can get a lot better return in others that have more risk.
HOLD
Thinks this will trade in a range. Has a reasonable yield and there is such an appetite for yield that there is a pretty good likelihood the stock will find a bottom when the market stabilizes a bit.. Will probably go back up again. 5% yield.
COMMENT
Globally most stocks are up but this one is down substantially. Thinks the market is turning here and there will be setbacks. This stock, because it is down, is a lot less risk. Nice dividend and will probably have a little bit of growth over time.
PAST TOP PICK
(A Top Pick July 7/08. Down 13.76%.)
BUY
Time is probably right for stocks like this. At this point in the market cycle, he would like anything that has to do with existing infrastructure.
TOP PICK
Did a $1.6 billion equity issue last week to buy the Keystone pipeline from ConocoPhillips (COP-N). You have $.10 intuition in 2010 but you have accretion after that. Currently it is $.50 less than the issue making it pretty attractive. 4% dividend.
BUY
Quasi-infrastructure play. Bringing Alaskan gas down. Will be around for a long time. Very strong track record of dividends. Excellent growth. One of the largest producers of power with its stake in both Bruce and it's US assets. Expects power prices will be a little weaker over the next 6 months. Almost 5% dividend.
SELL
This chart is not good. Stock could go down to $28.80 and that would be a support level. If you own, keep until the dividend is paid and then sell.
PAST TOP PICK
(A Top Pick June 18/08. Down 24%.)
COMMENT
Enbridge (ENB-T) or TransCanada Pipeline (TRP-T)? His choice would be Enbridge, which has a little more earnings growth. Valuations between the 2 are about the same. 4.8% yield.
TOP PICK
Just did a $1.6 billion stock issue that has put the stock under pressure. Will be shipping in their Keystone pipeline 1 billion barrels of oil sands oil a day into the US Midwest forever. Gives you a stable and rising dividend.
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