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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ENB,ENB
TOP PICK
Even if there is a recession you got to push the petrochemicals down the pipeline – and they also do power production. Earnings are going to be solid. Not economically sensitive and they have long-term growth potential.
BUY
Always good to own utilities that are in the middle of construction. With the 2 new projects they have, they will have to probably go back to the market to issue a combination of debt, equity and preferreds. 3.8% dividend.
TOP PICK
More of a growth company than others. Expanding profitability in pipelines. Also got into electricity in New York City. Yield is comparable or better than 10-year Canada's and grows on a regular basis. Prospects continue to grow. Good entry.
PAST TOP PICK
(A Top Pick Aug 22/07. Up 15%.) Continues to offer reasonable upside.
TOP PICK
Has got defined projects for the next 10 years. Looking at earnings growth in the 6% to 8% range. 3,5% dividend. Good solid 10% to 12% return. Infrastructure spending is going to be a major element in the next 10 years.
BUY ON WEAKNESS
Good solid dividend of about 3.5%. Nice conservative way to have exposure to the energy market. Trading at about 18X earnings, which is a little rich. You could also look at Husky Energy (HSE-T), which gives a 4.5% yield. (See Top Picks.)
BUY
Dividend Reinvestment Plans (DRIPS). Very popular on high paying dividend stocks. Will be trading back and forth between $36 and $4 for a long time. Can’t see a lot of downside pressure on the stock.
BUY ON WEAKNESS
(Market Call Minute.) Very steady company. Regulated cash flow so don't expect big changes.
BUY
Utility group in general has been a bit weak lately. Have done a good job. In the penalty box because of the asset they bought from Keystone but believes this will ultimately be a good transaction. Good management.
BUY
One of the best in the utility sector.
TOP PICK
Selling substantially below valuation before it bought a power plant in New York City, which it did a big equity issue for. New pipelines are coming on stream. New reactors coming on over the next year. Ontario gas powered stations have started up. 10%-12% growth in cash flow. 3.8% yield.
BUY ON WEAKNESS
Issues of dilution have come up recently and are possibly due to the need for capital. Fundamentals look good. Will likely be able to pick this up at a lower price in the next few months and would go after it if it is off by 10%.
BUY
An infrastructure company. In the pipeline industry but also in power generation. A growth company. Good management.
TOP PICK
An expert in the pipeline industry and now expanding into electricity. You buy this for both stock appreciation and the 3.5% dividend. Have a lot of expertise and prestige in their area. Likes their expansion plans. Won't go smoothly but it will pay off.
TOP PICK
Power will be a major investment area in North America over the next 10 years. They’re exquisitely placed to benefit from this. Won’t have fabulous growth. Will be 8% with a 3.5% dividend. Good stable part of the portfolio.
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