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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Similar
ENB,ENB
BUY ON WEAKNESS
Diversifying into different areas and are doing a better job than their predecessors did. Steady performer and generates reasonably good cash flow. A prime candidate to have a big piece of the Mackenzie Valley pipeline. Very conservative, rate driven and pays a reasonably good dividend.
BUY
Had a nice recovery after they did an issue 2 or 3 weeks ago. Below $39 is not a bad entry point.
TOP PICK
A less volatile way to play the energy sector. Incentive will be given to them for the Alaskan pipeline. Yield around 4% plus our growth rate of 5% to 8% gives a pretty solid mid-teens performer.
PARTIAL BUY
Utilities are good to have for a diversified portfolio. Suggests that you nibble a little bit. And you keep some of your money; there could be an opportunity when the stock drops.
BUY
(Market Call Minute.) A nice dividend and a nice steady performer. If you like something conservative, this is a good place to put your money.
TOP PICK
(A Top Pick July 31/07. Up 2%.) Yields 3.75%. Likes its exposure to Ontario’s energy market and is expanding into the US. Trading at a substantial discount.
PAST TOP PICK
(A Top Pick May 18/07. Down 1%.) Doing fine until they announced an acquisition of a New York electricity plant. Will be short-term dilutive to earnings and will need an equity financing to pay for it. Pretty clear sailing for the stock from here on.
TOP PICK
A good way to play the oil at this point. Fairly good yield at about 3.8%. In a trading range and is near the bottom at this time and will go back up to the top of its range and possibly beyond that.
BUY
This is a stock people are buying for the dividend. Probably has the capacity to increase their dividend, which is good in the long term.
COMMENT
Cheaper on a price to cash flow basis than Enbridge (ENB-T). Good yield. Feels there is good growth in the pipeline area. Great company. $35 - $36 is not a bad price but remember that interest sensitive stocks will not do that well in a sharply rising interest rate environment.
COMMENT
You won't go wrong with this one. His problem is that you are paying mid to high teens earnings multiple on single-digit growth. (Actually, lower than that with the acquisition they've taken on.) It's safe and it will pay you a yield, which will be better than in a bond market or cash but you won't get a big win on it.
TOP PICK
Great dividend yield. Has been very careful about its acquisitions. It has projects with probably about 15 years of visibility. It will never be an exciting grower, but will be a 6% to 8% grower and dividend will grow 6% to 8%. Came up recently on their power facility acquisition that they did in New York. This is a good time to initiate acquisition.
BUY
(Market Call Minute.) Just ought a new asset in the US. They need $1 billion in equity so the stock sold off on that. 8% opportunity.
TOP PICK
Stock bombed last week because they bought International Grid, the biggest power station in NYC. This was a big overreaction. In the meantime, you get 5% yield. Low risk way of playing the resource boom.
BUY
The downside has come because of their purchase of the power plant in NYC and the need to have it financed. It may not be a huge mover to the upside in the short term but this is a good entry point. At 15X earnings and almost 4% yield, this is a good core holding.
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