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
0
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
DON'T BUY
Utilities on both sides of the border are very overvalued. His model price is $31.90, which is a 12% negative differential.
HOLD
Likes the pipeline area. Inter Pipeline (IPL.UN-T) and this one are 2 of the cheapest on a price/cash flow basis. Recently made an acquisition of a New York City power plant. This will cause some dilution, $.04 this year and probably $.07 to $.08 next year. Will also have to issue 32.5 million shares, which is a 5%/6% dilution. Wouldn't buy until you see the charts forming a base.
BUY
Yield oriented companies make a lot of sense in this market. You wouldn’t want to see this stock trade below $37. Set $35 as a stop. Fundamentally the companies in pretty good shape. Could reach $45 in the next year.
BUY
New proposal for a new pipeline has been approved. Very well managed company. Is a good price point to step in. A good place to sit out a recession.
PAST TOP PICK
(A Top Pick Feb 13/07. Up 8% including dividends.) In a market like this, stocks like this are terrific things to have. Increases its dividend regularly. Stable businesses.
TOP PICK
Very good dividend yield and just increased it by 6%. A lot of its earnings are coming from a regulated base, but in this market environment it is a very good place to have some equity money. Earnings were about 8% to 10%. Have growth opportunities on capital projects out through 2012/2014.
BUY
His overall outlook on the market is that it is going to be tough sledding for 6 months to a year so you want to be defensive and in cash and regulated utilities. Extremely well managed.
BUY
A good, solid blue-chip stock. Kind of an indirect frontier oil/gas play. If the McKenzie goes ahead, it will probably be the primary pipeline operator.
BUY
Very pleased with their earnings and with the dividend increase. Loves companies that raise dividends on a regular basis. The perfect type of stock to own in this kind of environment. Will benefit from dropping interest rates. Not economically sensitive.
BUY
If you are going to own equities through a difficult economy and market, yield is something you should look at. There are a bunch of companies in the Canadian market that have hung on pretty well. Look at TransCanada (TRP-T), Transalta (TA-T), Fortis (FTS-T) or an Enbridge (ENB).
TOP PICK
This company has paid a rising dividend steadily. $10 billion in revenues. The Alaskan pipeline gives it some growth potential. No exposure to the US. Limited exposure to volatile segments.
TOP PICK
3.4% dividend. Looks like they may get the Alaskan pipeline, which means there is guaranteed growth out for many years. In a difficult market environment, this is a great company to own. Trades at 18, 19 times earnings, which is high on a historical basis but cheap relative to where it has been in the last couple of years.
BUY
Has been a great performer in a poor market and thinks it will continue to be. It combines the safety of having regulated assets with probably the best growth potential of utility stocks in Canada. Participating in a number of projects in the US and Canada.
BUY
At the moment, they are the only certified applicant to build the Alaskan pipeline. He thinks the Alaskan pipeline is large and a bit of a political quagmire so wouldn't buy it for this but would buy it for a number of other reasons.
BUY
Made a US acquisition, which he likes. Any good quality stock in Canada like this one and is yielding 3% or greater, when you gross up the dividend you'll end up earning more on a current cash basis in 1 year than you would on T-bills or 10-year government bonds.
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