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 26, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

TC Energy (TRP) is perceived as one of the more expensive stocks in the midstream pipeline sector, trading at a premium valuation due to its strong position in natural gas infrastructure and expanding project backlog. While experts acknowledge the company's stable cash flows, solid dividend growth, and investment-grade credit rating, they are cautious about its current high price-to-earnings (PE) ratio, which is around 23x for 2028 earnings growth of about 6%. Many analysts recommend holding the stock for the long term, given its robust network and potential for continued growth, particularly as natural gas becomes a more favored energy source. However, some experts suggest waiting for a more attractive entry point, as the overall market conditions could lead to volatility and potential downgrades in valuations, particularly in light of rising interest rates. Overall, TRP is viewed positively for its long-term utility but with concerns regarding its current valuation.

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Consensus
Hold
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Valuation
Overvalued
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ENB
BUY
A nice safe stock to own. Decent dividend and good growth rates. Very capable management. Run conservatively and raises its dividend regularly. It's the type of stock money will flow into as markets weaken.
BUY ON WEAKNESS
Fully priced for the moment. If you have a 5-year perspective, it's probably a good Buy. Try being very patient and you may get it at around $38, but the current price is fine.
DON'T BUY
Has done well of late and a little bit of that is because of a flight to quality. Good yield. Pretty rich at about 18X next year’s earnings for a very limited growth.
BUY
Suffered because of higher rates earlier in the year. Overpriced in relation to the historical price/earnings ratio. However on a cash/price flow basis it is one of the cheapest. On his radar screen to Buy for his Income Accounts because of the good yield. Would be a long term Buyer here.
TOP PICK
This is going to be a great industry to be in. Investors will value stability a lot more going forward. There will be a sector rotation eventually into the ultra defensive names.
HOLD
Good holding for a 2 year outlook. The royalties issue will have little affect on the pipelines themselves. Fairly good yield, very well run company.
BUY
A decent play with a decent yield and showing modest growth. If you have an income portfolio, this should be part of the package.
BUY
Utilities really haven't done much over the last 3 or 4 months. In the volatile situations, people tend to go to utilities, so it is a safe haven. Consistent dividends and have lowered their costs.
BUY
Hasn't done much for a while. Canadian pipelines/utilities have come off and really haven't responded. In the US, they have come back up. A good place to earn a rate of return on the dividend, but longer term, the growth is at the top end of Canadian pipe/utilities sector.
DON'T BUY
Has been taking a rest. Prefers to buy it in the $33 range. Nice dividend. Good potential down the road, but not a huge amount of growth in the next little while. Earnings will probably pick up in 08 and 09.
TOP PICK
A great blue chip name. Worries about the US economy, slowdowns and lower interest rates, drives the flight of money to quality. Good growth. 3.8% yield.
TOP PICK
Pipeline company with electric generation as well. Very stable and very secure earnings growth. Diversifying into US pipelines.
TOP PICK
Stable income. Attractive dividend income. Trades at reasonable valuations. Acquisition from last year will become accretive very soon.
BUY
Going forward, this is a name you will want to hold. Prefers over Enbridge (ENB-T). There will be more visible growth in this one over the next 12 months. After that, Enbridge would be the one to hold because of it's a better growth.
BUY
Mostly utility owned pipelines. It is a growth utility by expanding its own network and making acquisitions. Quality company. Attractive dividend yield at 3.73%.
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