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 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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PAST TOP PICK
(A Top Pick May 25/06. Up 22%.) Have good opportunities in both the pipeline and power generation businesses. Attractive dividend. Still a Buy.
TOP PICK
An interest rate play plus it is a cash flow generating machine with its main-line pipeline system. Also into storage of natural gas. Has a big stake in the Bruce Nuclear facility.
HOLD
Probably have a little bit more growth than some of their competitors. A lot of the valuation of utilities and pipeline companies are pretty seriously high level. Owns a little for the yield and defensive capabilities.
COMMENT
A real bedrock value type of stock. Pays a good dividend.
BUY
Likes its expansion in the US. A defensive company with growth characteristics. Likes the dividend yield and it will be growing.
BUY
In the longer term, there will be some expansion of pipeline assets, etc. and they will benefit. Stable cash flow and earnings. Good yield.
WEAK BUY
Has some reasonable growth. 3.5% dividend yield. Earnings growth is flattish. Prefers banks which give you a similar dividend yield, better earnings growth, 5 multiple points less and much stronger ROE.
BUY
Likes it because of its defensive characteristics. One of the few companies in this area that is showing some growth. Valuation is that the high end. Decent dividend.
BUY
A quasi-utility play. Yield is in the 4% area. Well-run company. Has defensive pipeline attributes to it. Also has a uranium play through power generation.
TOP PICK
Growth story, plus an interest-rate story. Clean balance sheet. Experienced management. Defensive.
HOLD
Pipelines generically are one of the great growth stories. As a North American demand for safe energy increases and the increased production in the oil sands, there will be more and more traffic.
BUY
Fairly defensive due to its dividend and its record of increasing dividends. Trading at the higher and of its multiple range. Believes the energy infrastructure structure will be very strong over the next decade.
COMMENT
Prefers Enbridge (ENB-T) because it has 1% to 3% higher earnings growth over the next 5 years. This one is not bad. It has a dividend and is a safe place to be.
BUY
Made a major US acquisition in the pipeline area. Pay for it with a share issue. That brought the price of the stock down. This gives you an opportunity to buy.
COMMENT
Would lean more towards Enbridge (ENB-T) for growth.
Showing 931 to 945 of 1,294 entries