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
TOP PICK
A very solid company with a predictable dividend of 3.5%. Core holding for all of his clients.
BUY
Recently issued new stocks. If you don't own shares, this would be a good time to buy.
BUY
Proposing to issue new shares at $38 a share, to acquire a major pipeline in the US. This is not a cheap stock, but has a fairly good yield of about 3.5%. These stocks do fairly well as so many people are looking for these yields.
BUY
A great long-term investment. 2nd time in 12 months they have increased the dividends. With no changes coming in income trusts, companies with high dividend stocks and able to increase them consistently will be where investors go.
HOLD
Have made some major acquisitions and need to raise money. Good yield. Getting pretty fully priced here. If it goes up anymore, he might consider letting some of his goal.
BUY
Still buying for new clients. With the demise of the income trust sector, people are looking for nice safe places to get a yield.
TOP PICK
A great play on virtually anything to do with energy, such as power stations in Alberta, power lines. 3.2% dividend. Just bought El Paso’s pipelines which means they have a means of shipping oil from the oil sands to the US south. Have :LNG in Quebec.
DON'T BUY
Owns Enbridge (ENB-T), but they can be viewed pretty similarly. After the trust scenario, a lot of money moved into companies like this and banks, so it’s moved up. From here, the multiples are kind of high. Expect it will go basically sideways.
SELL
Although the street has a love affair with Transcanada (TRP-T) and Enbridge (ENB-T), P/E ratios and yield for these 2 are ridiculous compared to pipeline trusts. Would move his money.
BUY
Good high paying dividend. Expects the Bank of Canada will reduce interest rates next year and high dividend stocks will be in demand.
PAST TOP PICK
(A Top Pick July 11/06. Up 10.4%.) 3.5% dividend. Interest sensitive and has growth as well. Would still buy at this price.
TOP PICK
Very interest rate sensitive. Besides shipping natural gas, they also have investments in alternative energy. Yields 3.7%.
DON'T BUY
Has never liked TransCanada (TRP-T) Enbridge (ENB-T) or Transalta (TA-T). His model price is $31.71, a -9% differential. Finding more value elsewhere.
BUY
Trading around 16 X earnings. There is a regulated side, but they have a lot of unregulated where you are getting the growth. Long-term, they are the ones hoping to build the McKenzie Delta pipeline. Good yield and reasonable price.
BUY
Good, long-term growth prospects. They will be in an expansion phase for decades. Pays a reasonable dividend. Won't be hit by various cycles. Prefers to buy at $33.
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