TSE:TRP

TC Energy (TRP.TO)

88.19
-1.37 (1.53%)
as of Aug 7, 2026, 8:00:00 pm Market Open.
1333 watching
0
Investor Insights
star iconAug 7, 2026, 12:00 am

This summary was created by AI, based on 20 opinions in the last 12 months.

TC Energy (TRP) is perceived as a stable investment within the energy sector, particularly due to its strong positioning in natural gas infrastructure. Most experts agree that while the company has experienced significant price increases recently, concerns about its current valuation being on the high side have emerged. The consensus leans towards waiting for a better entry point given the potential for lower valuations in the near future. Many analysts appreciate the dividend yield and contracted cash flows, along with the company's long-term growth prospects; however, they caution against entering at the current prices due to perceived overvaluation. Overall, the views on TRP showcase a blend of appreciation for its stability and dividend payouts, tempered by the outlook for a cooling in growth expectations.

consensus icon
Consensus
Hold
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Valuation
Overvalued
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ENB,ENB
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.
TOP PICK
A defensive play. Yields about 3.6%. Trades at a reasonable market multiple. Very solid, disciplined business.
PAST TOP PICK
It has increased since he picked this stock. Good yield, growth prospect and a good place to be. He continues to own.
BUY
Prefers Enbridge (ENB-T) because the growth is a little bit better but this is the same with a 3 % or 4% dividend and not growth oriented, but a safer way to have exposure to long-term growth in Mackenzie Valley.
BUY
Expects pipelines to do reasonably well over the next little while. This is a conservative stock that doesn't move very quickly. As this is an interest sensitive stock it should get a lift as interest rates have pretty well peaked out. Has a good shot at operating the Mackenzie Delta pipeline.
BUY
In a low interest rate environment, utility stocks outperform. This company is the largest gas transmission business in Canada. The Mackenzie Delta and the Alaskan pipeline are going to consume a lot of their capital expenditures. They are seeing a lot of competition from Alliance partners coming into Chicago.
WEAK BUY
Trading at a P/E multiple above its historic range. Good company, but not cheap.
BUY
The general belief is that the pipeline business is going to boom for years and years. A US pipeline, Kinder Morgan, is going private so investors that want to stay in a pipeline will have to look at this one. 3% yield.
TOP PICK
Power generation is going to continue to be one of the key areas for the balance of the decade. This company is very well positioned on a North American basis. Good dividend yield at 3.7%. A good defensive part of the portfolio.
HOLD
Has popped up a little bit over the last month or so. Offers a decent yield. Modest growth.
BUY ON WEAKNESS
Likes to buy this one under $33. Multiple is not bad and it has a reasonable yield. Prospects for the pipeline industry in general are excellent.
DON'T BUY
Model price is $30, a -14.5% differential. His model price continues to erode.
PAST TOP PICK
(A Top Pick May 25/06. Up 6%.) Like it for the yield and that they keep increasing the dividend. Likes their growth prospects with the Mackenzie Valley and with increasing production of petroleum products in western Canada.
BUY
An interest sensitive stock because of their dividend yield and they work on a rate of return basis on many other pipelines. Now that interest rates look like they are flattening out, it should do well.
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