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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Similar
ENB
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.
DON'T BUY
In the longer term, you want exposure in pipelines. Pretty much defining a trading range between $31.50 and $34. Not an ideal time to buy.
BUY
On a dividend paying stock, look for someone who can grow the dividend.
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