TSE:TRP

TC Energy (TRP.TO)

95.83
+0.08 (0.08%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1335 watching
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

TC Energy (TRP) is viewed by experts as a solid investment in the midstream sector, particularly due to its strong position in natural gas infrastructure and a growing project backlog valued at $8 billion. While some analysts express concern over its high valuation relative to earnings, they appreciate its stability and utility-like characteristics, which provide consistent cash flows. The company has been experiencing volatility in its stock price tied to broader market movements, but many express confidence in its long-term prospects, particularly with the anticipated growth in pipeline infrastructure across North America. Despite varying opinions on the timing for new investments, several analysts highlight the potential for steady dividend growth and the importance of natural gas as a transition energy source. Overall, TRP is perceived as a reliable investment for income-focused strategies, though caution is advised regarding its current valuation levels and market sentiment.

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Consensus
Hold
valuation icon
Valuation
Overvalued
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ENB,ENB
DON'T BUY
Price to cash flow ratio is 8. Yield is 3.95%. However, he has opted to focus on Inter Pipeline (IPL.UN-T), Fort Chicago (FCE.UN-T) and Pembina Pipeline (PIF.UN-T) which has a higher price to cash flow ratio but a yield of 7/7.25%.
TOP PICK
Interest sensitive, so as interest peaks and start to come down, it will do well. Earnings are growing. 3.9% dividend and expect it to be increased later this year.
BUY
One of the casualties of higher interest rates. 3.9% yield. The gas going through the pipelines is increasing in price so they get a higher profit. Doing nuclear power in Ontario. Once interest rates stop rising, you should do very nicely. Good price.
SELL
Because of interest rates, he would sell or hold this and go to Enbridge (ENB-T) because it has more potential growth. Not a lot of dynamic growth in this one.
WEAK BUY
One of the old traditional utility stocks where people go in hard times. Went through a lot of reorganization and are now a very strong company. Good place to be if you are looking for a shelter.
BUY
Has done down in recent months along with all interest sensitive stocks. A “growth” utility stock which he likes. 3.8% dividend yield. They raise their dividend on a regular basis.
TOP PICK
Yield is about 4%. With the new dividend tax credit, a 4% dividend is worth 3.2% after-tax, which means you would have to buy a 6.3% bond. Has a history of increasing dividends. Inexpensive as it has good growth prospects.
BUY
Its weakness is 99% interest fears related.
BUY
For defensive stocks, look for visibility in earnings with not particularly high-priced earnings multiples. Good dividend yield.
BUY
They have a decent yield. Good long-term hold. More of a defensive stock. Has pulled back recently with the rise in interest rates.
HOLD
Yield has increased to 4%. Utility stocks trade relative to the 10-year bond yield. As interest rates rise, it becomes less attractive and this is why it has dropped recently. The company is good and it will do better when the market has simmered down.
BUY
It is down 11% which creates a great buying opportunity. Gives a 3.9% yield.
TOP PICK
Has terrific prospects with the northern extensions of the pipeline. Natural gas is going to be a terrific story for the next 10/20 years. With the new enhanced dividend tax credit, this is the kind of company that will benefit.
PAST TOP PICK
(A Top Pick Jan 19/06. Down 3%.) Interest rates were a problem. He holds out hope for the sector in the next federal budget, hoping the government will reduce taxes on dividends.
TOP PICK
3.8% dividend yield. The shares are down 8% this year. Picked up some cheap pipeline assets in the US. They have nuclear power plants.
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