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
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.
BUY
Good company. Solid yield. Have some growth prospects from expanding nuclear plants that they own. Interest sensitive, so has been sold off in the last little while.
SELL
Interest sensitive. Would switch of this and buy Enbridge (ENB-T), primarily because Enbridge has more growth and strategic initiative.
DON'T BUY
His model price is $31.42 which is a -8% differential. This company's stock has always been above his model price.
BUY
They are long time holders of TransCanada and continue to like the company here. Demand for energy products are going to continue to grow in North American. It has a strong balance sheet and good dividends.
WEAK BUY
Prefers embridge to Transcanada. Owns more of it. Not a bad place to be, but don't expect it to give you 20% anymore though.
BUY
It has come off on its top as interest rates have moved up which is normal. Sees only limited upside in interest rates and the bond market.
HOLD
Excellent company but don’t add right now. Monopoly territory. A solid company with a solid dividend. For the long haul hold it.
TOP PICK
The oil sands are getting international attention on a level that has not been seen before. Play this through companies that will gain with infrastructure development. This company is converting an older natural gas pipeline to transport heavy oil into Illinois and maybe into Oklahoma.
HOLD
Prefers Enbridge (ENB-T) so would consider switching.
TOP PICK
Pays a very nice dividend. Gives you some growth opportunities with what's going to happen in the Mackenzie Valley. With the changes in the taxation on dividends, it is even more attractive.
DON'T BUY
Sell or writing call options? Utilities have done fabulously well. Now you have high P/E’s in the low 20’s because the market has been chasing yield. Just focusing on yields, you can end up paying too much relative to the earnings. You can find far better value elsewhere.
DON'T BUY
Is best guess on this one is that they will earn their dividends unless the market continues to rise and he just doesn't see that happening. Trading at twice the multiple it used to.
DON'T BUY
Could see that this would be of interest to some US companies as a takeout. Has a good yield and has been a good company to hold. Would prefer others.
BUY
They have a very nice dividend which they have a history of increasing year by year. Dividend are getting a very nice tax treatment. They have growth prospects in Hydro and with the Mackenzie Delta. What used to be a boring pipeline company has transformed itself into both a generation company and a bit of a growth story.
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