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.

consensus icon
Consensus
Hold
valuation icon
Valuation
Overvalued
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ENB
BUY
Boring but stable. Growth will come from the Alaskan pipeline as they have the Canadian rights.
WEAK BUY
Good steady long term company. Wouldn't expect great large dividend increases. Expecting interest rate hikes and these companies usually don't do well in this environment. Low growth business.
DON'T BUY
A lot of the pipelines like Enbridge or Trans Canada are expensive right now. trading at 15/17 X earnings.
DON'T BUY
Model price is about $26.72. Probably a dividend play for most holders.
BUY
A great dividend paying stock. They run a nuclear power plant and have just purchased a large amount of generating equipment. Not a huge growth story, but yield is around 4%.
DON'T BUY
Runs into resistance from the highs earlier this year which doesn't leave much upside. Sensitive to interest rates.
WEAK BUY
Not much growth in this stock right now. A dividend play. Do not see big risk. You will not get much capital growth.
PAST TOP PICK
(A Top Pick March 12/04. Then: $28.98) Stock is coming back and its dividend is attractive.
DON'T BUY
Q: This versus Power Financial PWF-T for an RRSP holding. A: Prefers PWF-T for better growth which outweighs the small differential in the dividend yield. Higher interest rates would affect this stock more.
BUY
A good core holding. If interest rates move up dramatically, there will be significant pressure on them. Still has some room to go.
BUY
Prefers Enbridge. A good company, but doesn't see as much growth.
WEAK BUY
They hold it in their dividend accounts.. Won't be an exciting stock. Higher interest rates nocked the stock down.
BUY
One of the interesting assets they have is 1/3 of the Bruce Nuclear plant in Ontario. Earnings growth is slow. 4 1/2% dividend. If the McKenzie Delta pipeline goes through, this will be a major play for them.
BUY
A yield of almost 4 1/2% which is still growing. Good management. Likes its growth.
DON'T BUY
Investors have been chasing yields so much that any company with a decent dividend has been driven up to historical high P/E's. This doesn't offer the prospect for a great rate of return. Would prefer Atco at 11 X earnings.
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