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
BUY
Good yield. Dividend will continue to rise.
PAST TOP PICK

(Top Short Feb 13/04. No change.) The chart still looks somewhat negative.

WEAK BUY
Interest sensitive. OK for a long-term hold. Prefers Enbridge.
BUY
Dividend is now secure and will continue to grow on a regular basis. Also pleased that they are expanding into areas that they are more familiar with. Likes the new management.
BUY ON WEAKNESS
Would be interested between $25 and $26. This would give you a yield of 4 1/2% and could see a 4/5% capital gain.
DON'T BUY
Would consider as a long term holding. Stable earning stream. Dividend offers stability. Short term has a value of $25.
BUY
Excellent company, good value at this price.
HOLD
An excellent company, well managed. Interest sensitive.
WEAK BUY
Utilities are regulated and it's all about how much they can charge. Interest rates can hurt. They need to get the McKenzie Delta pipeline as that would be their growth. 4 1/2% yield.
DON'T BUY
Their model priced is exactly where the stock is today. There won't be any fundamental pickup. Dividend.
BUY
A long-term indirect play on energy. Could be some upside potential from the Arctic. Good assets. Has a stable and growing dividend.
BUY
A good long-term investments. There is an interesting growth picture going up north heading towards the McKenzie Delta. May take a few years to materialize.
BUY
Under pressure because of interest rates going up. A good utility. Good dividend stream.
DON'T BUY
Is sensitive to interest rate hikes. Just took a drop and needs growth to recover which will take about a year.
HOLD
4.6% dividend. Will continue to grow with GDP plus 2/3%.
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