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
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Valuation
Overvalued
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ENB
BUY
A good utility. Won't be exciting. Will be involved with the Mackenzie pipeline. Reasonable dividend.
PAST TOP PICK
(A past top pick Mar 1/04. Up 3.3%.) Was picked for growth and income. Should eventually benefit from the opening of the natural gas north of the 60th parallel. Nice dividend. Well-managed.
PAST TOP PICK
(A past top pick Mar 12/04. No change.) One month is too short for their investment horizon. Still likes. Good growth prospects. Continues to raise dividends.
BUY
A low risk way to get into the energy side. Would prefer Enbridge which shows a little more growth. Dividend.
WEAK BUY
Sold it recently. Getting more and more into the power business. Might buy it back
HOLD
Is running up against a 24 year valuation ceiling which is a little over 2 X it's book value. Good yield of about 4%. Would like to see what happens with their pipeline plans.
HOLD
A major force in the transportation and resources and the origination of new projects. Dividend.
BUY
Continues to offer good value at this price. Very attractive yield. Outlook is positive.
BUY
Doesn't see a huge amount of upside but, over a one-year period, you should see a nice dividend yield which would give you a return of 7/8%.
TOP PICK
A good place to hide. A 4% yield. Dividend has been growing and the company has been growing. Moving into the US market. Top-quality management.
BUY
Very good, consistent stock. Dividend. The most diversified pipeline in Canada. As financial clout to bid for some pipelines in the US.
TOP PICK
A dividend paying core holding. Their play to buy the Western pipeline in the US will allow them to ship gas all over North America. Good management.
DON'T BUY
This stock is for an income type investor. Prefers other areas, such as income trusts.
TOP PICK
Top Short Still likes, but looks vulnerable right now.
BUY
Has stalled out. Like the dividend, it will grow. For conservative investors, looking for yield. Like it. Good management
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