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
valuation icon
Valuation
Overvalued
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Similar
ENB
HOLD
Its profit may already be reflected in its stock price. Starting to take some profits.
BUY
Very solid dividend yield. Does a good job in taking advantage of consolidation opportunities. Long-term outlook is good with pipeline expansion that is needed. Well positioned in short and long-term.
BUY
A good core holding. Will increase their dividends over the next several years.
WEAK BUY
Cautious on utility stocks.
BUY
No major problems. May not be a fast grower, but could end up with deals that moves it faster.
DON'T BUY
Trading right at its average historical yield. Market does not seem to want to pay any more.
BUY
Good yield. Has built a good base of operations and expect them to expand. A pipeline to the arctic will also give them a good boost.
TOP PICK
They may get an increase in the size of return on the regulated side of things.They also have an interest in a number of power plants in Ontario and out West.
BUY
Went through a bad to spell with some poor acquisitions.Has now crawled back up.Has increased its dividend.Good dividend yield.Strong cash flow generation, so in a good position to make acquisitions.
BUY
Has moved into the energy side as well.Expects the dividends will be increased.Should have modest growth.
PAST TOP PICK
(Was a top pick on May 21/03. Up 3.7%.) Still likes. Good dividend yield.
DON'T BUY
Should benefit from action in the north. Very attractive. Can't see much more upside.
BUY
Had a great runup and is doing a little consolidation now. Downside risk is limited to $1 or $2. Should have higher highs. Try to buy at $24.
BUY
Good long term investment.
TOP PICK
A stock that has modest growth plus a good dividend. Built a new power plant that has a 20 year lease with Quebec Power. Also involved in the McKenzie Delta. Good yield.
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