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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Similar
ENB
DON'T BUY
A little bit high now. Fundamentals are good, but the good news going forward is already built into the price.
HOLD
Nice dividend yield. Fully valued.
BUY
Well positioned to get into the Artic pipeline system. Also have access to the McKenzie delta. Making good acquisitions and they should benefit well from their interests in the Bruce power plant.
DON'T BUY
Pays a nice dividend. Should do reasonably well. May be a little high now.
BUY
From earnings standpoint, pipelines look expensive, but from a dividend yield standpoint in relation to government bond yields, they are very attractive.
BUY
The play is on natural gas in the McKenzie Delta and north of the 60th parallel. Have cleaned up their balance sheet.
BUY
Good dividend. Has had a really good run. Could have 5% upside.
BUY
Just bought a half share in the foothills pipeline which will be important for shippin Alaskan gas when its needed. Have cut their debt. Very steady play. At a fair value.
TOP PICK
4.7% yield. Bruce Power acquisition was excellent. Will be in a good position for shipping natural gas.
WEAK BUY
Pipeline area should be robust, but power transmission will be a little more difficult. 4.5% dividend yiled. Solid company.
BUY
Steady income. Making good acquisitions for future interests. Good long term hold.
BUY
Buy for the dividend. Capital appreciation potential is not as great and will stay in the $21/24 range. A good business.
BUY
Much better balance sheet.
BUY
Yield is over 4%. Also expect a 5% capital gain for a total of 9/10% for the year.
WEAK BUY
Not sure where their growth will be. Good balance sheet. Has cash.
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