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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ENB
BUY
Possible takeover. Good yield.
BUY
Strong dividend. Possible expansion. Fairly safe.
TOP PICK
Good dividend yield at 4 1/2%.
DON'T BUY
Slow growth. Very defensive. High dividend yield. Performs well when interest rates fall. Prefers Westcoast.
TOP PICK
Good yield (4 1/2%). PE is reasonable. Interest rate drop will be good.
BUY
Has had a turn around. Interest rates should stay down which should help the dividend.
BUY
Safe source of cash. Good place to be in current environment. Good dividend. Conservative.
DON'T BUY
Will be a dividend and interest rate play, not a growth.
DON'T BUY
Likes the pipeline sector. Fair dividend. Getting close to its upper limit. Prefers Enbridge.
BUY
Still has some growth.
SELL
Feels all the gains/growth are built into the stock price.
DON'T BUY
Good yield, but thats about all. No growth. Prefers Precision Drilling.
STRONG BUY
A favourite. Good dividend. Solid growth. Expect a 15/20% return.
DON'T BUY
No yields other than dividends.
HOLD
Has cleaned up their act. Sector has backed off, so not a BUY at present.
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