DON'T BUY
TC Energy

Headwind of higher interest rates. Cost overruns on Coastal GasLink, so has underperformed ENB and PPL. Once Coastal is complete, overhang should lift.

oil / gas pipelines
PAST TOP PICK
TC Energy
(A Top Pick Oct 11/22, Down 4%)

It has not been a good year for the stock or the space in general but some companies are coming back. It pays a good dividend and has plans to sell some assets which will be good for paying down debt. It is selling an oil pipeline but it doesn't look to be at a great multiple. He has been buying more.

oil / gas pipelines
HOLD
TC Energy

Excellent job in diversifying business.
Capital expansion program worrisome for investors.
Higher interest rates hard on business.
Building new assets difficult in Canada.
Oil pipeline spin-out would be a good investment.

oil / gas pipelines
BUY
TC Energy

Dividend's not as high as ENB, but neither is the leverage. Suffered as interest rates have gone up, but interest rates have peaked and should come down somewhat sometime next year. Hefty dividend of 7.7%.

oil / gas pipelines
BUY
TC Energy

It's been challenging to own this long term, but things are improving--they divested their stake in their Columbia gas pipeline, freeing $5 billion, and will spin off the liquids business, which will be a long, complicated process. But this will unlock flexibility and remove some ESG taint to TRP. Shares are cheap and pay a 7.6% dividend (a record high and higher than peers like Enbridge). Trades at a discount to peers. Shares are down. All these factors set it up well.

oil / gas pipelines
DON'T BUY
TC Energy

Has sold shares in company.
Cost overruns and difficulty to build projects a concern.
Not able to re-invest cash flow.
Dividend not in trouble, but not expecting capital appreciation.
Strong assets, but hard to grow business. 

oil / gas pipelines
PAST TOP PICK
TC Energy
(A Top Pick Nov 11/22, Down 20%)

Surprised how much share price has fallen.
Believes that weakness in share price will pass.
Assets very strong - move 25% of gas in North America; 35% of LNG feed stock.
LNG growth also growing. 
Buying more shares given current price. 
Good long term investment. 

oil / gas pipelines
Unspecified
TC Energy

It is best known for its Keystone pipeline system. The market didn't like the valuation multiple implied in the recent announcement of the sale of Columbia Pipelines. It is separating out its liquids pipelines business from its gas pipelines. There have been cost over-runs and elevated debt levels. The dividend is over 7%.

oil / gas pipelines
BUY
TC Energy

Penalty box. Share price around 5-year low. Plans for spinoff and sale of a trophy asset. Balance sheet doesn't support its capital program. Very attractive 10x earnings, a durable business, a ton of value. He owns and still prefers ENB and PPL.

oil / gas pipelines
TOP PICK
TC Energy

Huge portfolio of pipelines, a tremendous barrier to entry. Impossible to replicate its assets. Selling Colombian asset to reduce debt, and market recoiled from this shift from growth to debt reduction. Splitting off liquids group. 10x earnings multiple. Yield is 7.89%.

(Analysts’ price target is $54.07)
oil / gas pipelines
SELL
TC Energy

He's about to sell it at a loss. Support has broken down.

oil / gas pipelines
TOP PICK
TC Energy

It is down nearly 32% in the past year. He recently bought it. Some assets are being sold resulting in a better balance sheet. The pipelines on the west coast are good for oil prices in Canada. Carbon based energy will still be in demand.    Buy 9  Hold 10  Sell 3

(Analysts’ price target is $54.35)
oil / gas pipelines
HOLD
TC Energy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The company states that the 'combined dividends of the two companies sustains long-term dividend growth outlook'. So we don't think it puts the dividend 'at risk', but the spin off will likely change where/who the dividend 'comes from'. Also, the company states that 'the initial combined dividends of the two companies will be equivalent to TC Energy's annual dividend immediately prior to the completion of the transaction and that over time the combined value of the two companies' dividends is expectd to remain consistent'. 

TC Energy is expected to grow EBITDA at 7% annually and grow the dividend by 3% to 5% annually. The liquids business is expected to grow at 2% to 3% anually and have a similar dividend growth rate. 
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oil / gas pipelines
WATCH
TC Energy
Earnings are on Friday

Shareholders are frustrated. Yesterday, they sold $5 billion in a Louisiana pipeline, and markets were disappointed they didn't fetch more. Rising rates are pressuring long-duration assets like TRP's. Wait for earnings before doing anything, like he is.

oil / gas pipelines
TOP PICK
TC Energy

The premier natural gas infrastructure company in North America. It pays over a 7% dividend. The Coastal Gaslink overhand is behind us. It's fine that they sell some assets to fund growth. Exporting nat gas beyond North America will double in volume in the coming decade and TRP is incredibly set up to facilitate this. Even at a modest 2% dividend growth rate and share growth, that's still 9-10% compounded annual returns.

(Analysts’ price target is $60.26)
oil / gas pipelines
Showing 1 to 15 of 1,183 entries

TC Energy(TRP-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 29

Neutral - Hold Signals / Votes : 10

Bearish - Sell Signals / Votes : 9

Total Signals / Votes : 48

Stockchase rating for TC Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

TC Energy(TRP-T) Frequently Asked Questions

What is TC Energy stock symbol?

TC Energy is a Canadian stock, trading under the symbol TRP-T on the Toronto Stock Exchange (TRP-CT). It is usually referred to as TSX:TRP or TRP-T

Is TC Energy a buy or a sell?

In the last year, 48 stock analysts published opinions about TRP-T. 29 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TC Energy.

Is TC Energy a good investment or a top pick?

TC Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for TC Energy.

Why is TC Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is TC Energy worth watching?

48 stock analysts on Stockchase covered TC Energy In the last year. It is a trending stock that is worth watching.

What is TC Energy stock price?

On 2023-09-25, TC Energy (TRP-T) stock closed at a price of $49.16.