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Experts have mixed opinions about TC Energy (TRP-T) with some highlighting its strong assets, safe dividend yield, and potential for growth in the US, while others express concerns about high debt levels and poor guidance. The stock has been described as oversold, with positive news and insider buying, but with challenges posed by interest rates. The company's plan to separate assets and spin off its liquids division has been considered an opportunity for unlocking value, but there are also worries about the impact of cost overruns and an uncertain market reaction to asset sales. Overall, the stock appears to be receiving attention for its dividend yield, potential upside, and attractive valuation compared to peers.
Owns shares in Enbridge, but TC Energy is a quality company too. Spin off of oil pipeline business could be good for shareholders. Solid dividend that is safe.
Less expensive than either ENB or PPL, with higher dividend income.
Trades around 12.5x PE, yield's just over 7%, insider buying across the board to the tune of close to $8M last year. Nat gas demand has increased over the last 6 years at about a 4% clip, expected to continue. Dividend should be able to increase 3-5% per year.
Company continues to improve. Liquids spin out good for business. Would be a good place to buy. Cheap stock price valuation. Would recommend buying at current price. Assets very hard to replicate.
Cost overruns of Coastal GasLink largely behind them. Interest sensitive. If rates start going down, should be a tailwind. Her preference is ENB.
Chart's improved, 200-day MA starting to move a bit higher. Price moved above 200-day late last year. Those are good signs technically. Great dividend, about 7.3%, fairly safe and in fact sees 4% growth. Spinning off liquid pipelines, should unlock shareholder value. Lots of exposure to nat gas, and those prices seem to be bottoming. Good for yield and steady growth.
He owns ENB instead.
Yes. In spin-offs, the new company feels pressure, but pays off later. You can't replace their assets (pipelines). A great business overall.
Another example of a big name being mushy. Downtrend, trying to stabilize. Getting interesting. Better names elsewhere. In the space, he likes PPL and KEY.
Ongoing lawsuit in the USA a concern, but overall business is strong. Would recommend holding.
Spinout should happen in the fall. South Bow is the more interesting one, could be takeover target. Last quarter was a beat. Too cheap at 12x 2025 earnings, nice dividend, good job executing. Not a lot of EPS growth right now. Sector's done well this month, might need to rest. Likes it, but you don't have to buy it at $53.
It has had a record delivery of natural gas.. Planned data centres will need a lot of energy. There's lots of consumption of natural gas in the U.S. and lots of production in Canada. Pays a 7% dividend.
Excellent company with strong asset base. Higher energy prices will benefit shareholders & bottom line. Expecting dividend to grow 3-5% annually. Move ~25% of all natural gas in North America. Also have power generation business(nuclear). Trading at ~12.5x earnings which is cheap. Coastal Gas Link + Southeast Gateway are major capital projects next year. Southbow energy will split out next year with oil assets. Good time to buy for long term investors.
The pipelines are a good place to be and the pricing is not sensitive to the commodity prices. The yield is now 7% and it trades at a more reasonable valuation. It is not high growth and not high risk so there is little downside.
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
In the last year, 56 stock analysts published opinions about TRP-T. 35 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TC Energy.
TC Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for TC Energy.
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.
56 stock analysts on Stockchase covered TC Energy In the last year. It is a trending stock that is worth watching.
On 2024-07-26, TC Energy (TRP-T) stock closed at a price of $58.04.
Fine as an income stock. Project-cost overruns are largely behind. Not sure how natural gas spinoff will unfold. Likes pipelines, defensible cashflow streams, attractive dividend yields. Prefers others in the space. See her Top Picks.