TC Energy

TRP-T

TSE:TRP

67.35
0.51 (0.76%)
TC Energy is a major North American energy company, based in Calgary, Alberta, in Canada, that develops and operates energy infrastructure in North America. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. In May 2019, the company changed its name from TransCanada Corporation to TC Energy to better reflect the company's business, which includes pipelines, power generation and energy storage operations in Canada, the United States and Mexico.
More at Wikipedia

Analysis and Opinions about TRP-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 4, 2019
Pays a decent yield and has an okay balance sheet. 22% upside potential. He's neutral about it. Not excited. Neither a buy or sell.
TC Energy (TRP-T)
December 4, 2019
Pays a decent yield and has an okay balance sheet. 22% upside potential. He's neutral about it. Not excited. Neither a buy or sell.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$66.680
Owned
Unknown
BUY
BUY
December 3, 2019

and Enbridge He owns this and Enbridge, and likes both. They both pay good yields; TC pays around 4.5%. Both are highly levered, though. Pipelines and utilities can maintain revenues in a slowdown. For both, what are their long-term capital plans to maintain growth. They both have buoyant plans. He'd buy both.

TC Energy (TRP-T)
December 3, 2019

and Enbridge He owns this and Enbridge, and likes both. They both pay good yields; TC pays around 4.5%. Both are highly levered, though. Pipelines and utilities can maintain revenues in a slowdown. For both, what are their long-term capital plans to maintain growth. They both have buoyant plans. He'd buy both.

Michael Sprung
President, Sprung Investment Management
Price
$67.150
Owned
Yes
BUY
BUY
December 3, 2019

TRP vs. Enbridge Both are great companies, but prefers TC for paying a higher dividend (that should continue to rise), and a more stable balance sheet. ENB has a lot of debt from acquisitions. ENB's dividend is higher, but less safe. TC is a core investment.

TC Energy (TRP-T)
December 3, 2019

TRP vs. Enbridge Both are great companies, but prefers TC for paying a higher dividend (that should continue to rise), and a more stable balance sheet. ENB has a lot of debt from acquisitions. ENB's dividend is higher, but less safe. TC is a core investment.

David Baskin
President, Baskin Wealth Management
Price
$67.150
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 29, 2019
(A Top Pick Nov 02/18, Up 39%) He recommended this when the markets were going down. Interest rates are falling, and high yield attracts money to utilities. There is steady growth and there will be a 10% dividend growth. Growth and income at the same time.
TC Energy (TRP-T)
November 29, 2019
(A Top Pick Nov 02/18, Up 39%) He recommended this when the markets were going down. Interest rates are falling, and high yield attracts money to utilities. There is steady growth and there will be a 10% dividend growth. Growth and income at the same time.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$67.820
Owned
Yes
BUY
BUY
November 19, 2019
8 to 10% dividend growth to 2021 and 5-7% thereafter. This is a regulated utility and has the ability to increase prices. You can buy it for a defensive portfolio.
TC Energy (TRP-T)
November 19, 2019
8 to 10% dividend growth to 2021 and 5-7% thereafter. This is a regulated utility and has the ability to increase prices. You can buy it for a defensive portfolio.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$67.930
Owned
Yes
HOLD
HOLD
November 14, 2019
Scarcity value of pipelines has gone way up. You want to own one or two. Good assets. Right-sized balance sheet. Big guys are your safest bet. Buy one, hold for a long time, and collect the dividend. Multiple will be higher in 5 years.
TC Energy (TRP-T)
November 14, 2019
Scarcity value of pipelines has gone way up. You want to own one or two. Good assets. Right-sized balance sheet. Big guys are your safest bet. Buy one, hold for a long time, and collect the dividend. Multiple will be higher in 5 years.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$67.580
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 1, 2019
(A Top Pick Sep 17/18, Up 30%) When he bought this it was a defensive play. When the market sold the utility and pipeline space off, he bought. He still owns it today. It has good upward price momentum and a payout ratio of only 70%. It is highly levered, so be careful from here. He would still be a hold. Yield 4.5%
TC Energy (TRP-T)
November 1, 2019
(A Top Pick Sep 17/18, Up 30%) When he bought this it was a defensive play. When the market sold the utility and pipeline space off, he bought. He still owns it today. It has good upward price momentum and a payout ratio of only 70%. It is highly levered, so be careful from here. He would still be a hold. Yield 4.5%
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$66.390
Owned
Yes
HOLD
HOLD
October 7, 2019
They still have the keystone XL issue but all else is going okay. Investors are drawn to this stock for the yield and growing dividend. It is not a cheap stock anymore. People are driving it up. It is all yield-driven.
TC Energy (TRP-T)
October 7, 2019
They still have the keystone XL issue but all else is going okay. Investors are drawn to this stock for the yield and growing dividend. It is not a cheap stock anymore. People are driving it up. It is all yield-driven.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$68.590
Owned
Unknown
COMMENT
COMMENT
September 13, 2019

The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.

TC Energy (TRP-T)
September 13, 2019

The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$66.020
Owned
_N/A
COMMENT
COMMENT
August 2, 2019
Has owned it for a long time. They've been consolidating by selling off assets, but still has about 23 billion to go in their building program. The dividend has been rising at 7-10% in line with expectation. Good yield and expected growth.
TC Energy (TRP-T)
August 2, 2019
Has owned it for a long time. They've been consolidating by selling off assets, but still has about 23 billion to go in their building program. The dividend has been rising at 7-10% in line with expectation. Good yield and expected growth.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$64.100
Owned
Yes
TOP PICK
TOP PICK
July 24, 2019
One of the largest infrastructure companies in North America. You are being paid to wait for their projects to be completed. Very good value here. Yield 4.6%. (Analysts’ price target is $68.39)
TC Energy (TRP-T)
July 24, 2019
One of the largest infrastructure companies in North America. You are being paid to wait for their projects to be completed. Very good value here. Yield 4.6%. (Analysts’ price target is $68.39)
Michael Sprung
President, Sprung Investment Management
Price
$65.260
Owned
Yes
HOLD
HOLD
July 3, 2019
He no longer owns this. Not that it was a bad company, it was just he held a large proportion of utility holdings. It has some issues on pipelines in development. The recent US asset sell off is a good plan to help rebalance the balance sheet.
TC Energy (TRP-T)
July 3, 2019
He no longer owns this. Not that it was a bad company, it was just he held a large proportion of utility holdings. It has some issues on pipelines in development. The recent US asset sell off is a good plan to help rebalance the balance sheet.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$65.980
Owned
No
COMMENT
COMMENT
June 25, 2019
He has been avoiding the utilities as they get compared to the yield curve. However as the yield curve has narrowed, profitability has increased and the share price this year reflects that. Looking out 5 years, if rates go up it may hurt them.
TC Energy (TRP-T)
June 25, 2019
He has been avoiding the utilities as they get compared to the yield curve. However as the yield curve has narrowed, profitability has increased and the share price this year reflects that. Looking out 5 years, if rates go up it may hurt them.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$64.940
Owned
Unknown
COMMENT
COMMENT
May 28, 2019
This is very much a yield, interest sensitive stock. Interest sensitive stocks have been on a real ride the last while. Transcanada has participated in this ride. Need to look at portfolio to see what percentage you have in other interest sensitive names and may need to trim. Most of the good news is already baked into this name.
TC Energy (TRP-T)
May 28, 2019
This is very much a yield, interest sensitive stock. Interest sensitive stocks have been on a real ride the last while. Transcanada has participated in this ride. Need to look at portfolio to see what percentage you have in other interest sensitive names and may need to trim. Most of the good news is already baked into this name.
Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$66.660
Owned
Unknown
WEAK BUY
WEAK BUY
May 13, 2019
TC Energy vs. Enbridge. He'd own TC Energy. They'll both move the same amount. He's shy of Enbridge because their growth strategy was based on something that didn't exist, always issuing equity and hiking dividends. Doesn't like Enbridge.
TC Energy (TRP-T)
May 13, 2019
TC Energy vs. Enbridge. He'd own TC Energy. They'll both move the same amount. He's shy of Enbridge because their growth strategy was based on something that didn't exist, always issuing equity and hiking dividends. Doesn't like Enbridge.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$63.010
Owned
Unknown
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