Tfsa Investors: Top Canadian Energy Stock to Add to Your Portfolio Right Now

TC Energy Corp. (TSX: TRP)

TC Energy (TSX: TRP) is one of Canada’s largest energy infrastructure companies, operating critical natural gas pipelines and power assets across North America. With regulated cash flows, long-life assets, and a ~4.5% dividend yield, TRP is a popular TFSA-friendly income name. Here’s a clean, investor-friendly snapshot of what’s moving the stock this week and why it remains on many long-term radars.

This Week’s Highlights

• Steady market performance: Shares closed at $75.49, hovering near the top of the 52-week range, reflecting resilient sentiment in defensive energy infrastructure.

• Earnings momentum intact: Recent quarters showed positive EPS surprises, supporting confidence in cash-flow stability despite modest near-term growth.

• Income focus: TRP’s regulated pipeline assets and power generation (including Bruce Power) continue to underpin predictable cash flows for dividends.

Key Metrics Snapshot

Metric	Value
Stock Price	$75.49
Weekly Move	+0.69%
Market Cap	$56.9B USD
P/E Ratio	21.1x
Forward P/E	20.0x
52-Week Range	$62.17 – $77.73
YTD Return	+16.9%
Dividend Yield (Fwd.)	4.5%

Analyst Insights

• Consensus Rating: BUY ⭐⭐⭐⭐☆

• Average Target Price: $79.21

• Upside Potential: ~4.9%

• Ratings Breakdown (18 Analysts):

  • Strong Buy: 10

  • Buy: 1

  • Hold: 6

  • Sell: 0

  • Strong Sell: 1

Analysts highlight TRP’s defensive profile, regulated returns, and reliable income—well suited for TFSA investors seeking stability.

Recent News (What Investors Are Watching)

• Pipeline & power stability: Continued focus on optimizing North American gas transmission and long-term power contracts.

• Earnings follow-through: Recent EPS beat helped reinforce confidence after a softer growth period.

• Capital discipline: Ongoing emphasis on balance sheet management and dividend sustainability.

Growth Indicators

Growth Metric	Estimate
Sales Growth (Next Year)	+6.2%
EPS Growth (Next Year)	+8.0%
5-Year EPS Growth (Est.)	~2.3%

Takeaway: TRP isn’t a high-growth story—but it doesn’t need to be. The investment case centers on durable cash flows, modest growth, and reliable income.

Dividend Check

• Forward Yield: 4.5%

• Forward DPS: $3.40

• Payout Ratio: ~103% (watch item, but typical for infrastructure with regulated cash flows)

• TFSA-friendly: Yes — steady income + lower volatility

Bottom Line

TC Energy (TSX: TRP) offers a defensive energy infrastructure play with a solid dividend, modest upside, and relatively low volatility (β ≈ 0.31). For TFSA investors prioritizing income, stability, and essential assets, TRP remains a core consideration—especially during uncertain market cycles.