tc energy
TC Energy Corporation, formerly known as TransCanada Corporation, is a North American energy company headquartered in Calgary, Alberta. It operates across Canada, the United States, and Mexico, focusing on energy infrastructure with core business segments in Natural Gas Pipelines, Power Generation, and Energy Storage.
The company is a key player in energy delivery, moving over 30% of North America’s daily natural gas supply through its extensive pipeline network. Additionally, TC Energy has a diversified portfolio that includes natural gas pipelines, oil pipelines, power generation, and renewable energy projects.
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Loblaw and TC Energy are leading competitors in their respective markets; look for that to cut your ongoing risk. We see both as attractive buys.
TC ENERGY INC., $89.47, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.04 billion; Market cap: $93.0 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.tcenergy.com) has targeted $28 billion worth of new projects and upgrades through 2030. That includes responding to growth in liquefied natural gas (LNG) exports and demand from expanding datacentres.
TC ENERGY INC., $89.47, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.04 billion; Market cap: $93.0 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.tcenergy.com) has targeted $28 billion worth of new projects and upgrades through 2030. That includes responding to growth in liquefied natural gas (LNG) exports and demand from expanding datacentres.
TC ENERGY INC., $97.70, is a buy. The company (Toronto symbol TRP; Shares o/s: 1.0 billion; Market cap: $101.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.6%; tcenergy.com) now plans to expand its Columbia Gas System, which pumps natural gas across 10 states in the east, Midwest and southeast regions of the U.S.
This new project, called Appalachia Supply Project, will help the Columbia system meet rising demand for gas to power artificial intelligence datacentres.
This new project, called Appalachia Supply Project, will help the Columbia system meet rising demand for gas to power artificial intelligence datacentres.
TC Energy continues to expand its gas pipeline networks to meet rising demand for electricity by artificial intelligence datacentres and rising export demand for liquefied natural gas shipped from B.C. terminals. The improved earnings will also let TC continue to lift your dividend.
The October 2024 spinoff of TC Energy’s oil pipelines business South Bow continues to deliver strong returns for investors: since the split, where TC shareholders received 0.2 of a South Bow share for every share in TC, that former parent company has jumped nearly 60%; South Bow is up an even more impressive 80%.
Both should continue to benefit from their rate-regulated networks, which provide plenty of predictable cash flow for new projects and dividends. For your new buying, however, we feel TC is the better pick.
Both should continue to benefit from their rate-regulated networks, which provide plenty of predictable cash flow for new projects and dividends. For your new buying, however, we feel TC is the better pick.
FINNING INTERNATIONAL INC. $93 (www.finning.com) is a buy. The company sells and services Caterpillar-brand heavy equipment in Western Canada, South America, the U.K. and Ireland. Rising oil and copper prices continue to spur demand for Finning’s products and services. As a result, its earnings in 2026 will probably rise 14% to $4.68 a share and the stock trades at a reasonable 19.9 times that estimate. Finning also raised your quarterly dividend by 7.4% with the June 2026 payment; the new annual rate of $1.30 yields 1.4%. Finning is a buy.
Now focused on natural gas and electricity
TC Energy Corp. $95.85, symbol TRP on Toronto (Shares outstanding: 1.04 billion; Market cap: $99.9 billion; Utilities sector; TSINetwork Rating: Above Average; Dividend yield: 3.6%; www.tcenergy.com) was originally formed in 1951 as TransCanada PipeLines to pump natural gas from Alberta to eastern Canada.
Over the next few decades, the company expanded its operations in Canada and the U.S., including its 1998 acquisition of NOVA Corp.’s pipeline operations.
TC Energy Corp. $95.85, symbol TRP on Toronto (Shares outstanding: 1.04 billion; Market cap: $99.9 billion; Utilities sector; TSINetwork Rating: Above Average; Dividend yield: 3.6%; www.tcenergy.com) was originally formed in 1951 as TransCanada PipeLines to pump natural gas from Alberta to eastern Canada.
Over the next few decades, the company expanded its operations in Canada and the U.S., including its 1998 acquisition of NOVA Corp.’s pipeline operations.
A: TC Energy Inc., $88.30, symbol TRP on Toronto (Shares outstanding: 1.04 billion; Market cap: $91.9 billion; www.tcenergy.com; TSINetwork Rating: Above Average) generates steady cash flow for investors through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. It also owns gas pipelines in Mexico, and owns or invests in seven power plants in Canada and the U.S.
The company has raised its dividend each year between 2000 and 2023. However, in 2024, it cut the quarterly payment by 14.3% after the spinoff of its oil pipeline business as South Bow Corp. (Toronto symbol SOBO).
The company has raised its dividend each year between 2000 and 2023. However, in 2024, it cut the quarterly payment by 14.3% after the spinoff of its oil pipeline business as South Bow Corp. (Toronto symbol SOBO).
BCE INC. $35 (www.bce.ca) is a buy. The company has won a new contract from Canada’s federal government to modernize call centres for Employment and Social Development Canada, the Canada Revenue Agency, and Immigration, Refugees and Citizenship Canada. These upgrades will use artificial intelligence (AI) tools and other software to improve service and provide real-time data to prevent outages. The company has not yet revealed the value of these deals, but each will run for at least five years.
ALGONQUIN POWER & UTILITIES, $9.52, is a buy. The utility (Toronto symbol AQN; Shares outstanding: 768.2 million; Market cap: $7.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.9%; www.algonquinpower.com) completed the sale of its 42.2% ownership stake in Atlantica Sustainable Infrastructure plc in December 2024 for $1.08 billion (all figures except share price and market cap in U.S. dollars). Algonquin also sold its non-regulated renewable energy business to LS Power in January 2025 for up to $2.5 billion. Today, Algonquin focuses entirely on its regulated utilities, which supply electricity, gas, water distribution and wastewater collection services to 32 million customers in Canada, the U.S., Chile and Bermuda.
Pipeline giant TC Energy was forced to cut its dividend after spinning off its oil pipeline business. However, given rising demand for natural gas and the company’s slate of new projects, we believe TC will return to its longstanding practice of providing annual dividend increases.