Morgan Stanley Sees TC Energy as Strong Nuclear Investment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: CNBC
- Nuclear Investment Opportunity: Morgan Stanley has given TC Energy an 'overweight' rating, highlighting its 48% stake in Bruce Power as an attractive way to invest in nuclear energy, particularly as Ontario's power needs grow.
- Nuclear Growth Potential: In 2024, nuclear reactors generated 2,667 terawatt-hours of electricity, surpassing previous records, indicating a resurgence in nuclear energy, from which TC Energy is poised to benefit through its MCR and Bruce C projects.
- MCR Project Progress: TC Energy's MCR program aims to refurbish nuclear reactors to extend their lifespan, having completed the first phase of its plan over two years ago, demonstrating the company's commitment to enhancing the longevity of its nuclear facilities.
- Bruce C Project Expansion: Under the Bruce C initiative, TC Energy plans to add up to 4,800 megawatts of capacity at the Bruce Power site in Ontario, further solidifying its position in the nuclear energy market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TRP?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TRP
Wall Street analysts forecast TRP stock price to fall
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 60.620
Low
53.31
Averages
60.39
High
78.00
Current: 60.620
Low
53.31
Averages
60.39
High
78.00
About TRP
TC Energy Corporation is an energy problem-solver working to move, generate and store energy and deliver it to homes and businesses in North America. The Company operates in two core businesses, including Natural Gas Pipelines and Power and Energy Solutions. Its natural gas pipeline network transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals and other businesses across Canada, the U.S. and Mexico. The Power and Energy Solutions business consists of power generation, non-regulated natural gas storage assets, as well as lower-carbon solutions. Its Power and Energy Solutions business includes approximately 4,650 megawatts (MW) of generation powered by nuclear, natural gas, wind and solar. Its natural gas pipelines business is split into three operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Morgan Stanley Sees TC Energy as Strong Nuclear Investment
- Nuclear Investment Opportunity: Morgan Stanley has given TC Energy an 'overweight' rating, highlighting its 48% stake in Bruce Power as an attractive way to invest in nuclear energy, particularly as Ontario's power needs grow.
- Nuclear Growth Potential: In 2024, nuclear reactors generated 2,667 terawatt-hours of electricity, surpassing previous records, indicating a resurgence in nuclear energy, from which TC Energy is poised to benefit through its MCR and Bruce C projects.
- MCR Project Progress: TC Energy's MCR program aims to refurbish nuclear reactors to extend their lifespan, having completed the first phase of its plan over two years ago, demonstrating the company's commitment to enhancing the longevity of its nuclear facilities.
- Bruce C Project Expansion: Under the Bruce C initiative, TC Energy plans to add up to 4,800 megawatts of capacity at the Bruce Power site in Ontario, further solidifying its position in the nuclear energy market.
See More
TC Energy to Host Q1 Financial Results Teleconference
- Teleconference Announcement: TC Energy will hold a teleconference on May 1, 2026, to discuss its Q1 financial results, which is expected to positively influence investor confidence.
- Annual Meeting Notification: The company will conduct its annual shareholders' meeting on May 7, 2026, in a virtual format, likely attracting greater shareholder participation and enhancing governance transparency.
- Investor Participation Options: Investors can join the meeting by calling designated numbers or registering online, receiving a unique PIN to streamline the process and improve the investor experience.
- Information Disclosure Channels: TC Energy has published its 2026 Management Information Circular on its website and SEDAR+, ensuring shareholders have access to the latest meeting and proxy materials, thereby enhancing information transparency.
See More
TC Energy to Host Q1 Financial Results Call and Annual Meeting
- Financial Results Call: TC Energy will hold a teleconference on May 1, 2026, to discuss its Q1 financial results, where executives will share insights that are expected to positively influence investor confidence.
- Annual Shareholder Meeting: The 2026 annual meeting is scheduled for May 7, conducted virtually, which is anticipated to attract broad shareholder participation and enhance interaction between the company and its investors.
- Investor Participation Options: Investors can join the call by dialing specified numbers or pre-registering for a unique PIN, streamlining the participation process and improving engagement during the meeting.
- Transparency in Information Disclosure: The company has published its Management Information Circular on its website and related platforms, ensuring shareholders have access to meeting business information, reflecting its commitment to transparency and shareholder rights.
See More
Analysis of TC Energy Options Contracts
- Put Option Appeal: The current bid for the $62.50 put option is 30 cents, and if an investor sells this contract, they commit to buying the stock at $62.50, effectively lowering their cost basis to $62.20, which is approximately a 2% discount from the current price of $63.98, making it attractive for those interested in TRP shares.
- Yield Potential Analysis: Should the put option expire worthless, it would yield a 0.48% return on cash commitment, or an annualized yield of 2.11%, referred to as YieldBoost, highlighting the potential profitability of this strategy.
- Call Option Returns: The $65.00 call option has a current bid of 15 cents, and if an investor buys TRP shares at $63.98 and sells this call, they could achieve a total return of 1.83% if the stock is called away at expiration, showcasing the profit potential of this approach.
- Risk Assessment: Current analytics indicate a 60% chance that the $62.50 put option will expire worthless, while the $65.00 call option has a 54% chance of doing the same, suggesting that investors must carefully evaluate the balance of risk and reward when selecting their options strategies.
See More
TC Energy Signs Agreements with LNG Canada to Advance Coastal GasLink Phase 2
- Project Milestone: TC Energy announced the signing of commercial agreements with LNG Canada, marking an important milestone for the Coastal GasLink Phase 2 project, which still requires a final investment decision from LNG Canada and its joint venture partners.
- Commercial Framework Established: The agreements create a comprehensive commercial framework that supports LNG Canada's pathway to a final investment decision by facilitating front-end engineering and design, as well as subsequent execution activities while maintaining disciplined capital, risk, and governance principles.
- Enhanced Gas Transmission: TC Energy President and CEO François Poirier stated that doubling the transmission capacity of natural gas through the existing pipeline will further strengthen Canada's role as a reliable supplier to global LNG markets.
- Economic Transformation Opportunity: Poirier highlighted that increasing LNG exports presents an extraordinary opportunity to transform the economy and position Canada as the number one LNG exporter to Asia, particularly in light of disruptions to global liquefied natural gas supplies caused by the Middle East conflict.
See More
Energy Stocks Stand Out Amid Oil Price Volatility
- Oil Price Impact: Brent crude prices have surged back above $100 per barrel, reflecting the market's heightened sensitivity to geopolitical news, and while there have been short-term pullbacks, supply disruptions keep prices elevated, creating uncertainty for investors.
- Large Energy Stock Advantage: In the current turbulent market environment, established firms like Chevron, Kinder Morgan, and TC Energy stand out as ideal choices for investors seeking stability due to their strong market positions and reliable dividend payouts amidst oil and gas price fluctuations.
- Importance of Dividends: In uncertain market conditions, dividend-paying stocks provide a steady income source, allowing investors to buffer against price swings, which is especially valuable when short-term price movements are unpredictable.
- Future Growth Potential: The diversified operations and strong cash flows of Chevron, Kinder Morgan, and TC Energy position them well to withstand future market volatility, with expectations for continued reliable dividends and potential capital appreciation opportunities.
See More
Morgan Stanley Sees TC Energy as Strong Nuclear Investment
- Nuclear Investment Opportunity: Morgan Stanley has given TC Energy an 'overweight' rating, highlighting its 48% stake in Bruce Power as an attractive way to invest in nuclear energy, particularly as Ontario's power needs grow.
- Nuclear Growth Potential: In 2024, nuclear reactors generated 2,667 terawatt-hours of electricity, surpassing previous records, indicating a resurgence in nuclear energy, from which TC Energy is poised to benefit through its MCR and Bruce C projects.
- MCR Project Progress: TC Energy's MCR program aims to refurbish nuclear reactors to extend their lifespan, having completed the first phase of its plan over two years ago, demonstrating the company's commitment to enhancing the longevity of its nuclear facilities.
- Bruce C Project Expansion: Under the Bruce C initiative, TC Energy plans to add up to 4,800 megawatts of capacity at the Bruce Power site in Ontario, further solidifying its position in the nuclear energy market.
See More
TC Energy to Host Q1 Financial Results Teleconference
- Teleconference Announcement: TC Energy will hold a teleconference on May 1, 2026, to discuss its Q1 financial results, which is expected to positively influence investor confidence.
- Annual Meeting Notification: The company will conduct its annual shareholders' meeting on May 7, 2026, in a virtual format, likely attracting greater shareholder participation and enhancing governance transparency.
- Investor Participation Options: Investors can join the meeting by calling designated numbers or registering online, receiving a unique PIN to streamline the process and improve the investor experience.
- Information Disclosure Channels: TC Energy has published its 2026 Management Information Circular on its website and SEDAR+, ensuring shareholders have access to the latest meeting and proxy materials, thereby enhancing information transparency.
See More
TC Energy to Host Q1 Financial Results Call and Annual Meeting
- Financial Results Call: TC Energy will hold a teleconference on May 1, 2026, to discuss its Q1 financial results, where executives will share insights that are expected to positively influence investor confidence.
- Annual Shareholder Meeting: The 2026 annual meeting is scheduled for May 7, conducted virtually, which is anticipated to attract broad shareholder participation and enhance interaction between the company and its investors.
- Investor Participation Options: Investors can join the call by dialing specified numbers or pre-registering for a unique PIN, streamlining the participation process and improving engagement during the meeting.
- Transparency in Information Disclosure: The company has published its Management Information Circular on its website and related platforms, ensuring shareholders have access to meeting business information, reflecting its commitment to transparency and shareholder rights.
See More
Analysis of TC Energy Options Contracts
- Put Option Appeal: The current bid for the $62.50 put option is 30 cents, and if an investor sells this contract, they commit to buying the stock at $62.50, effectively lowering their cost basis to $62.20, which is approximately a 2% discount from the current price of $63.98, making it attractive for those interested in TRP shares.
- Yield Potential Analysis: Should the put option expire worthless, it would yield a 0.48% return on cash commitment, or an annualized yield of 2.11%, referred to as YieldBoost, highlighting the potential profitability of this strategy.
- Call Option Returns: The $65.00 call option has a current bid of 15 cents, and if an investor buys TRP shares at $63.98 and sells this call, they could achieve a total return of 1.83% if the stock is called away at expiration, showcasing the profit potential of this approach.
- Risk Assessment: Current analytics indicate a 60% chance that the $62.50 put option will expire worthless, while the $65.00 call option has a 54% chance of doing the same, suggesting that investors must carefully evaluate the balance of risk and reward when selecting their options strategies.
See More
TC Energy Signs Agreements with LNG Canada to Advance Coastal GasLink Phase 2
- Project Milestone: TC Energy announced the signing of commercial agreements with LNG Canada, marking an important milestone for the Coastal GasLink Phase 2 project, which still requires a final investment decision from LNG Canada and its joint venture partners.
- Commercial Framework Established: The agreements create a comprehensive commercial framework that supports LNG Canada's pathway to a final investment decision by facilitating front-end engineering and design, as well as subsequent execution activities while maintaining disciplined capital, risk, and governance principles.
- Enhanced Gas Transmission: TC Energy President and CEO François Poirier stated that doubling the transmission capacity of natural gas through the existing pipeline will further strengthen Canada's role as a reliable supplier to global LNG markets.
- Economic Transformation Opportunity: Poirier highlighted that increasing LNG exports presents an extraordinary opportunity to transform the economy and position Canada as the number one LNG exporter to Asia, particularly in light of disruptions to global liquefied natural gas supplies caused by the Middle East conflict.
See More
Energy Stocks Stand Out Amid Oil Price Volatility
- Oil Price Impact: Brent crude prices have surged back above $100 per barrel, reflecting the market's heightened sensitivity to geopolitical news, and while there have been short-term pullbacks, supply disruptions keep prices elevated, creating uncertainty for investors.
- Large Energy Stock Advantage: In the current turbulent market environment, established firms like Chevron, Kinder Morgan, and TC Energy stand out as ideal choices for investors seeking stability due to their strong market positions and reliable dividend payouts amidst oil and gas price fluctuations.
- Importance of Dividends: In uncertain market conditions, dividend-paying stocks provide a steady income source, allowing investors to buffer against price swings, which is especially valuable when short-term price movements are unpredictable.
- Future Growth Potential: The diversified operations and strong cash flows of Chevron, Kinder Morgan, and TC Energy position them well to withstand future market volatility, with expectations for continued reliable dividends and potential capital appreciation opportunities.
See More
