Teal Linde - BNN - TOP PICK TC ENERGY (TRP TSX)
We've touted TC Energy in the past where we have talked about its attractive seven per cent dividend yield, attractive valuation at 13 times this year's expected earnings, and how the stock only has to rise three per cent to generate a 10 per cent total annual return for shareholders. But this time we'd like to suggest that there is upside coming from analysts moving off their cautious take on the company. Currently, analysts have more holds than buys, but with the most recent quarterly results, the company beat earnings expectations by about 20 per cent, which reflects their overcautiousness. Interestingly, while the analysts have mostly held ratings on the stock, insiders from across the C-Suite and board have bought a sizeable $8 million worth of stock over the last year. The insiders usually know more than the analysts.