Monday, August 31, 2026

TransCanada Already 4% Up, Almost Two Hours Before The Market Open

TransCanada Already 4% Up, Almost Two Hours Before The Market Open

(VIANEWS) - The NYSE opens in less than two hours and TransCanada's pre-market value is already 4.33% up.

TransCanada's last close was $38.20, 35.67% under its 52-week high of $59.38.

The last session, NYSE finished with TransCanada (TRP) jumping 0.21% to $38.20. NYSE slid 1.63% to $14,741.08, following the last session's downward trend on what was an all-around bearish trend exchanging session.

About TransCanada

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

Earnings Per Share

As for profitability, TransCanada has a trailing twelve months EPS of $3.86.

PE Ratio

TransCanada has a trailing twelve months price to earnings ratio of 9.9. Meaning, the purchaser of the share is investing $9.9 for every dollar of annual earnings.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 9.82%.

Dividend Yield

As stated by Morningstar, Inc., the next dividend payment is on Dec 28, 2022, the estimated forward annual dividend rate is 2.69 and the estimated forward annual dividend yield is 6.51%.

Yearly Top and Bottom Value

TransCanada's stock is valued at $38.20 at 08:08 EST, below its 52-week low of $38.35.

More news about TransCanada (TRP).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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