TECO Energy Rating Increased to Buy at Williams Capital (TE)
TECO Energy (NYSE: TE) was upgraded by equities research analysts at Williams Capital from a “market perform” rating to a “buy” rating in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a $21.00 price target on the stock, up from their previous price target of $19.00.
A number of other analysts have also recently weighed in on TE. Analysts at Barclays Capital raised their price target on shares of TECO Energy from $16.00 to $18.00 in a research note to investors on Tuesday, April 23rd. They now have an “underweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TECO Energy in a research note to investors on Monday, April 22nd. They now have a $19.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of TECO Energy in a research note to investors on Wednesday, April 17th. They now have a $17.00 price target on the stock.
Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.75.
Shares of TECO Energy (NYSE: TE) traded up 0.49% during mid-day trading on Friday, hitting $18.54. TECO Energy has a one year low of $16.12 and a one year high of $19.15. The stock’s 50-day moving average is currently $18.32. The company has a market cap of $3.979 billion and a P/E ratio of 19.50.
TECO Energy (NYSE: TE) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02. The company had revenue of $661.10 million for the quarter, compared to the consensus estimate of $685.59 million. During the same quarter last year, the company posted $0.24 earnings per share. TECO Energy’s revenue was down 5.2% compared to the same quarter last year. TECO Energy has set its FY13 guidance at $0.90-1.00 EPS. Analysts expect that TECO Energy will post $0.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 9th.
TECO Energy, Inc. (NYSE: TE) is a holding company for regulated utilities and other businesses.
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