Integrys Energy Group Upgraded by McLean Capital Management to Neutral (TEG)
Integrys Energy Group (NYSE:TEG) was upgraded by stock analysts at McLean Capital Management from a “sell” rating to a “neutral” rating in a report issued on Friday, American Banking and Market News reports.
Separately, analysts at Barclays initiated coverage on shares of Integrys Energy Group in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $56.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.25.
Integrys Energy Group (NYSE:TEG) traded up 0.85% during mid-day trading on Friday, hitting $56.73. 497,512 shares of the company’s stock traded hands. Integrys Energy Group has a one year low of $52.08 and a one year high of $63.58. The stock’s 50-day moving average is $53.98 and its 200-day moving average is $55.85. The company has a market cap of $4.498 billion and a P/E ratio of 15.57.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Wednesday, February 26th.
Integrys Energy Group, Inc is a diversified energy holding company. The Company’s wholly owned subsidiaries provide products and services in both the regulated and nonregulated energy markets.
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