Integrys Energy Group Given “Neutral” Rating at Zacks (TEG)
Integrys Energy Group (NYSE:TEG)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a $59.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 4.35% from the company’s current price.
Separately, analysts at McLean Capital Management upgraded shares of Integrys Energy Group from a “sell” rating to a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.50.
Integrys Energy Group (NYSE:TEG) traded up 0.96% on Tuesday, hitting $57.08. 265,315 shares of the company’s stock traded hands. Integrys Energy Group has a 1-year low of $52.08 and a 1-year high of $63.58. The stock’s 50-day moving average is $54.17 and its 200-day moving average is $55.66. The company has a market cap of $4.526 billion and a price-to-earnings ratio of 15.65.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend 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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