TECO Energy, Inc. (TE) Declares Quarterly Dividend of $0.22
TECO Energy (NYSE:TE) declared a quarterly dividend on Wednesday, July 30th, Stock Ratings Network.com reports. Shareholders of record on Thursday, August 14th will be given a dividend of 0.22 per share on Thursday, August 28th. This represents a $0.88 dividend on an annualized basis and a yield of 4.92%.
A number of analysts have recently weighed in on TE shares. Analysts at CRT Capital raised their price target on shares of TECO Energy from $17.00 to $18.00 in a research note on Thursday, June 26th. They now have a “fair value” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of TECO Energy in a research note on Friday, June 6th. They now have a $18.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of TECO Energy from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.80.
Shares of TECO Energy (NYSE:TE) traded up 0.06% during mid-day trading on Wednesday, hitting $17.89. 245,689 shares of the company’s stock traded hands. TECO Energy has a 52 week low of $16.12 and a 52 week high of $18.53. The stock has a 50-day moving average of $17.92 and a 200-day moving average of $17.28. The company has a market cap of $3.897 billion and a P/E ratio of 18.70.
TECO Energy, Inc (NYSE:TE) is a holding company for regulated utilities and other businesses.
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