Insider Selling: James F. Schott Sells 5,418 Shares of Integrys Energy Group Stock (TEG)
Integrys Energy Group (NYSE:TEG) CFO James F. Schott sold 5,418 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $66.10, for a total value of $358,129.80. Following the completion of the transaction, the chief financial officer now directly owns 1,126 shares in the company, valued at approximately $74,429. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TEG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Integrys Energy Group in a research note on Friday, August 8th. They now have a $68.00 price target on the stock. Separately, analysts at SunTrust reiterated a “neutral” rating on shares of Integrys Energy Group in a research note on Monday, August 4th. They now have a $68.00 price target on the stock, down previously from $70.00. Finally, analysts at Robert W. Baird downgraded shares of Integrys Energy Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $68.00 price target on the stock, up previously from $64.00. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $65.00.
Integrys Energy Group (NYSE:TEG) traded up 0.55% during mid-day trading on Thursday, hitting $66.34. The stock had a trading volume of 105,457 shares. Integrys Energy Group has a 52-week low of $52.08 and a 52-week high of $71.35. The stock’s 50-day moving average is $68.1 and its 200-day moving average is $60.54. The company has a market cap of $5.276 billion and a price-to-earnings ratio of 16.16.
Integrys Energy Group (NYSE:TEG) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.25. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $723.00 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. On average, analysts predict that Integrys Energy Group will post $3.50 earnings per share for the current fiscal year.
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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