Integrys Energy Group, Inc. (TEG) Declares Quarterly Dividend of $0.68
Integrys Energy Group (NYSE:TEG) declared a quarterly dividend on Thursday, August 14th, AR Network reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.68 per share on Saturday, September 20th. This represents a $2.72 dividend on an annualized basis and a yield of 4.12%.
A number of research firms have recently commented on TEG. 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. On the ratings front, 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 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 0.61% during mid-day trading on Thursday, hitting $66.38. The stock had a trading volume of 366,478 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 $5.279 billion and a P/E ratio of 16.16.
Integrys Energy Group (NYSE:TEG) last announced its earnings results on Wednesday, August 6th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.45 earnings per share. Integrys Energy Group’s revenue was up 28.4% compared to the same quarter last year. On average, analysts predict that Integrys Energy Group will post $3.50 earnings per share for the current fiscal year.
In other Integrys Energy Group news, CFO James F. Schott sold 5,418 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $66.10, for a total value of $358,129.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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