SunTrust Boosts Integrys Energy Group Price Target to $70.00 (TEG)
Equities research analysts at SunTrust increased their price objective on shares of Integrys Energy Group (NYSE:TEG) from $68.00 to $70.00 in a research note issued to investors on Tuesday. SunTrust’s target price would suggest a potential upside of 3.11% from the company’s current price.
A number of other firms have also 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. Separately, 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. Finally, analysts at Edward Jones upgraded shares of Integrys Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $65.50.
Integrys Energy Group (NYSE:TEG) traded down 1.10% during mid-day trading on Tuesday, hitting $67.14. 121,906 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 $71.35. The stock’s 50-day moving average is $67.18 and its 200-day moving average is $61.80. The company has a market cap of $5.340 billion and a price-to-earnings ratio of 16.63.
Integrys Energy Group (NYSE:TEG) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter 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.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, September 20th. Stockholders of record on Friday, August 29th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Wednesday, August 27th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.