Analyst Price Target Update on TECO Energy (NYSE:TE)

TECO Energy (NYSE:TE) shares are expected to touch $25.67 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 3.21. The target price could hit $28 on the higher end and $22 on the lower end.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The director of Teco Energy Inc, Hudson Sherrill W sold 50,000 shares at $27.45 on March 1, 2016. The Insider selling transaction had a total value worth of $1,372,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

TECO Energy (NYSE:TE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.03 points or 0.11% at $27.63 with 1,546,167 shares getting traded. Post opening the session at $27.64, the shares hit an intraday low of $27.61 and an intraday high of $27.675 and the price was in this range throughout the day. The company has a market cap of $6,508 million and the number of outstanding shares have been calculated to be 235,550,000 shares. The 52-week high of TECO Energy (NYSE:TE) is $27.83 and the 52-week low is $17.6.

TECO Energy, Inc. (TECO Energy) is a holding company for regulated utilities and other businesses. TECO Energy owns no operating assets but holds all of the common stock of TEC and its subsidiary, TECO Diversified. Tampa Electric Company, the principal subsidiary of TECO Energy, Inc., has two business segments. Its Tampa Electric division provides retail electric service to more than 706,000 customers in West Central Florida with a net winter system generating capacity of 4,668 Megawatts. Peoples Gas System, the gas division of Tampa Electric Company, is engaged in the purchase, distribution and sale of natural gas for approximately 513,000 residential, commercial, industrial customers in the State of New Mexico. New Mexico Gas Company, Inc., a wholly owned subsidiary of New Mexico Gas Intermediate, Inc., is engaged in the purchase, distribution and sale of natural gas for residential, commercial and industrial customers in New Mexico.

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