TECO Energy (NYSE:TE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 7 Brokerage Firm. 7 Brokerage Firms have advised hold.
TECO Energy (NYSE:TE): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $25.67 in TECO Energy (NYSE:TE). However, the stock price could fluctuate by $ 3.21 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $28 price target with the lower price estimate is calculated at $22
TECO Energy (NYSE:TE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.29% or 0.08 points. After the session commenced at $27.65, the stock reached the higher end at $27.68 while it hit a low of $27.6. With the volume soaring to 1,437,671 shares, the last trade was called at $27.6. The company has a 52-week high of $27.83. The company has a market cap of $6,501 million and there are 235,550,000 shares in outstanding. The 52-week low of the share price is $17.6.
TECO Energy, Inc. has dropped 0.18% in the last five trading days, however, the shares have posted positive gains of 0.4% in the last 4 weeks. TECO Energy, Inc. is up 1.42% in the last 3-month period. Year-to-Date the stock performance stands at 5.32%.
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.