Analyst Rating Update on TECO Energy (TE)

TECO Energy (NYSE:TE) has an average broker rating of 3, which is interpreted as a Hold, as rated by 7 equity analysts. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

TECO Energy (NYSE:TE) : The highest short term price target forecast on TECO Energy (NYSE:TE) is $28 and the lowest target price is $22. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $25.67 with a standard deviation of $3.21.

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

TECO Energy (NYSE:TE): stock turned positive on Tuesday. Though the stock opened at $27.65, the bulls momentum made the stock top out at $27.68 level for the day. The stock recorded a low of $27.65 and closed the trading day at $27.66, in the green by 0.04%. The total traded volume for the day was 1,215,894. The stock had closed at $27.65 in the previous days trading.

In an insider trading activity,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, 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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