TECO Energy (NYSE:TE) has tumbled 0.11% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.51% in the last four weeks. The company has outperformed the S&P 500 by 1.09% in the past week but underperformed the index by 0.41% in the last 4 weeks.
TECO Energy (NYSE:TE): The stock opened at $27.66 on Friday but the bulls could not build on the opening and the stock topped out at $27.67 for the day. The stock traded down to $27.60 during the day, due to lack of any buying support eventually closed down at $27.63 with a loss of -0.18% for the day. The stock had closed at $27.68 on the previous day. The total traded volume was 1,952,790 shares.
The company shares have rallied 51.07% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $27.83 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $27.63 and the 200 Day Moving Average price is recorded at $27.31.
On the companys insider trading activities, Hudson Sherrill W, director of Teco Energy Inc, unloaded 50,000 shares at an average price of $27.45 on March 1, 2016. The total amount of the transaction was worth $1,372,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 1.4% of TECO Energy shares according to the proxy statements. Institutional Investors own 71.35% of TECO Energy shares. During last six month period, the net percent change held by insiders has seen a change of -18.42%.
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.