Large Inflow of Money Witnessed in TECO Energy

Shares of TECO Energy (NYSE:TE) saw an erosion of -0.07 points in recent session. During the trading, the value of each share was $27.61, dropping -0.25%. The shares saw high fund-flow as the composite value of all the upticks was $5.74 million and the total value of all the downticks was a mere $2.5 million. The net money flow was seen at $3.24 million and the up/down ratio was measured at 2.3. On a weekly basis the shares of the shares have recorded a change of -0.07%.The block trade which occurred today had $3.75 million in upticks and $0.36 million in downticks with the up/down ratio climbing to 10.37. $3.38 million was the net money flow of the block transaction.


The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 0.21%. The company shares have rallied 54.03% in the past 52 Weeks. On April 20, 2016 The shares registered one year high of $27.83 and one year low was seen on June 30, 2015 at $17.6. The 50-day moving average is $27.62 and the 200 day moving average is recorded at $27.34. S&P 500 has rallied 1.93% during the last 52-weeks.

TECO Energy (NYSE:TE): The stock opened at $27.65 on Tuesday but the bulls could not build on the opening and the stock topped out at $27.68 for the day. The stock traded down to $27.60 during the day, due to lack of any buying support eventually closed down at $27.60 with a loss of -0.29% for the day. The stock had closed at $27.68 on the previous day. The total traded volume was 1,437,671 shares.

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%. 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.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.