Short Term Price Target on TECO Energy (TE)

TECO Energy (NYSE:TE) : Currently there are 3 street experts covering TECO Energy (NYSE:TE) stock. The most bullish and bearish price target for the stock is $28 and $22 respectively for the short term. The average price target of all the analysts comes to $25.67. The estimated standard deviation from the target is $3.21.

TECO Energy, Inc. has dropped 0.11% in the last five trading days, however, the shares have posted positive gains of 0.14% in the last 4 weeks. TECO Energy, Inc. is up 1.13% in the last 3-month period. Year-to-Date the stock performance stands at 5.47%.

TECO Energy (NYSE:TE) : Zacks Investment Research ranks TECO Energy (NYSE:TE) as 3, which is a Hold recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3, which indicates as a Hold.

TECO Energy (NYSE:TE): The stock opened at $27.65 on Thursday 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 $27.64 during the day, due to lack of any buying support eventually closed down at $27.64 with a loss of -0.04% for the day. The stock had closed at $27.65 on the previous day. The total traded volume was 18,305,435 shares.

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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