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Last $20.87 USD
Change Today +0.05 / 0.24%
Volume 2.5M
TE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

teco energy inc (TE) Snapshot

Open
$20.96
Previous Close
$20.82
Day High
$20.96
Day Low
$20.68
52 Week High
08/17/15 - $22.45
52 Week Low
09/26/14 - $16.98
Market Cap
4.9B
Average Volume 10 Days
2.9M
EPS TTM
$1.04
Shares Outstanding
235.2M
EX-Date
08/12/15
P/E TM
20.0x
Dividend
$0.90
Dividend Yield
4.29%
Current Stock Chart for TECO ENERGY INC (TE)

teco energy inc (TE) Related Businessweek News

No Related Businessweek News Found

teco energy inc (TE) Details

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. It generates, purchases, transmits, distributes, and sells electric energy to retail customers, as well as to utilities and other resellers of electricity in West Central Florida; and has electric generating plants with a winter peak generating capacity of 4,668 megawatts. The company purchases, distributes, and sells gas to residential, commercial, industrial, and electric power generating customers in Florida; and has a distribution system that includes approximately 11,740 miles of mains and 6,800 miles of service lines. It also distributes natural gas primarily to residential customers in 23 counties of New Mexico; and operates 11,800 miles of pipeline, including approximately 1,600 miles of transmission pipeline and 10,200 miles of distribution lines. As of February 9, 2015, the company served approximately 700,000 electric customers in West Central Florida; 350,000 gas customers in Florida; and 513,000 gas customers in New Mexico. The company was founded in 1899 and is headquartered in Tampa, Florida.

4,400 Employees
Last Reported Date: 02/27/15
Founded in 1899

teco energy inc (TE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $785.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $475.0K
President of Tampa Electric Company and Presi...
Total Annual Compensation: $546.0K
Chief Legal Officer, Chief Ethics & Complianc...
Total Annual Compensation: $380.0K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $332.0K
Compensation as of Fiscal Year 2014.

teco energy inc (TE) Key Developments

TECO Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

TECO Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2015. The company reported second-quarter 2015 net income of $11.8 million, or $0.05 per share, compared with $58.4 million, or $0.27 per share, in the second quarter of 2014. Revenues were $680.6 million against $605.7 million a year ago.        Year-to-date net income was $69.8 million, or $0.30 per share, compared with net income of $108.5 million, or $0.50 per share in the 2014 period. Revenues were $1,373.6 million against $1,183.7 million a year ago.

TECO Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015

TECO Energy, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Non-GAAP results from continuing operations, which exclude $0.4 million of costs associated with the integration of New Mexico Gas Co. (NMGC), were $61.9 million, or $0.26 on a per-share basis, compared with $60.3 million, or $0.28 on a per share basis in 2014. GAAP results from continuing operations were $61.5 million, or $0.26 per share, compared to $57.6 million, or $0.27 per share in 2014. Year-to-date non-GAAP results from continuing operations, which exclude $1.0 million of costs associated with the integration of NMGC, were $126.3 million, or $0.54 on a per-share basis, compared with $110.8 million, or $0.51 on a per-share basis in 2014. Year-to-date GAAP results from continuing operations were $125.3 million, or $0.53 per share, compared to $106.0 million, $0.49 per share. The company expects to deliver consolidated earnings from continuing operations in a range between $1.08 and $1.11 in 2015, excluding any non-GAAP charges or gains. The company expects earnings in 2015 to be driven by the factors discussed in previous filings with the SEC.

TECO Energy Declares Quarterly Dividend on its Common Stock, Payable on August 28, 2015

At its meeting held on July 29, 2015, the board of directors of TECO Energy declared a quarterly dividend of 22.5 cents per share on the company’s common stock. The dividend is payable August 28, 2015 to shareholders of record as of August 14, 2015.

 

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Industry Analysis

TE

Industry Average

Valuation TE Industry Range
Price/Earnings 21.5x
Price/Sales 1.8x
Price/Book 1.9x
Price/Cash Flow 11.4x
TEV/Sales 0.3x
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