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Last $22.12 USD
Change Today +0.38 / 1.75%
Volume 3.5M
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

teco energy inc (TE) Snapshot

Open
$21.78
Previous Close
$21.74
Day High
$22.24
Day Low
$21.78
52 Week High
07/31/15 - $22.24
52 Week Low
08/6/14 - $16.91
Market Cap
5.2B
Average Volume 10 Days
2.9M
EPS TTM
$1.04
Shares Outstanding
235.1M
EX-Date
08/12/15
P/E TM
21.2x
Dividend
$0.90
Dividend Yield
4.02%
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 Confirms Strategic Options

TECO Energy, Inc. (NYSE:TE) intends to explore strategic options. In response to the market rumors, TECO confirmed that it is exploring strategic alternatives. The company has hired Morgan Stanley & Co. LLC to advise in connection with exploring such strategic alternatives.

TECO Energy Considering Multiple Strategic Alternatives

TECO Energy, Inc. (NYSE:TE) is considering multiple strategic alternatives. TECO Energy, Inc. not to confirm or deny market rumors, in response to media reports concerning a potential sale of the company, the company confirmed that it is exploring strategic alternatives. TECO Energy has retained Morgan Stanley & Co. LLC to advise the company in connection with exploring such strategic alternatives. Given the preliminary nature of this exploration, neither the company nor any of its representatives will be providing any additional comments at this time. No assurance can be given that the company will determine to pursue a potential sale or enter into any definitive sale agreement. The company does not intend to make any further press release or announcement regarding these matters unless and until it enters into a binding, definitive agreement with respect to a sale.

TECO Energy Reportedly Up For Sale

TECO Energy, Inc. (NYSE:TE) is reportedly up for sale. TECO Energy put itself up for sale, SparkSpread reported. TECO Energy has quietly put itself up for sale and hired Morgan Stanley as an adviser, according SparkSpread, citing industry sources.

 

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TE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Solar Inc $44.30 USD -1.01
Newfield Exploration Co $32.79 USD -0.57
NuStar Energy LP $56.57 USD +0.26
OGE Energy Corp $29.76 USD +0.31
Westar Energy Inc $37.65 USD +0.34
View Industry Companies
 

Industry Analysis

TE

Industry Average

Valuation TE Industry Range
Price/Earnings 22.8x
Price/Sales 1.9x
Price/Book 2.0x
Price/Cash Flow 11.2x
TEV/Sales 0.5x
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