Last $17.38 USD
Change Today -0.13 / -0.74%
Volume 1.7M
TE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

teco energy inc (TE) Snapshot

Open
$17.52
Previous Close
$17.51
Day High
$17.53
Day Low
$17.33
52 Week High
06/30/14 - $18.53
52 Week Low
02/6/14 - $16.12
Market Cap
4.1B
Average Volume 10 Days
2.4M
EPS TTM
$1.02
Shares Outstanding
233.4M
EX-Date
08/12/14
P/E TM
17.1x
Dividend
$0.88
Dividend Yield
5.06%
Current Stock Chart for TECO ENERGY INC (TE)

teco energy inc (TE) Related Businessweek News

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teco energy inc (TE) Details

TECO Energy, Inc., an electric and gas utility holding company, is engaged in the regulated electric and gas utility operations. It generates, purchases, transmits, distributes, and sells electric energy to approximately 695,000 retail customers in West Central Florida, as well as to utilities and other resellers of electricity; and has electric generating plants with a winter peak generating capacity of 4,668 megawatts. The company purchases, distributes, and sells gas to approximately 347,000 residential, commercial, industrial, and electric power generating customers in Florida; and has a distribution system that includes approximately 11,600 miles of mains and 6,700 miles of service lines. It also operates surface and underground mines; and produces, processes, and sells bituminous, primarily low sulfur coal of metallurgical, pulverized coal injection, steam, and industrial grades in Eastern Kentucky, Southwestern Virginia, and Tennessee. The company was founded in 1899 and is headquartered in Tampa, Florida.

3,900 Employees
Last Reported Date: 02/28/14
Founded in 1899

teco energy inc (TE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $765.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $460.0K
President of Tampa Electric Company and Presi...
Total Annual Compensation: $535.0K
Chief Legal officer, Senior Vice President an...
Total Annual Compensation: $366.0K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2013.

teco energy inc (TE) Key Developments

TECO Energy Seeks Acquisitions

TECO Energy, Inc. (NYSE:TE) is looking for acquisitions. TECO Energy has filed a shelf registration in the amount of $54.3 million. TECO Energy expects to use the net proceeds from the sale of shares of common stock under the plan for general corporate purposes, which may include repayment of debt, additions to working capital, capital expenditures, investments in subsidiaries, possible acquisitions, joint ventures or other investments and the repurchase, redemption or retirement of securities, including TECO’s common stock.

TECO Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year of 2014

TECO Energy, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported second quarter 2014 net income of $58.4 million, or $0.27 per share, compared with $51.4 million, or $0.24 per share, in the second quarter of 2013. Net income from continuing operations was $58.4 million in the 2014 second quarter, compared with $51.6 million, or $0.24 per share, for the same period in 2013. The 2014 benefit of $3.1 million reported in discontinued operations was related to the favorable resolution of an indemnification provision associated with the 2012 sale of TECO Guatemala. Total revenue was $726.3 million against $735.9 million a year ago. Income from operations was $133.2 million against $119.5 million a year ago. Income before provision for income taxes was $92.8 million against $79.8 million a year ago. Net cash provided by operating activities was $74.1 million against $129.9 million a year ago. Capital expenditures were $184.0 million against $146.6 million a year ago. Non-GAAP income from continuing operations was $61.1 million against $53.4 million a year ago. Total net income attributable to the company was $58.4 million or $0.27 diluted earnings per share against $51.4 million or $0.24 diluted earnings per share a year ago. Those results include $2.7 million of charges related to the acquisition of New Mexico Gas. Excluding those, non-GAAP results were $0.28 per share compared with $0.25 last year. The company's year to date net income was $108.5 million, or $0.50 per share, compared with $92.9 million, or $0.43 per share, in the same period in 2013. Net income from continuing operations was $105.4 million, or $0.49 per share, in the 2013 year to date period, compared with $92.8 million, or $0.43 per share, for the same period in 2013. Year-to-date non-GAAP results from continuing operations, which exclude $4.8 million of costs associated with the pending acquisition of NMGC, were $110.2 million, or $0.51 on a per-share basis, compared with $94.6 million, or $0.44 on a per-share basis in 2013. Total revenue was $1,410.4 million against $1,397.0 million a year ago. Income from operations was $246.3 million against $223.6 million a year ago. Income before provision for income taxes was $166.5 million against $144.2 million a year ago. Net cash provided by operating activities was $261.0 million against $287.8 million a year ago. Capital expenditures were $320.3 million against $249.6 million a year ago. Total net income attributable to the company was $108.5 million or $0.50 diluted earnings per share against $92.9 million or $0.43 diluted earnings per share a year ago. The company expects the Florida regulated utility operations, net of Parent & other, to deliver earnings in a range between $1.00 and $1.05 in 2014, and maintained consolidated 2014 earnings from continuing operations, excluding any non-GAAP charges or gains, in a range between $0.95 and $1.05.

TECO Energy, Inc. Declares Dividend, Payable on August 28, 2014

The board of directors of TECO Energy declared a dividend of 22 cents per share on the company's common stock. The dividend is payable August 28, 2014 to shareholders of record as of August 14, 2014.

 

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Industry Analysis

TE

Industry Average

Valuation TE Industry Range
Price/Earnings 18.0x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 7.5x
TEV/Sales 0.3x
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