TECO Energy, Inc. (TE) - NYSE
  • Sep. 8, 2015, 12:41 PM
    | Sep. 8, 2015, 12:41 PM | 1 Comment
  • Sep. 8, 2015, 9:14 AM
    | Sep. 8, 2015, 9:14 AM | 3 Comments
  • Sep. 4, 2015, 5:36 PM
    • Top gainers, as of 5.25 p.m.: TE +25.0%. OCN +2.0%. KBIO +1.8%. TI +1.4%. ARMH +1.2%.
    • Top losers, as of 5.25p.m.: MNKD -3.2%. HCLP -2.0%. ZG -1.0%. RIG -1.0%. SHPG -0.7%.
    | Sep. 4, 2015, 5:36 PM | 5 Comments
  • Sep. 4, 2015, 5:14 PM
    • TECO Energy (NYSE:TE) +24.1% AH after agreeing to be acquired by Canada-based energy company Emera (OTCPK:EMRAF) in a $10.4B deal, including $3.9B of debt.
    • The $27.55/share price is a 30% premium over today's closing price and a 48% premium based on TE's unaffected closing stock price on July 15, the last trading day prior to news reports regarding the company's strategic review.
    • The companies say the merger creates a North American energy leader with more than $20B of assets and more than 2.4M electric and gas customers.
    | Sep. 4, 2015, 5:14 PM | 18 Comments
  • Aug. 10, 2015, 7:15 PM
    • Macquarie analyst Andrew Weisel makes a bullish case for utilities such as Edison International (NYSE:EIX), American Water Works (NYSE:AWK) and Aqua America (NYSE:WTR), noting that regulated utilities have boosted dividends by a median of 6.4% over the past year despite ambitious capex plans, and valuations look attractive.
    • Weisel prefers growth over yield, emphasizing that utilities with a top-quartile long-term growth outlook consistently outperform those with top-quartile dividend yields; he forecasts the fastest growth for EIX, AWK and WTR, and the slowest for Duke Energy (NYSE:DUK), PPL Corp. (NYSE:PPL) and Teco Energy (NYSE:TE).
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    | Aug. 10, 2015, 7:15 PM | 7 Comments
  • Aug. 5, 2015, 5:43 PM
    • TECO Energy (NYSE:TE): Q2 EPS of $0.27 beats by $0.01.
    • Revenue of $680.6M (+12.4% Y/Y)
    | Aug. 5, 2015, 5:43 PM
  • Jul. 30, 2015, 7:44 AM
    • TECO Energy (NYSE:TE): Q2 EPS of $0.26 misses by $0.01.
    | Jul. 30, 2015, 7:44 AM
  • Jul. 29, 2015, 9:09 AM
    • TECO Energy (NYSE:TE) declares $0.225/share quarterly dividend, in line with previous.
    • Forward yield 4.17%
    • Payable Aug. 28; for shareholders of record Aug. 14; ex-div Aug. 12.
    | Jul. 29, 2015, 9:09 AM | 2 Comments
  • Jul. 16, 2015, 3:55 PM
    • TECO Energy (TE +17.8%) says it is exploring strategic alternatives, as it responds to a spike in the stock ~90 minutes ago caused by a SparkSpread report suggesting the company might be up for sale.
    • TE says it will not make any further statements unless and until it actually enters into a definitive sale agreement.
    • Shares are now active after being halted off and on since ~2:30 ET.
    | Jul. 16, 2015, 3:55 PM
  • Jun. 8, 2015, 10:39 AM
    • TECO Energy (TE -0.2%) says it entered into a non-binding letter of intent with an undisclosed new buyer at an undisclosed price for the sale of all of its interest in coal subsidiary.
    • TE last year agreed to sell TECO Coal to Kentucky-based Cambrian Coal, but the deal fell through because Cambrian could not satisfy the conditions it needed to close by June 5; the sale price initially was set at $170M, but the price later dropped to $140M.
    • TE expects the sale to allow it to focus exclusively on its regulated utilities, Tampa Electric, Peoples Gas and New Mexico Gas.
    | Jun. 8, 2015, 10:39 AM
  • Apr. 29, 2015, 9:11 AM
    • TECO Energy (NYSE:TE) declares $0.225/share quarterly dividend, in line with previous.
    • Forward yield 4.61%
    • Payable May 28; for shareholders of record May 13; ex-div May 11.
    | Apr. 29, 2015, 9:11 AM
  • Apr. 28, 2015, 4:29 PM
    • TECO Energy (NYSE:TE): Q1 EPS of $0.28 in-line.
    • Revenue of $693M (+19.9% Y/Y) beats by $45.32M.
    • Shares -0.6%.
    | Apr. 28, 2015, 4:29 PM
  • Feb. 10, 2015, 11:58 AM
    • TECO Energy (TE +0.3%) is upgraded to Buy from Neutral with a $22 price target, up from $19, at UBS, which says the 7% drop since the Q4 earnings report and reduction in the base price for TECO Coal is overdone.
    • Following the divestiture of the coal business, TE should trade at a premium given its favorable jurisdictions and lack of rate cases on the horizon, the firm believes.
    • UBS also thinks TE's above-average growth rate and size makes it a potential M&A target, "with slower-growth large-cap utilities looking to use their premium currencies."
    | Feb. 10, 2015, 11:58 AM | 3 Comments
  • Feb. 9, 2015, 7:08 AM
    • TECO Energy (NYSE:TE): Q4 EPS of $0.19 misses by $0.02.
    • Revenue of $695.5M (+23.7% Y/Y) beats by $83.46M.
    | Feb. 9, 2015, 7:08 AM
  • Feb. 8, 2015, 5:30 PM
  • Feb. 6, 2015, 5:06 PM
    • Teco Energy (NYSE:TE) tumbled 3.2% today after announcing re-worked terms of the sale of its TECO Coal to Cambrian Coal, knocking $30M off the original purchase price.
    • The amended agreement calls for Cambrian to pay a total of up to $140M, $80M in cash at the closing and a future contingent consideration of $60M if certain coal benchmark prices are met over the next five years.
    • The initial deal struck in October called for TE to receive $170M, but coal market conditions have deteriorated since then.
    | Feb. 6, 2015, 5:06 PM | 1 Comment
Company Description
TECO Energy, Inc. operates as a holding company, which provides retail electric utility services. It operates through the Tampa Electric and People Gas System (PGS) segments. The Tampa Electric segment engages in the generation, purchase, transmission, distribution, and sale of electric energy.... More
Sector: Utilities
Industry: Electric Utilities
Country: United States