TECO Energy, Inc.
 (TE)

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  • 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
  • Feb. 4, 2015, 10:35 AM
    • TECO Energy (NYSE:TE) declares $0.23/share quarterly dividend, 2.3% increase from prior dividend of $0.22.
    • Forward yield 4.15%
    • Payable March 2; for shareholders of record Feb. 13; ex-div Feb. 11.
    | Feb. 4, 2015, 10:35 AM | 5 Comments
  • Dec. 24, 2014, 9:42 AM
    • TECO Energy (TE +1.2%) says it has agreed to extend the closing date for the sale of its coal mining business by nearly two months.
    • TE said in October that it had agreed to sell TECO Coal and its subsidiaries to Cambrian Coal for $170M.
    • TE says the extension allows it to exit the coal business in a timely manner while still receiving fair value for the unit.
    | Dec. 24, 2014, 9:42 AM
  • Oct. 31, 2014, 7:34 AM
    • TECO Energy (NYSE:TE): Q3 EPS of $0.32 in-line.
    • Revenue of $687.2M (+7.0% Y/Y)
    | Oct. 31, 2014, 7:34 AM
  • Oct. 30, 2014, 5:30 PM
  • Oct. 28, 2014, 3:49 PM
    • TECO Energy (NYSE:TE) declares $0.22/share quarterly dividend, in line with previous.
    • Forward yield 4.54%
    • Payable Nov. 28; for shareholders of record Nov. 13; ex-div Nov. 11.
    | Oct. 28, 2014, 3:49 PM
  • Aug. 13, 2014, 3:06 PM
    • The New Mexico Public Regulation Commission approves TECO Energy’s (TE +0.7%) pending stock acquisition of New Mexico Gas Intermediate, the parent company of New Mexico Gas Co.
    • The vote allows TE to close the purchase within a month or so.
    • TE utility subsidiaries will serve more than 1.5M regulated electric and gas utility customers in Florida and New Mexico.
    | Aug. 13, 2014, 3:06 PM
  • Jul. 31, 2014, 7:49 AM
    • TECO Energy (NYSE:TE): Q2 EPS of $0.28 beats by $0.01.
    • Revenue of $726.32M (-1.3% Y/Y) misses by $28.58M.
    | Jul. 31, 2014, 7:49 AM
Company Description
TECO Energy Inc is an energy-related holding company. The Company, through its subsidiary TEC, is engaged in electric and gas utility operations.
Sector: Utilities
Country: United States