November 29, 2016 - By Peter Erickson · 0 Comments
Toledo Edison Co (NYSE:TE) institutional sentiment decreased to 0.01 in Q2 2016. Its down -0.97, from 0.98 in 2016Q1. The ratio fall, as 135 investment managers started new and increased stock positions, while 138 sold and trimmed equity positions in Toledo Edison Co. The investment managers in our partner’s database now have: 145.50 million shares, down from 156.61 million shares in 2016Q1. Also, the number of investment managers holding Toledo Edison Co in their top 10 stock positions increased from 3 to 5 for an increase of 2. Sold All: 41 Reduced: 97 Increased: 107 New Position: 28.
TECO Energy, Inc. is a holding firm for regulated utilities and other businesses. The company has a market cap of $6.51 billion. TECO Energy holds all of the common stock of Tampa Electric Company (TEC) and through its subsidiary, New Mexico Gas Intermediate, Inc. (NMGI), owns New Mexico Gas Company, Inc. (NMGC). It has a 26 P/E ratio. The Company’s divisions include Tampa Electric, Peoples Gas System (PGS) and NMGC.
The stock closed at $27.64 during the last session. It is down 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
Longfellow Investment Management Co Llc holds 3.83% of its portfolio in TECO Energy, Inc. for 389,180 shares. Water Island Capital Llc owns 2.50 million shares or 3.42% of their US portfolio. Moreover, Huff W R Asset Management Co Llc De has 2.31% invested in the company for 100,045 shares. The North Carolina-based Salem Investment Counselors Inc has invested 2.1% in the stock. Magnetar Financial Llc, a Illinois-based fund reported 3.38 million shares.#img1#
Ratings analysis reveals 0 of Teco Energy Inc.’s analysts are positive. Out of 5 Wall Street analysts rating Teco Energy Inc., 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $20 while the high is $27.55. The stock’s average target of $25.51 is -7.71% below today’s ($27.64) share price. TE was included in 7 notes of analysts from July 21, 2015. The rating was downgraded by Argus Research on Wednesday, September 9 to “Hold”. The firm has “Buy” rating by Zacks given on Tuesday, August 4. The rating was downgraded by Mizuho to “Neutral” on Tuesday, September 8. The firm earned “Neutral” rating on Monday, October 12 by UBS. On Monday, August 24 the stock rating was upgraded by Zacks to “Sell”. As per Tuesday, September 8, the company rating was maintained by BMO Capital Markets.
More notable recent TECO Energy, Inc. (NYSE:TE) news were published by: Wsj.com which released: “Canadian Utility Emera to Buy Teco Energy for $6.5 Billion” on September 04, 2015, also Streetinsider.com with their article: “Emera Announces Closures of $6.5B TECO Energy (TE) Acquisition” published on July 01, 2016, Thestreet.com published: “TECO Energy (TE) Stock Jumps on Emera Deal” on September 08, 2015. More interesting news about TECO Energy, Inc. (NYSE:TE) were released by: Fool.com and their article: “TECO Energy Jumps as Company Explores Sale” published on July 16, 2015 as well as Nasdaq.com‘s news article titled: “TECO Energy, Inc. (TE) Ex-Dividend Date Scheduled for May 12, 2016” with publication date: May 11, 2016.
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By Peter Erickson