TECO Energy (NYSE: TE) is one of 82 publicly-traded companies in the “Electric Utilities” industry, but how does it contrast to its peers? We will compare TECO Energy to related businesses based on the strength of its dividends, risk, profitability, analyst recommendations, earnings, institutional ownership and valuation.
Institutional and Insider Ownership
65.5% of shares of all “Electric Utilities” companies are held by institutional investors. 2.7% of shares of all “Electric Utilities” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
This is a breakdown of current ratings and price targets for TECO Energy and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|TECO Energy Competitors||544||2998||2413||43||2.33|
As a group, “Electric Utilities” companies have a potential upside of 11.91%. Given TECO Energy’s peers higher possible upside, analysts clearly believe TECO Energy has less favorable growth aspects than its peers.
TECO Energy pays an annual dividend of $0.92 per share and has a dividend yield of 3.3%. TECO Energy pays out 86.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Electric Utilities” companies pay a dividend yield of 3.3% and pay out 101.9% of their earnings in the form of a dividend. TECO Energy has increased its dividend for 2 consecutive years.
This table compares TECO Energy and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|TECO Energy Competitors||-14.41%||9.19%||2.52%|
Earnings & Valuation
This table compares TECO Energy and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|TECO Energy Competitors||$7.66 billion||$831.80 million||51.63|
TECO Energy’s peers have higher revenue and earnings than TECO Energy. TECO Energy is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
TECO Energy peers beat TECO Energy on 7 of the 9 factors compared.
About TECO Energy
TECO Energy, Inc. (TECO Energy) is a holding company for regulated utilities and other businesses. 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). The Company’s segments include Tampa Electric, Peoples Gas System (PGS) and NMGC. Its Tampa Electric division is engaged in the generation, purchase, transmission, distribution and sale of electric energy. The retail territory served comprises an area of approximately 2,000 square miles in West Central Florida. PGS, the gas division of TEC, is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in the state of Florida. NMGC is engaged in the purchase, distribution and sale of natural gas for residential, commercial and industrial customers in the state of New Mexico.
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