Type
|
Subsidiary |
---|---|
Industry | Energy |
Founded | 1899 |
Headquarters | Tampa, Florida, United States |
Key people
|
Gordon Gillette (CEO Tampa Electric Company, and President, Emera Florida Operations) |
Revenue |
|
Net income
|
|
Total assets |
|
Total equity |
|
Number of employees
|
3,200 (Note: Previous publicly reported employee count included New Mexico Gas Company) |
Parent | Emera Incorporated |
Website | www.tecoenergy.com |
Gordon Gillette (CEO Tampa Electric Company, and President, Emera Florida Operations)
T.J. Szelistowski (President Peoples Gas Company
TECO Energy Inc. is an energy-related holding company based in Tampa, Florida, providing electricity to the greater Tampa area and central Florida, and natural gas throughout the state of Florida through its subsidiaries Tampa Electric Company and Peoples Gas Company respectively. Another subsidiary, TECO Services, Inc., provides IT, HR, legal, facilities, and other common services to Tampa Electric, Peoples Gas, and former TECO subsidiary New Mexico Gas Company. On September 4, 2015, Emera, a utility holding company based in Halifax, Nova Scotia, Canada, announced the pending acquisition of TECO Energy. That purchase closed on July 1, 2016, and TECO Energy, Inc. is now a wholly owned subsidiary of Emera, Inc.
In 2000, TECO Energy was fined $3.5 million for making changes to emissions producing facilities without installing new updated pollution controls. This led to the switch from coal to natural gas in one of its plants by 2004 and optimization of pollution controls in another. These changes were enacted to drastically cut emissions, notably sulfur dioxide and nitrogen oxide emissions.
TECO Energy completed a $330 million emissions control project in 2010, which its Big Bend Power Station one of the cleanest coal-fired power plants in the nation. The renovation reduced nitrogen oxide emissions at the plant by approximately 91 percent from levels recorded in 1998.
Since 1998, TECO has invested $1.2 billion in improvements to the company's systems, including the re-powering of the previously coal-fired Bayside Power Station to natural gas and the addition of pollution controls on a second, reducing sulfur dioxide and nitrogen oxide emissions by more than 91 percent and carbon dioxide levels by 20 percent from 1998 levels.
On September 28, 2017, TECO announced it was adding 600 MW of solar to its electricity-producing portfolio.
2016-05-25 | Reiterated Rating | Argus | Hold | |
2015-09-09 | Downgrade | Argus | Buy to Hold | |
2015-09-08 | Reiterated Rating | BMO Capital Markets | Market Perform | $27.00 |
2015-09-08 | Downgrade | Mizuho | Buy to Neutral | $24.00 to $27.50 |
2015-07-20 | Reiterated Rating | SunTrust | Hold | $18.00 to $20.00 |
2015-07-20 | Boost Price Target | Macquarie | Neutral | $20.00 to $21.50 |
2015-07-20 | Boost Price Target | Evercore ISI | Hold | $22.00 |
2015-07-20 | Reiterated Rating | SunTrust Banks Inc. | Hold | $18.00 to $20.00 |
2015-07-17 | Upgrade | Mizuho | Neutral to Buy | $19.00 to $24.00 |
2015-06-08 | Lower Price Target | SunTrust | Neutral | $19.00 to $18.00 |
2015-05-15 | Reiterated Rating | Credit Suisse | Neutral | $18.50 to $20.00 |
2015-05-15 | Reiterated Rating | Credit Suisse Group AG | Neutral | $18.50 to $20.00 |
2015-05-14 | Initiated Coverage | Credit Agricole | Neutral | $18.50 to $20.00 |
2015-05-14 | Initiated Coverage | Credit Agricole SA | Neutral | $18.50 to $20.00 |
2015-05-04 | Reiterated Rating | Barclays | Equal Weight | $22.00 to $20.00 |
2015-05-04 | Reiterated Rating | Barclays PLC | Equal Weight | $22.00 to $20.00 |
2015-04-23 | Initiated Coverage | Mizuho | Neutral | $19.00 |
2015-04-22 | Initiated Coverage | Guggenheim | Neutral | |
2015-03-23 | Reiterated Rating | SunTrust | Hold | $19.00 to $20.00 |
2015-02-05 | Boost Price Target | Barclays | Equal Weight | $18.00 to $22.00 |
2014-10-23 | Upgrade | Argus | Hold to Buy | $22.00 |
2014-10-21 | Upgrade | Macquarie | Underperform to Neutral | $16.00 to $18.00 |
2014-10-21 | Upgrade | Barclays | Underweight to Equal Weight | $17.00 to $18.00 |
2014-09-29 | Reiterated Rating | Deutsche Bank | Hold | $19.00 to $18.00 |
2014-09-29 | Reiterated Rating | Deutsche Bank AG | Hold | $19.00 to $18.00 |
2014-09-15 | Reiterated Rating | SunTrust | Neutral | $18.00 to $17.00 |
2014-09-09 | Initiated Coverage | Citigroup Inc. | Neutral | $19.00 |
2014-06-26 | Boost Price Target | CRT Capital | Fair Value | $17.00 to $18.00 |
2014-05-12 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-04-23 | Reiterated Rating | Deutsche Bank | Hold | $19.00 |
2014-01-31 | Downgrade | Wolfe Research | Market Perform to Underperform | |
2014-01-31 | Lower Price Target | BMO Capital Markets | $18.00 to $17.00 | |
2014-01-06 | Downgrade | Macquarie | Neutral to Underperform | |
2013-12-11 | Reiterated Rating | Deutsche Bank | Hold | $17.00 to $18.00 |
2013-11-05 | Initiated Coverage | CRT Capital | Fair Value | |
2013-10-07 | Initiated Coverage | Ameriprise Financial | Buy | |
2013-10-02 | Boost Price Target | Deutsche Bank | Hold | $16.50 to $17.00 |
2013-05-10 | Upgrade | Williams Capital Group | Perform to Outperform | $19 to $21 |
2012-12-12 | Reiterated | UBS | Sell | $16 to $15 |
2011-12-15 | Upgrade | Deutsche Bank | Sell to Hold | $16 to $17 |
2011-02-07 | Downgrade | Hilliard Lyons | Buy to Neutral | |
2011-01-06 | Upgrade | UBS | Neutral to Buy | $17 to $20 |
2010-07-26 | Downgrade | FBR Capital | Outperform to Mkt Perform | $17 to $17 |
2010-03-23 | Initiated | FBR Capital | Mkt Perform | |
2010-02-24 | Initiated | Deutsche Bank | Sell | |
2010-02-08 | Reiterated | RBC Capital Mkts | Underperform | $15 to $16 |
2016-05-25 | Reiterated Rating | Argus | Hold | |
2015-09-09 | Downgrade | Argus | Buy to Hold | |
2015-09-08 | Reiterated Rating | BMO Capital Markets | Market Perform | $27.00 |
2015-09-08 | Downgrade | Mizuho | Buy to Neutral | $24.00 to $27.50 |
2015-07-20 | Reiterated Rating | SunTrust | Hold | $18.00 to $20.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In TE 19 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
MANAGED ACCOUNT ADVISORS LLC | 0.85M |
CITY NATIONAL BANK | 0.65M |
Gary Goldberg Planning Services Inc | 0.46M |
GREEN ARROW CAPITAL MANAGEMENT LLC | 0.28M |
RUSSELL FRANK CO/ | 0.12M |
Placemark Investments, Inc. | 0.10M |
BAIRD ROBERT W & CO INC /WI/ | 39702 |
VTL Associates, LLC | 24824 |
VSR Financial Services, Inc. | 17939 |
SHAPIRO ROBERT N | 13462 |
Dominick & Dominick LLC | 10500 |
NEW ENGLAND SECURITIES CORP /MA/ | 3779 |
BOSTON PRIVATE BANK & TRUST CO | 2394 |
GUARDIAN INVESTOR SERVICES LLC | 1623 |
Pinnacle Summer Investments, Inc. | 1150 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Brown Deirdre A Sr. VP-Corporate Strategy | 0.04% (88636) | TE / |
Taylor Clark President-TECO Coal Corp. | 0.02% (56021) | TE / |
AUSLEY DUBOSE | 0.01% (34439) | CCBG / HURN / TE / |