Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Mutual Funds

TECO Energy Stock Hits New 52-Week High (TE)

Tickers in this article: TE

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- TECO Energy (TE">TE) hit a new 52-week high Wednesday as it is currently trading at $18.66, above its previous 52-week high of $18.64 with 722,605 shares traded as of 10:56 a.m. ET. Average volume has been two million shares over the past 30 days.

TECO Energy has a market cap of $4.02 billion and is part of the utilities sector and utilities industry. Shares are up 10.6% year to date as of the close of trading on Tuesday.

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates TECO Energy as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full TECO Energy Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.