NEW YORK (

TheStreet

) --

Teco Energy

(NYSE:

TE

) hit a new 52-week high Wednesday as it traded at $18.78 compared with its previous 52-Week high of $18.77. Teco Energy is changing hands at $18.78 with 530,989 shares traded as of 12:56 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Teco Energy has a market cap of $3.9 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 3.8% year to date as of the close of trading on Tuesday.

TECO Energy, Inc., through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electric energy in Florida. The company provides retail electric service in West Central Florida. The company has a P/E ratio of 16.4, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Teco Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Teco Energy Ratings Report

.

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