TECO Energy (TE) Is Today's Strong And Under The Radar Stock

Trade-Ideas LLC identified TECO Energy ( TE) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified TECO Energy as such a stock due to the following factors:

  • TE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $44.6 million.
  • TE has traded 73.626900000000006230038707144558429718017578125 options contracts today.
  • TE is making at least a new 3-day high.
  • TE has a PE ratio of 29.
  • TE is mentioned 0.84 times per day on StockTwits.
  • TE has not yet been mentioned on StockTwits today.
  • TE is currently in the upper 20% of its 1-year range.
  • TE is in the upper 35% of its 20-day range.
  • TE is in the upper 45% of its 5-day range.
  • TE is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on TE:

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. The stock currently has a dividend yield of 3.3%. TE has a PE ratio of 29. Currently there are no analysts that rate TECO Energy a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for TECO Energy has been 1.6 million shares per day over the past 30 days. TECO Energy has a market cap of $6.3 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.39 and a short float of 1.3% with 1.88 days to cover. Shares are up 1% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates TECO Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance, reasonable valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • TE's revenue growth has slightly outpaced the industry average of 3.1%. Since the same quarter one year prior, revenues slightly increased by 1.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Multi-Utilities industry. The net income increased by 379.3% when compared to the same quarter one year prior, rising from $11.10 million to $53.20 million.
  • Compared to its closing price of one year ago, TE's share price has jumped by 28.98%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • TECO ENERGY INC's earnings per share declined by 12.5% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TECO ENERGY INC increased its bottom line by earning $0.92 versus $0.88 in the prior year. This year, the market expects an improvement in earnings ($1.10 versus $0.92).

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