Integrys Energy Group (NYSE:TEG) declared a quarterly dividend on Thursday, August 15th, StockRatingsNetwork reports. Investors of record on Friday, August 30th will be given a dividend of $0.68 per share on Friday, September 20th. This represents a $2.72 dividend on an annualized basis and a yield of 4.60%.
A number of research firms have recently commented on TEG. Analysts at Zacks reiterated an “outperform” rating on shares of Integrys Energy Group in a research note to investors on Tuesday, August 6th. They now have a $76.00 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of Integrys Energy Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, June 20th. They now have a $64.00 price target on the stock, up previously from $57.00.
Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $67.67.
Integrys Energy Group (NYSE:TEG) traded down 2.44% during mid-day trading on Thursday, hitting $59.17. The stock had a trading volume of 493,773 shares. Integrys Energy Group has a 1-year low of $51.14 and a 1-year high of $63.58. The stock’s 50-day moving average is $61.06 and its 200-day moving average is $58.74. The company has a market cap of $4.674 billion and a P/E ratio of 15.27.
Integrys Energy Group (NYSE:TEG) last released its earnings data on Monday, August 5th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.12. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $838.23 million. Analysts expect that Integrys Energy Group will post $3.46 EPS for the current fiscal year.
In other Integrys Energy Group news, VP Mark A. Radtke sold 7,660 shares of the company’s stock in a transaction that occured on Thursday, August 1st. The stock was sold at an average price of $63.48, for a total transaction of $486,256.80. The transaction was disclosed in a filing with the SEC, which is available at this link.
Integrys Energy Group, Inc is a diversified energy holding company. The Company’s wholly owned subsidiaries provide products and services in both the regulated and nonregulated energy markets.
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