NEW YORK, July 23, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on TECO Energy, Inc (NYSE: TE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=TE
Highlights from our TE Report include:
- TECO Energy's Company Peoples Gas Recognized as Leader in Brand Trust -- On July 1, 2015, TECO Energy, Inc (TECO Energy) informed that its Company Peoples Gas which is Florida's largest natural gas distribution utility with more than 350,000 customers, was placed at the top position in country's utilities in brand trust according to a recent trusted brand and customer engagement survey conducted by Cogent Reports, a division of Market Strategies International. The Company added its another Company Tampa Electric, with more than 700,000 customers in West Central Florida, ranked twelfth among electric utilities.
- Management Comments - Commenting on the recognition Bruce Narzissenfeld, Vice President of Customer Service, said, "We are proud to be recognized by our customers as a trusted brand. We work hard to deliver reliable and affordable energy with a strong focus on customer service that exceeds customer expectations."
- Upcoming Second Quarter 2015 Earnings - TECO Energy has also scheduled to release its Q2 2015 financial results on Thursday, July 30, 2015 before the market opens. The earnings release will be followed by a conference on the same day at 9 a.m. ET. wherein Senior Vice President and Chief Financial Officer Sandra Callahan will discuss the Company's second-quarter results and outlook for the remainder of 2015. TECO Energy informed that the webcast will be accessible through its website.
- Good Start in 2015 - Earlier in its Q1 2015 earnings release TECO Energy reported net income of $58.0 million, or $0.25 per share in Q1 2015, compared with $50.1 million, or $0.23 per share, in Q1 2014. Meanwhile Net income from continuing operations stood at $63.8 million, or $0.27 per share, in the Q1 2015 versus $48.4 million, or $0.22 per share, during Q1 2014. In the Q1 release the Company also gave its guidance for 2015 and expects EPS from continuing operations, excluding charges or gains, to range between $1.08 and $1.11 in 2015.
To find out how this influences our rating on TECO Energy, Inc. read the full report in its entirety here: http://www.aciassociation.com/?c=TE
About ACI Association:
Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.
ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.
ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.