Stock Analysis: Integrys Energy Group
 Linked here is a PDF copy of my detailed analysis of
Integrys Energy Group (TEG) (
alt.1,
alt.2). Below are some highlights from the above linked analysis:
Company Description: Integrys Energy Group, Inc., through its subsidiaries, operates as a regulated electric and natural gas utility company in the United States and Canada. It purchases, generates, and distributes electric power; and purchases and distributes natural gas.
Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:
- Avg. High Yield Price
- 20-Year DCF Price
- Avg. P/E Price
- Graham Number
TEG is trading at a discount to 1.) and 3.) above. If I exclude the high and low valuations and average the remaining two, TEG is trading at a slight premium. TEG did not earn or lose any Stars in this section.
Dividend Analytical Data: In this section I consider five factors, see page 2 of the linked PDF for a detailed description:
- Rolling 4-yr Div. > 15%
- Dividend Growth Rate
- Years of Div. Growth
- 1-Yr. > 5-Yr Growth
- Payout 15% of avg.
TEG earned two Stars in this section for 3.) and 4.) above. TEG has paid a cash dividend to shareholders every year since 1940 and has increased its dividend payments for 50 consecutive years. It's one year dividend growth rate exceeded its 5-year growth rate. This could indicate the growth rate is accelerating. Last year's dividend payout was 101%, up from 65% in 2006. Since the increase was in excess of 15 points, a Star is deducted, leaving a net of one Star in this section.
Dividend Income vs.
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