Traders Bought Shares of These 3 Energy Stocks After Earnings

TECO Energy Inc. (NYSE:TE) reported its results for the fourth quarter. Net income for the electric utilities company fell to $53.2 million (25 cents per share) vs. $56.7 million (26 cents per share) a year earlier. This is a decline of 6.2% from the year earlier quarter. Revenue fell 3.2% to $750.2 million from the year earlier quarter. TECO Energy Inc. fell short of the mean analyst estimate of 28 cents per share. It fell short of the average revenue estimate of $844.9 million.

“I’m proud of the way our team managed the business in 2011 to overcome unfavorable weather throughout the year at our Florida utilities and changing market conditions at the coal company to produce another year of strong results.”

Competitors to Watch: The Southern Company (NYSE:SO), SCANA Corporation (NYSE:SCG), Progress Energy, Inc. (NYSE:PGN), Cleco Corporation (NYSE:CNL), Duke Energy Corporation (NYSE:DUK), Northeast Utilities System (NYSE:NU), PPL Corporation (NYSE:PPL), NextEra Energy, Inc. (NYSE:NEE), ALLETE, Inc. (NYSE:ALE), and Entergy Corporation (NYSE:ETR).

Wisconsin Energy Corporation (NYSE:WEC) reported its results for the fourth quarter. Net income for the diversified utilities company fell to $116 million (50 cents per share) vs. $125.9 million (54 cents per share) a year earlier. This is a decline of 7.9% from the year earlier quarter. Revenue rose 2.1% to $1.11 billion from the year earlier quarter. Wisconsin Energy Corporation beat the mean analyst estimate of 47 cents per share. Analysts were expecting revenue of $1.1 billion.

“Our sales to large commercial and industrial customers came in better than forecast,” said Gale Klappa, chairman, president, and chief executive. “We expected a decline in sales because of known plant closings in the region. As the year progressed, however, we saw strength in several sectors – including iron ore mining, specialty steel, industrial machinery, and printing and publishing.”

Competitors to Watch: DTE Energy Company (NYSE:DTE), CMS Energy Corporation (NYSE:CMS), Integrys Energy Group, Inc. (NYSE:TEG), The Empire District Electric Co. (NYSE:EDE), Alliant Energy Corporation (NYSE:LNT), Avista Corporation (NYSE:AVA), SCANA Corporation (NYSE:SCG), CH Energy Group, Inc. (NYSE:CHG), Ameren Corporation (NYSE:AEE), and Dominion Resources, Inc. (NYSE:D).

Xcel Energy Inc (NYSE:XEL) reported its results for the fourth quarter.  Net income for Xcel Energy Inc rose to $140.5 million (29 cents per share) vs. $136.6 million (28 cents per share) in the same quarter a year earlier. This marks a rise of 2.8% from the year earlier quarter. Revenue remained constant at $2.57 billion. Xcel Energy Inc fell short of the mean analyst estimate of 30 cents per share. It fell short of the average revenue estimate of $2.75 billion.

“We had an excellent year in 2011,” said Ben Fowke, Chairman, President and Chief Executive Officer. “We delivered earnings in the upper half of our guidance range, which represents the seventh consecutive year in which we have met or exceeded our earnings guidance. We exceeded our energy efficiency and conservation program targets. In addition, we provided excellent customer service and reliability despite severe weather across our service territory during the latter half of the year. Finally, the recent decision by the D.C. Circuit to stay the Cross-State Air Pollution Rule will provide us more time to comply with the rule in a cost-effective manner in Texas, preventing our customers from being burdened by significant cost increases and avoid potential reliability concerns.”

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), ALLETE, Inc. (NYSE:ALE), Alliant Energy Corporation (NYSE:LNT), PNM Resources, Inc. (NYSE:PNM), Black Hills Corporation (NYSE:BKH), Wisconsin Energy Corp. (NYSE:WEC), MGE Energy, Inc. (NASDAQ:MGEE), El Paso Electric Company (NYSE:EE), CMS Energy Corporation (NYSE:CMS), and Duke Energy Corporation (NYSE:DUK).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com