About Cleco Corporate Holdings LLC (NYSE:CNL)
Cleco Corporate Holdings LLC, formerly Cleco Corporation, is a public utility holding company. The Company's segments include Cleco Power and Other. Cleco Power is a regulated electric utility company that owns over 10 generating units with a total nameplate capacity of approximately 3,330 megawatts (MW) and serves approximately 287,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. The Company, through its subsidiaries, owns one transmission substation in Louisiana and one transmission substation in Mississippi. Cleco Power is engaged in the generation, transmission, distribution and sale of electricity within Louisiana. It owns natural gas pipelines and interconnections at all of its generating facilities, which allow it to access various natural gas supply markets and maintain an economical fuel supply for its customers. The Company holds investments in its subsidiary, Cleco Power LLC (Cleco Power).
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities
- Sub-Industry: Electric Utilities
- Symbol: NYSE:CNL
- CUSIP: 12561W10
- Web: https://www.cleco.com/
- 50 Day Moving Avg: $49.83
- 200 Day Moving Avg: $51.70
- 52 Week Range: $44.78 - $55.37
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -922.67
- P/E Growth: 0.00
- Net Margins: 8.24%
- Return on Equity: 5.05%
- Return on Assets: 1.60%
- Average Volume: 1.37 million shs.
Frequently Asked Questions for Cleco Corporate Holdings LLC (NYSE:CNL)
What is Cleco Corporate Holdings LLC's stock symbol?
Cleco Corporate Holdings LLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNL."
How were Cleco Corporate Holdings LLC's earnings last quarter?
Cleco Corporate Holdings LLC (NYSE:CNL) announced its quarterly earnings results on Friday, February, 26th. The company reported $0.38 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.06. The company earned $279.40 million during the quarter, compared to analyst estimates of $298.05 million. Cleco Corporate Holdings LLC had a net margin of 8.24% and a return on equity of 5.05%. The firm's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. View Cleco Corporate Holdings LLC's Earnings History.
Who are some of Cleco Corporate Holdings LLC's key competitors?
Some companies that are related to Cleco Corporate Holdings LLC include Duke Energy Corporation (DUK), Southern Company (The) (SO), Dominion Energy (D), Exelon Corporation (EXC), American Electric Power Company (AEP), Pacific Gas & Electric Co. (PCG), Consolidated Edison (ED), Edison International (EIX), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), Korea Electric Power Corporation (KEP), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Fortis (FTS), Entergy Corporation (ETR), FirstEnergy Corporation (FE) and Sse Plc (SSE).
Who are Cleco Corporate Holdings LLC's key executives?
Cleco Corporate Holdings LLC's management team includes the folowing people:
- Bruce A. Williamson, Chairman of the Board, President, Chief Executive Officer
- Darren J. Olagues, President of Cleco Power LLC
- Wade A. Hoefling, Senior Vice President, General Counsel, Director – Regulatory Compliance
- Judy P. Miller, Senior Vice President - Corporate Services & Information Technology
- Terry L. Taylor, Chief Accounting Officer, Controller
- Anthony L. Bunting, Vice President - Transmission & Distribution Operations of Cleco Power
- Keith D. Crump, Senior Vice President - Commercial Operations of Cleco Power
- William G. Fontenot, Senior Vice President - Utility Operations of Cleco Power LLC
- Robert R. LaBorde Jr., Vice President - Generation Operations of Cleco Power
- Julia E. Callis, Corporate Secretary, Associate General Counsel
How do I buy Cleco Corporate Holdings LLC stock?
Shares of Cleco Corporate Holdings LLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cleco Corporate Holdings LLC's stock price today?
MarketBeat Community Rating for Cleco Corporate Holdings LLC (NYSE CNL)MarketBeat's community ratings are surveys of what our community members think about Cleco Corporate Holdings LLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cleco Corporate Holdings LLC stock can currently be purchased for approximately $55.36.
Consensus Ratings for Cleco Corporate Holdings LLC (NYSE:CNL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|Consensus Price Target History for Cleco Corporate Holdings LLC (NYSE:CNL)
Analysts' Ratings History for Cleco Corporate Holdings LLC (NYSE:CNL)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|3/29/2016||Ladenburg Thalmann Financial Services||Upgrade||Sell -> Neutral||N/A|
Earnings History for Cleco Corporate Holdings LLC (NYSE:CNL)Earnings History by Quarter for Cleco Corporate Holdings LLC (NYSE CNL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/26/2016||Q415||$0.44||$0.38||$298.05 million||$279.40 million||View||N/A|
|10/28/2015||Q3||$1.03||$0.92||$381.73 million||$345.50 million||View||Listen|
|7/27/2015||Q215||$0.51||$0.53||$317.05 million||$289.10 million||View||Listen|
|4/28/2015||Q1||$0.44||$0.46||$283.05 million||$295.46 million||View||Listen|
|2/27/2015||Q4||$0.59||$0.60||$252.44 million||$304.62 million||View||Listen|
|10/28/2014||Q414||$1.23||$1.17||$340.54 million||$371.39 million||View||Listen|
|7/30/2014||Q413||$0.66||$0.57||$273.94 million||$309.07 million||View||Listen|
|4/28/2014||Q1||$0.43||$0.42||$242.23 million||$284.40 million||View||Listen|
|2/25/2014||Q4||$0.43||$0.41||$256.20 million||$263.11 million||View||Listen|
|7/31/2013||Q2 2013||$0.66||$0.62||$249.46 million||$263.90 million||View||Listen|
|4/29/2013||Q1 2013||$0.48||$0.44||$241.38 million||$240.90 million||View||Listen|
|2/19/2013||Q4 2012||$0.32||$0.36||$249.91 million||$235.10 million||View||Listen|
|10/30/2012||Q312||$0.96||$1.05||$346.20 million||$297.40 million||View||N/A|
Earnings Estimates for Cleco Corporate Holdings LLC (NYSE:CNL)
Current Year EPS Consensus Estimate: $-0.03 EPS
Next Year EPS Consensus Estimate: $-0.06 EPS
Current Dividend Information for Cleco Corporate Holdings LLC (NYSE:CNL)
|Most Recent Dividend:||2/16/2016|
|Dividend Growth:||-34.50% (3 Year Average)|
|Payout Ratio:||0.00% (Based on This Year's Estimates)|
0.00% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Cleco Corporate Holdings LLC (NYSE CNL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cleco Corporate Holdings LLC (NYSE:CNL)Insider Trades by Quarter for Cleco Corporate Holdings LLC (NYSE:CNL)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/3/2016||Keith D Crump||SVP||Sell||17,000||$45.32||$770,440.00|| |
|11/25/2014||Peter M Scott III||Director||Sell||1,500||$53.54||$80,310.00|| |
|3/31/2014||Darren Olagues||Insider||Sell||2,380||$50.68||$120,618.40|| |
|3/27/2014||Judy Miller||SVP||Sell||3,597||$49.70||$178,770.90|| |
|3/4/2014||Keith Crump||SVP||Sell||2,500||$49.30||$123,250.00|| |
|3/3/2014||Robert Laborde, Jr.||VP||Sell||2,000||$49.08||$98,160.00|| |
|3/3/2014||William Fontenot||SVP||Sell||1,500||$49.02||$73,530.00|| |
|3/3/2014||William Marks||Director||Sell||1,290||$48.84||$63,003.60|| |
|8/27/2013||William Walker, Jr.||Director||Sell||11,250||$46.00||$517,500.00|| |
|8/26/2013||William Walker, Jr.||Director||Sell||13,096||$46.00||$602,416.00|| |
Headline Trends for Cleco Corporate Holdings LLC (NYSE:CNL)
Latest Headlines for Cleco Corporate Holdings LLC (NYSE:CNL)
|Cleco Corporate Holdings (CNL) versus NRG Yield (NYLD) Head to Head Contrast|
www.americanbankingnews.com - October 10 at 10:32 AM
|Cleco Corporate Holdings (CNL) vs. Ormat Technologies (ORA) Head-To-Head Survey|
www.americanbankingnews.com - October 2 at 6:20 PM
|NorthWestern Corporation (NWE) versus Cleco Corporate Holdings (CNL) Financial Comparison|
www.americanbankingnews.com - September 29 at 10:03 AM
|Cleco Corporate Holdings (CNL) & FirstEnergy Corporation (FE) Critical Contrast|
www.americanbankingnews.com - September 24 at 10:08 PM
|Financial Contrast: Cleco Corporate Holdings (CNL) and Hawaiian Electric Industries (HE)|
www.americanbankingnews.com - September 11 at 6:44 PM
|Lafayette Public Power Authority, LA -- Moody's affirms A1 rating on Lafayette Public Power Authority, LA electric revenue bonds; outlook stable|
finance.yahoo.com - September 6 at 10:31 PM
|Cleco Announces Commencement of Exchange Offer for its 3.743% Senior Secured Notes due 2026 and 4.973% Senior Secured Notes due 2046|
www.prnewswire.com - March 30 at 2:52 AM
|CLECO CORPORATE HOLDINGS LLC Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - August 11 at 4:28 PM
|CLECO CORPORATE HOLDINGS LLC Files SEC form 8-K, Changes in Registrant's Certifying Accountant|
biz.yahoo.com - July 25 at 10:15 AM
|CLECO CORPORATE HOLDINGS LLC Files SEC form 8-K/A, Change in Directors or Principal Officers|
biz.yahoo.com - July 20 at 2:59 PM
|CLECO CORPORATE HOLDINGS LLC Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - July 19 at 2:32 PM
|CLECO CORPORATE HOLDINGS LLC Files SEC form 8-K, Other Events, Financial Statements and Exhibits|
biz.yahoo.com - July 8 at 9:11 AM
|CFO Moves: Cleco Corporate Holdings|
blogs.wsj.com - July 6 at 9:03 AM
|CLECO CORPORATE HOLDINGS LLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Fin|
biz.yahoo.com - July 1 at 11:02 AM
|Shares of Cleco Corp. Surge 13% After Getting Approval of Sale|
www.fool.com - March 29 at 1:11 PM
|Cleco wins regulator OK for sale to Macquarie-led group|
seekingalpha.com - March 29 at 9:36 AM
|Cleco Trading Higher By 13% Following Sale Approval|
feeds.benzinga.com - March 29 at 8:34 AM
|Cleco -2% as sale to Macquarie still looks shaky|
seekingalpha.com - March 22 at 3:19 PM
Cleco Corporate Holdings LLC (CNL) Chart for Saturday, October, 21, 2017