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: N/A
- 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
- 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) released its quarterly earnings results on Friday, February, 26th. The company reported $0.38 EPS for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.06. The firm had revenue of $279.40 million for the quarter, compared to the consensus estimate of $298.05 million. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. 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 NextEra Energy (NEE), Duke Energy Corp (DUK), Dominion Resources (D), Southern Co (SO), American Electric Power Company (AEP), PG&E Co. (PCG), PPL Corp (PPL), Edison International (EIX), Consolidated Edison (ED), Korea Electric Power (KEP), Xcel Energy (XEL), WEC Energy Group (WEC), DTE Energy Co (DTE), Entergy (ETR), Ameren Corp (AEE), CMS Energy (CMS), FirstEnergy Corp. (FE) and Huaneng Power International (HNP).
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) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Cleco Corporate Holdings LLC (NYSE:CNL)
(Data available from 5/29/2015 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 LLC (CNL) Chart for Monday, May, 29, 2017