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Last $54.52 USD
Change Today +0.06 / 0.11%
Volume 293.1K
CNL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

cleco corporation (CNL) Snapshot

Open
$54.40
Previous Close
$54.46
Day High
$54.64
Day Low
$54.37
52 Week High
07/1/14 - $59.21
52 Week Low
10/15/14 - $46.11
Market Cap
3.3B
Average Volume 10 Days
480.6K
EPS TTM
$2.66
Shares Outstanding
60.5M
EX-Date
02/6/15
P/E TM
20.5x
Dividend
$1.60
Dividend Yield
2.93%
Current Stock Chart for CLECO CORPORATION (CNL)

cleco corporation (CNL) Related Businessweek News

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cleco corporation (CNL) Details

Cleco Corporation operates as a public utility holding company primarily in Louisiana. The company, through its subsidiary, Cleco Power LLC, engages in the generation, transmission, distribution, and sale of electricity to approximately 286,000 customers in Louisiana through its retail business; and supplies wholesale power in Louisiana and Mississippi. As of December 31, 2014, it had ownership interests in 3 steam electric generating stations, 2 gas turbines, 2 combined cycle unit with a combined nameplate capacity of 3,340 megawatts, and a combined electric net generating capacity of 3,233 megawatts; and 81 active transmission substations and 221 active distribution substations. The company also owned transmission system consisted of approximately 67 circuit miles of 500-Kilovolt (kV) lines; 534 circuit miles of 230-kV lines; 671 circuit miles of 138 kV lines; and 28 circuit miles of 69-kV lines, as well as distribution system consisted of approximately 3,649 circuit miles of 34.5-kV lines and 8,264 circuit miles of other lines. Cleco Corporation also owns and operates a 775 MW combined-cycle natural gas-fired power plant in St. Landry, Louisiana; and owns natural gas pipelines and 2 transmission interconnection facilities. The company was founded in 1934 and is headquartered in Pineville, Louisiana.

1,206 Employees
Last Reported Date: 02/27/15
Founded in 1934

cleco corporation (CNL) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $735.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $243.1K
President of Cleco Power LLC
Total Annual Compensation: $359.6K
Senior Vice President, Director of Regulatory...
Total Annual Compensation: $280.0K
Senior Vice President of Corporate Services &...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

cleco corporation (CNL) Key Developments

Cleco Corporation Announces Unaudited Consolidated Earnings Results for the Year Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2015

Cleco Corporation announced unaudited consolidated earnings results for the year fourth quarter and full year ended December 31, 2014. For the quarter, the company announced operating revenue, net of $304,643,000 compared to $263,109,000 for the same period a year ago. Operating income was $249,914,000 compared to $58,314,000 for the same period a year ago. Income before income taxes was $35,814,000 compared to $37,794,000 for the same period a year ago. Net income applicable to common stock was $21,347,000 compared to $25,112,000 for the same period a year ago. Net income applicable to common stock, diluted was $0.35 compared to $0.41 for the same period a year ago. For the full year, the company announced operating revenue, net of $1,269,485,000 compared to $1,096,714,000 for the same period a year ago. Operating income was $286,032,000 compared to $308,332,000 for the same period a year ago. Income before income taxes was $221,855,000 compared to $240,260,000 for the same period a year ago. Net income applicable to common stock was $154,739,000 compared to $160,685,000 for the same period a year ago. Net income applicable to common stock, diluted was $2.55 compared to $2.65 for the same period a year ago. Operational earnings were $165.9 million, or $2.74 per diluted share, up $12.4 million from the $153.5 million, or $2.53 per diluted share recorded in 2013. The company provided earnings guidance for the full year of fiscal 2015. The company's guidance for 2014 consolidated operational earnings is in the range of $2.28 to $2.38 per diluted share. The estimate is based on normal weather, reflects the formula rate plan extension, which began on July 1, 2014, and excludes adjustments related to company-owned life insurance policies and merger transaction costs. The effective tax rate assumed in the 2015 guidance is approximately 36%.

Cleco Corporation to Report Q4, 2014 Results on Feb 27, 2015

Cleco Corporation announced that they will report Q4, 2014 results After-Market on Feb 27, 2015

Cleco Corporation, Q4 2014 Earnings Call, Mar 02, 2015

Cleco Corporation, Q4 2014 Earnings Call, Mar 02, 2015

 

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CNL

Industry Average

Valuation CNL Industry Range
Price/Earnings 21.3x
Price/Sales 2.6x
Price/Book 2.0x
Price/Cash Flow 10.9x
TEV/Sales 1.5x
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