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Last $53.67 USD
Change Today +0.35 / 0.66%
Volume 338.5K
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

cleco corporation (CNL) Snapshot

Open
$53.55
Previous Close
$53.32
Day High
$53.73
Day Low
$53.34
52 Week High
09/8/14 - $58.23
52 Week Low
10/15/14 - $46.11
Market Cap
3.2B
Average Volume 10 Days
429.6K
EPS TTM
$2.59
Shares Outstanding
60.5M
EX-Date
08/5/15
P/E TM
20.7x
Dividend
$1.60
Dividend Yield
2.98%
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: $743.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $299.2K
President of Cleco Power LLC
Total Annual Compensation: $389.4K
Senior Vice President, Director of Regulatory...
Total Annual Compensation: $289.6K
Senior Vice President of Corporate Services &...
Total Annual Compensation: $289.4K
Compensation as of Fiscal Year 2014.

cleco corporation (CNL) Key Developments

Cleco Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Cleco Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating income of $69,884,000 against $66,721,000 a year ago. Income before income taxes was $50,593,000 against $51,161,000 a year ago. Net income applicable to common stock was $30,234,000 or $0.50 per basic and diluted share compared to $36,633,000 or $0.60 per diluted share a year ago. Operating revenue, net was $289,074,000 against $309,070,000 a year ago. For the six months, the company reported operating income of $132,604,000 against $124,060,000 a year ago. Income before income taxes was $94,843,000 against $90,763,000 a year ago. Net income applicable to common stock was $57,156,000 or $0.94 per diluted share compared to $62,557,000 or $1.03 per diluted share a year ago. Operating revenue, net was $584,531,000 against $593,456,000 a year ago.

Cleco Corporation Declares Quarterly Dividend Payable on August 17, 2015

Cleco Corporation announced that its board of directors declared a quarterly dividend of $0.40 per share on the company's common stock payable on August 17, 2015 with the record date of August 7, 2015.

Cleco Corporation to Report Q2, 2015 Results on Jul 27, 2015

Cleco Corporation announced that they will report Q2, 2015 results After-Market on Jul 27, 2015

 

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Industry Analysis

CNL

Industry Average

Valuation CNL Industry Range
Price/Earnings 21.7x
Price/Sales 2.6x
Price/Book 2.0x
Price/Cash Flow 11.1x
TEV/Sales 1.5x
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