Cleco Corporate (CNL) & Its Competitors Financial Contrast

Cleco Corporate (NYSE: CNL) is one of 82 public companies in the “Electric Utilities” industry, but how does it compare to its peers? We will compare Cleco Corporate to related businesses based on the strength of its profitability, valuation, risk, institutional ownership, earnings, analyst recommendations and dividends.

Analyst Ratings

This is a breakdown of recent recommendations for Cleco Corporate and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cleco Corporate 0 0 0 0 N/A
Cleco Corporate Competitors 536 2969 2392 43 2.33

As a group, “Electric Utilities” companies have a potential upside of 6.60%. Given Cleco Corporate’s peers higher possible upside, analysts clearly believe Cleco Corporate has less favorable growth aspects than its peers.

Insider and Institutional Ownership

65.6% of shares of all “Electric Utilities” companies are owned by institutional investors. 2.7% of shares of all “Electric Utilities” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Volatility & Risk

Cleco Corporate has a beta of 0.53, suggesting that its stock price is 47% less volatile than the S&P 500. Comparatively, Cleco Corporate’s peers have a beta of 0.65, suggesting that their average stock price is 35% less volatile than the S&P 500.

Dividends

Cleco Corporate pays an annual dividend of $1.60 per share and has a dividend yield of 2.9%. Cleco Corporate pays out 72.7% of its earnings in the form of a dividend. As a group, “Electric Utilities” companies pay a dividend yield of 3.1% and pay out 103.2% of their earnings in the form of a dividend. Cleco Corporate has raised its dividend for 7 consecutive years.

Earnings and Valuation

This table compares Cleco Corporate and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Cleco Corporate N/A N/A 25.17
Cleco Corporate Competitors $7.66 billion $831.80 million 51.37

Cleco Corporate’s peers have higher revenue and earnings than Cleco Corporate. Cleco Corporate is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Cleco Corporate and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Cleco Corporate 8.24% 5.05% 1.60%
Cleco Corporate Competitors -10.08% 9.23% 2.53%

Summary

Cleco Corporate peers beat Cleco Corporate on 8 of the 10 factors compared.

About Cleco Corporate

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).

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