Cleco Corp (NYSE:CNL)

TeenStockPicker (87.04) Submitted: 2/22/2013 4:29:49 PM : Start Price: $43.84 CNL Score: -3.48

Cleco Corp operates in two segments: Cleco Power, a regulated electric utility that serves approximately 279,000 customers in Louisiana, and Cleco Midstream, a competitive wholesale generation business. They definitely have a reliable dividend, it has been paid out to investors since 1935, and their payout ratio is currently 45. Last year Cleco gave their future a big boost by signing a 10-year contract to supply power to Dixie Electric Membership Corp. The contract takes effect in early 2014 and analysts have predicted annual earnings growth will increase from 2% to 6% in upcoming years. Definitely agree with the 5 star rating in this case.

RallyCry (< 20) Submitted: 7/27/2012 8:53:46 AM : Start Price: $42.45 CNL Score: -11.85

Financials improving with stable cash flows, reasonable PEG characteristics with solid dividend. Core holding potential for the long term.

sdanderson06 (< 20) Submitted: 3/25/2012 6:56:24 AM : Start Price: $38.01 CNL Score: +4.15

Returns are up for the 3rd year in a row. They appear to be confident after raising dividends last year.
Recent DividendsDate Type Amount
02/02/12 Cash Dividend 0.3125
11/03/11 Cash Dividend 0.3125
08/04/11 Cash Dividend 0.2800
05/05/11 Cash Dividend 0.2800

drjohn432 (67.69) Submitted: 2/26/2012 10:39:50 AM : Start Price: $37.86 CNL Score: +0.64

Excellent small utility with good rate base and good mgt. Should negotiate the regulatory enviroment under any politicl outcome. I dont know why I haven't put it on my scorecard before.

mulcy (70.20) Submitted: 1/22/2011 6:44:42 PM : Start Price: $28.69 CNL Score: +32.41

Testing a screen: PE < 10, yield > 3%, 5 stars on caps

synergize (32.07) Submitted: 6/2/2008 5:10:15 PM : Start Price: $20.66 CNL Score: -100.19

Cleco Corporation holds investments in several subsidiaries, including Cleco Power LLC (Cleco Power) and Cleco Midstream Resources LLC (Midstream), which are its operating business segments. Cleco Power is an electric utility, which is engaged principally in the generation, transmission, distribution and sale of electricity, within Louisiana. Cleco Power serves approximately 273,000 customers in 106 communities in central and southeastern Louisiana. Midstream is a merchant energy subsidiary that owns and operates merchant generation stations and invests in joint ventures that own and operate a merchant generation station.

On February 1, 2007, the ownership interests of Midstream’s transmission interconnection facilities, Perryville Energy Holdings LLC and Attala Transmission LLC were transferred to Cleco Corporation.

Technical Analysis:

Bear trap. Stochastics going down. MACD Crossing over. Sellers are entering the market. Near $23 target.