NEW YORK (
) hit a new 52-week high Monday as it traded at $33.86 compared with its previous 52-Week high of $33.84. CLECO is changing hands at $33.86 with 120,638 shares traded as of 11:10 a.m. ET. Average volume has been 364,000 shares over the past 30 days.
CLECO has a market cap of $2 billion and is part of the
industry. Shares are up 9.1% year to date as of the close of trading on Friday.
Cleco Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Louisiana. The company has a P/E ratio of 7.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates CLECO as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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