Cleco Corporate (CNL) & ITC (ITC) Head to Head Survey

ITC (NYSE: ITC) and Cleco Corporate (NYSE:CNL) are both mid-cap companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, earnings, dividends, risk, valuation, analyst recommendations and institutional ownership.

Analyst Ratings

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This is a summary of recent ratings and recommmendations for ITC and Cleco Corporate, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ITC 0 0 0 0 N/A
Cleco Corporate 0 0 0 0 N/A

Dividends

ITC pays an annual dividend of $0.86 per share and has a dividend yield of 1.9%. Cleco Corporate pays an annual dividend of $1.60 per share and has a dividend yield of 2.9%. ITC has increased its dividend for 6 consecutive years and Cleco Corporate has increased its dividend for 8 consecutive years. Cleco Corporate is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Profitability

This table compares ITC and Cleco Corporate’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ITC 26.05% 16.67% 3.70%
Cleco Corporate 21.96% 11.84% 3.86%

Earnings and Valuation

This table compares ITC and Cleco Corporate’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ITC N/A N/A N/A N/A N/A
Cleco Corporate N/A N/A N/A N/A N/A

Insider and Institutional Ownership

84.2% of ITC shares are held by institutional investors. 3.2% of ITC shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

ITC beats Cleco Corporate on 4 of the 7 factors compared between the two stocks.

About ITC

ITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company’s business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.

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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