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CEO of Cleco Corp. (CNL) Bruce A. Williamson Bought 22,000 Shares

Aug 11, 2011 | About:
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President & CEO of Cleco Corp. (CNL) Bruce A. Williamson bought 22,000 shares on 08/09/2011 at an average price of $31.73. The total transaction amount is $698,060. Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Chemtura has a market cap of $1.31 billion; its shares were traded at around $13.39 with a P/E ratio of 2 and P/S ratio of 0.5.

John Keeley owns 1,102,690 shares as of 03/31/2011, an increase of 1548.27% from the previous quarter. This position accounts for 0.29% of the $6.54 billion portfolio of Keeley Fund Management. Mario Gabelli owns 332,010 shares as of 06/30/2011, an increase of 563.89% from the previous quarter. This position accounts for 0.0435% of the $13.9 billion portfolio of GAMCO Investors. George Soros owns 217,082 shares as of 03/31/2011, which accounts for 0.0582% of the $6.42 billion portfolio of Soros Fund Management LLC. John Paulson owns 181,549 shares as of 03/31/2011, which accounts for 0.01% of the $34.27 billion portfolio of Paulson & Co.

Bruce A. Williamson serves in a few executive positions, including in Cleco Corp., as the company's CEO and president, as well as in Dynergy Inc., in the same positions. He is a director of Questar Corporation. Previously, he was assistant treasurer at Shell Oil Company.

Cleco Corp. recently reported its first quarter 2011 results. The company announced that its 2011 first-quarter operational earnings were $28.6 million, or $0.47 per diluted share. On April 29, 2011, the board of directors of Cleco Corp. declared a dividend of $0.28 per share of common stock payable on May 16, 2011. The 12 percent increase will result in an annual dividend rate of $1.12 per share of Cleco common stock.

"We had a positive first quarter, and the year is off to a good start," said Mike Madison, president and CEO of Cleco Corp. "Our first-quarter results reflect the impact of a full quarter with our new retail rates and the return of more normal weather compared to the unusually cold winter we had this time last year."

EVP & CFO Stephen C. Forsyth bought 10,000 shares of CHMT stock on 08/09/2011 at the average price of 12.32. Stephen C. Forsyth owns at least 89,295 shares after this. The price of the stock has increased by 8.69% since. Director Jeffrey D. Benjamin bought 28,235 shares of CHMT stock on 08/10/2011 at the average price of 12.9. Jeffrey D. Benjamin owns at least 46,488 shares after this. The price of the stock has increased by 3.8% since. Other insiders have also increased their positions in the company.

CNL has a predictability rating of 1 star.

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