Clearway Energy (CWEN) Rating Lowered to Sell at ValuEngine

Share on StockTwits

ValuEngine cut shares of Clearway Energy (NYSE:CWEN) from a hold rating to a sell rating in a report published on Friday.

A number of other equities research analysts also recently issued reports on CWEN. Zacks Investment Research downgraded Clearway Energy from a strong-buy rating to a sell rating in a research report on Wednesday, October 3rd. TheStreet raised Clearway Energy from a c rating to a b- rating in a research report on Wednesday, October 31st.

Shares of NYSE:CWEN opened at $18.23 on Friday. The company has a market cap of $3.47 billion, a P/E ratio of 22.49, a P/E/G ratio of 0.48 and a beta of 1.83. Clearway Energy has a 1 year low of $15.55 and a 1 year high of $20.75. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 0.56.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.33). The company had revenue of $292.00 million for the quarter, compared to analyst estimates of $295.37 million. Clearway Energy had a return on equity of 6.01% and a net margin of 4.32%. On average, analysts anticipate that Clearway Energy will post 1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.331 per share. The ex-dividend date is Friday, November 30th. This represents a $1.32 dividend on an annualized basis and a yield of 7.26%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.32. Clearway Energy’s dividend payout ratio is currently 158.02%.

In related news, major shareholder Infrastructure Investor Global purchased 59,727 shares of Clearway Energy stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average price of $19.75 per share, with a total value of $1,179,608.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at $107,000. Whittier Trust Co. acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at $114,000. Point72 Hong Kong Ltd acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at $129,000. NEXT Financial Group Inc acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at $186,000. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at $193,000. 31.47% of the stock is currently owned by hedge funds and other institutional investors.

About Clearway Energy

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

Featured Story: What is a capital gain?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Clearway Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearway Energy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.