Clearway Energy (NYSE:CWEN) Earns “Buy” Rating from Roth Mkm

Clearway Energy (NYSE:CWEN)‘s stock had its “buy” rating restated by stock analysts at Roth Mkm in a research report issued on Tuesday,Benzinga reports. They currently have a $34.00 price objective on the stock, up from their previous price objective of $33.00. Roth Mkm’s target price points to a potential upside of 25.23% from the company’s current price.

Separately, StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clearway Energy presently has an average rating of “Moderate Buy” and a consensus price target of $32.86.

Clearway Energy Trading Up 1.7 %

CWEN traded up $0.45 during midday trading on Tuesday, reaching $27.15. 529,552 shares of the company were exchanged, compared to its average volume of 779,557. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. Clearway Energy has a one year low of $20.63 and a one year high of $30.92. The stock has a market capitalization of $5.49 billion, a P/E ratio of 26.10, a PEG ratio of 1.75 and a beta of 0.88. The stock’s 50-day simple moving average is $26.05 and its 200 day simple moving average is $27.54.

Clearway Energy (NYSE:CWEN) last issued its earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. As a group, analysts forecast that Clearway Energy will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the transaction, the director now directly owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Institutional Trading of Clearway Energy

Several institutional investors have recently added to or reduced their stakes in the company. Principal Street Partners LLC boosted its stake in Clearway Energy by 1.7% in the 4th quarter. Principal Street Partners LLC now owns 210,400 shares of the company’s stock valued at $5,470,000 after purchasing an additional 3,606 shares during the period. Voloridge Investment Management LLC boosted its stake in Clearway Energy by 251.4% in the 4th quarter. Voloridge Investment Management LLC now owns 470,565 shares of the company’s stock valued at $12,235,000 after purchasing an additional 336,668 shares during the period. Squarepoint Ops LLC boosted its stake in Clearway Energy by 88.0% in the 4th quarter. Squarepoint Ops LLC now owns 189,238 shares of the company’s stock valued at $4,920,000 after purchasing an additional 88,560 shares during the period. Teza Capital Management LLC bought a new stake in Clearway Energy in the 4th quarter valued at $711,000. Finally, Point72 Hong Kong Ltd bought a new stake in Clearway Energy in the 4th quarter valued at $166,000. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Company Profile

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.