Clearway Energy (NYSE:CWEN) Upgraded at StockNews.com

StockNews.com upgraded shares of Clearway Energy (NYSE:CWEN) from a sell rating to a hold rating in a report released on Wednesday morning.

Separately, Roth Mkm restated a “buy” rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.17.

Clearway Energy Price Performance

Shares of Clearway Energy stock opened at $27.59 on Wednesday. Clearway Energy has a twelve month low of $20.63 and a twelve month high of $30.92. The stock has a market capitalization of $5.58 billion, a P/E ratio of 26.52, a PEG ratio of 1.75 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average price is $26.23 and its 200 day moving average price is $27.48.

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

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.4312 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.25%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s payout ratio is presently 229.33%.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Clearway Energy

A number of hedge funds and other institutional investors have recently modified their holdings of CWEN. Mascoma Wealth Management LLC bought a new stake in Clearway Energy in the fourth quarter valued at about $28,000. New Age Alpha Advisors LLC bought a new stake in Clearway Energy in the fourth quarter valued at about $31,000. Ashton Thomas Securities LLC bought a new stake in Clearway Energy in the third quarter valued at about $50,000. SBI Securities Co. Ltd. bought a new stake in Clearway Energy in the fourth quarter valued at about $51,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Clearway Energy in the third quarter valued at about $71,000. 84.53% of the stock is owned by hedge funds and other 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.