Deutsche Bank Aktiengesellschaft Begins Coverage on Clearway Energy (NYSE:CWEN)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Clearway Energy (NYSE:CWEN) in a research note published on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $38.00 target price on the stock.

Several other research analysts have also recently commented on CWEN. Roth Mkm restated a “buy” rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average target price of $34.71.

Clearway Energy Stock Performance

Shares of CWEN opened at $30.05 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. Clearway Energy has a 12-month low of $21.72 and a 12-month high of $30.92. The business’s fifty day moving average price is $27.32 and its 200 day moving average price is $27.57. The stock has a market capitalization of $6.07 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92.

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

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.4312 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.74%. Clearway Energy’s payout ratio is 229.33%.

Institutional Trading of Clearway Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mascoma Wealth Management LLC acquired a new position in shares of Clearway Energy in the fourth quarter worth about $28,000. New Age Alpha Advisors LLC acquired a new position in Clearway Energy in the 4th quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new position in Clearway Energy during the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB acquired a new stake in Clearway Energy during the 3rd quarter valued at $71,000. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of Clearway Energy in the third quarter valued at $106,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

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.