Clearway Energy (NYSE:CWEN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.23), Briefing.com reports. Clearway Energy had a return on equity of 1.80% and a net margin of 7.21%. The company had revenue of $366.00 million during the quarter, compared to analyst estimates of $424.59 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year.
Clearway Energy Stock Down 1.0 %
Clearway Energy stock traded down $0.28 during trading on Friday, hitting $27.68. 916,356 shares of the company were exchanged, compared to its average volume of 762,041. The company has a current ratio of 1.46, a quick ratio of 1.65 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $26.10 and its 200 day moving average is $24.47. Clearway Energy has a 52 week low of $18.59 and a 52 week high of $28.71. The company has a market capitalization of $5.60 billion, a P/E ratio of 41.94 and a beta of 0.85.
Clearway Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.417 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.67 annualized dividend and a dividend yield of 6.03%. Clearway Energy’s payout ratio is presently 248.49%.
Analyst Upgrades and Downgrades
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About Clearway Energy
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.
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