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

StockNews.com upgraded shares of Clearway Energy (NYSE:CWEN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Separately, Roth Mkm reissued a “buy” rating and issued a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clearway Energy presently has an average rating of “Moderate Buy” and an average target price of $34.17.

Clearway Energy Price Performance

Shares of NYSE:CWEN opened at $27.29 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy has a twelve month low of $20.63 and a twelve month high of $30.92. The stock’s 50 day moving average is $26.20 and its 200-day moving average is $27.49. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.75 and a beta of 0.91.

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 return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $256.00 million for the quarter, compared to analyst estimates of $299.73 million. Sell-side analysts forecast that Clearway Energy will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.4312 dividend. 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 yield of 6.32%. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio is presently 229.33%.

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. This represents a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mascoma Wealth Management LLC bought a new position in Clearway Energy in the 4th quarter valued at $28,000. New Age Alpha Advisors LLC bought a new position in shares of Clearway Energy during the 4th quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in shares of Clearway Energy during the 3rd quarter worth $50,000. SBI Securities Co. Ltd. bought a new position in shares of Clearway Energy during the 4th quarter worth $51,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Clearway Energy during the 3rd quarter worth $71,000. Institutional investors own 84.53% of the company’s stock.

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.