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

Clearway Energy (NYSE:CWEN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts also recently issued reports on the stock. BNP Paribas started coverage on shares of Clearway Energy in a report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 price objective on the stock. CIBC boosted their price target on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Clearway Energy Stock Down 0.2 %

Shares of NYSE:CWEN traded down $0.05 on Wednesday, reaching $25.57. The company had a trading volume of 814,751 shares, compared to its average volume of 757,508. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.17 billion, a P/E ratio of 24.59, a P/E/G ratio of 1.65 and a beta of 0.88. The stock has a 50-day moving average price of $26.82 and a 200 day moving average price of $27.56. Clearway Energy has a twelve month low of $20.63 and a twelve month high of $30.92.

Clearway Energy (NYSE:CWEN) last announced its earnings results on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $486.00 million during the quarter, compared to the consensus estimate of $417.55 million. During the same quarter last year, the business earned $0.03 EPS. The business’s revenue was up 31.0% compared to the same quarter last year. On average, equities analysts expect that Clearway Energy will post 0.82 EPS for the current year.

Insider Buying and Selling at Clearway Energy

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

Institutional Investors Weigh In On Clearway Energy

Several large investors have recently modified their holdings of the stock. Fulton Bank N.A. grew its stake in shares of Clearway Energy by 3.8% during the 3rd quarter. Fulton Bank N.A. now owns 12,206 shares of the company’s stock worth $374,000 after acquiring an additional 449 shares during the period. Congress Asset Management Co. lifted its holdings in Clearway Energy by 0.4% during the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock valued at $5,806,000 after purchasing an additional 699 shares during the last quarter. Ballentine Partners LLC boosted its position in Clearway Energy by 5.2% during the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after purchasing an additional 787 shares during the period. Quarry LP boosted its position in Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after purchasing an additional 843 shares during the period. Finally, Quad Cities Investment Group LLC increased its stake in shares of Clearway Energy by 7.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after purchasing an additional 886 shares in the last quarter. Hedge funds and other institutional investors 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.