Clearway Energy (NYSE:CWEN) Stock Rating Upgraded by StockNews.com

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

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

Clearway Energy Stock Up 0.9 %

NYSE:CWEN opened at $27.59 on Wednesday. The firm has a market capitalization of $5.58 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. The stock has a 50 day moving average of $26.23 and a 200-day moving average of $27.48. Clearway Energy has a 52 week low of $20.63 and a 52 week high of $30.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Analysts predict that Clearway Energy will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

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

Insiders Place Their Bets

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 8,153 shares in the company, valued at $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clearway Energy

A number of institutional investors and hedge funds have recently modified their holdings of CWEN. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy during the 4th quarter valued at $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy during the 4th quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Clearway Energy during the 3rd quarter valued at $50,000. SBI Securities Co. Ltd. acquired a new stake in shares of Clearway Energy during the 4th quarter valued at $51,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Clearway Energy during the 3rd quarter valued at $71,000. 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.