Clearway Energy, Inc. (NYSE:CWEN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Clearway Energy, Inc. (NYSE:CWEN) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $32.57.

Separately, StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th.

Clearway Energy Trading Up 1.4 %

Shares of CWEN stock opened at $27.42 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. Clearway Energy has a 1 year low of $20.63 and a 1 year high of $30.92. The stock has a fifty day moving average of $26.05 and a two-hundred day moving average of $27.55. The firm has a market capitalization of $5.54 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.4312 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Monday, March 3rd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s payout ratio is currently 163.46%.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now directly owns 8,153 shares of the company’s stock, valued at $218,011.22. The trade was a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Clearway Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Street Partners LLC raised its position in shares of Clearway Energy by 1.7% during the fourth quarter. Principal Street Partners LLC now owns 210,400 shares of the company’s stock worth $5,470,000 after purchasing an additional 3,606 shares during the period. Voloridge Investment Management LLC raised its position in Clearway Energy by 251.4% during the fourth quarter. Voloridge Investment Management LLC now owns 470,565 shares of the company’s stock valued at $12,235,000 after buying an additional 336,668 shares during the period. Squarepoint Ops LLC raised its position in Clearway Energy by 88.0% during the fourth quarter. Squarepoint Ops LLC now owns 189,238 shares of the company’s stock valued at $4,920,000 after buying an additional 88,560 shares during the period. Teza Capital Management LLC acquired a new position in Clearway Energy during the fourth quarter valued at $711,000. Finally, Point72 Hong Kong Ltd acquired a new position in Clearway Energy during the fourth quarter valued at $166,000. 84.53% of the stock is owned by institutional investors and hedge funds.

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.