Clearway Energy, Inc. (NYSE:CWEN) Declares Dividend Increase - $0.43 Per Share

Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) announced a quarterly dividend on Monday, February 17th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.4312 per share on Monday, March 17th. This represents a $1.72 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Monday, March 3rd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42.

Clearway Energy has increased its dividend payment by an average of 7.6% annually over the last three years. Clearway Energy has a payout ratio of 236.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Clearway Energy to earn $0.57 per share next year, which means the company may not be able to cover its $1.70 annual dividend with an expected future payout ratio of 298.2%.

Clearway Energy Trading Up 1.4 %

Shares of Clearway Energy stock traded up $0.37 during trading on Friday, hitting $27.42. 1,228,040 shares of the company were exchanged, compared to its average volume of 755,362. The firm has a market capitalization of $5.54 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. Clearway Energy has a 1-year low of $20.63 and a 1-year high of $30.92. The firm's fifty day moving average price is $26.05 and its 200 day moving average price is $27.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Clearway Energy currently has an average rating of "Moderate Buy" and an average target price of $32.57.

Insider Activity

In other news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. The trade was a 19.70 % decrease in their position. 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 company insiders.

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.