Clearway Energy, Inc. (NYSE:CWEN) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $33.13.

A number of brokerages have commented on CWEN. Jefferies Financial Group initiated coverage on Clearway Energy in a research report on Friday, September 20th. They set a "buy" rating and a $35.00 price target for the company. StockNews.com lowered Clearway Energy from a "hold" rating to a "sell" rating in a research report on Saturday, November 30th. CIBC increased their price target on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an "outperformer" rating in a report on Tuesday, October 22nd. Finally, BNP Paribas started coverage on shares of Clearway Energy in a research note on Tuesday, October 1st. They set an "outperform" rating and a $36.00 price objective for the company.

Clearway Energy Stock Down 0.6 %

NYSE CWEN traded down $0.17 during midday trading on Friday, hitting $26.14. 405,671 shares of the company traded hands, compared to its average volume of 859,157. Clearway Energy has a 52 week low of $20.63 and a 52 week high of $30.92. The company's 50-day simple moving average is $27.52 and its 200-day simple moving average is $27.51. The company has a market cap of $5.28 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $417.55 million. During the same quarter last year, the firm earned $0.03 EPS. The company's revenue was up 31.0% compared to the same quarter last year. As a group, equities research analysts forecast that Clearway Energy will post 0.82 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.424 dividend. This represents a $1.70 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Monday, December 2nd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio is 162.50%.

Insider Buying and Selling at Clearway Energy

In related 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 value of $53,480.00. Following the sale, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clearway Energy

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in Clearway Energy during the 3rd quarter worth approximately $3,532,000. Hancock Whitney Corp acquired a new position in shares of Clearway Energy during the third quarter worth $1,486,000. National Bank of Canada FI raised its stake in Clearway Energy by 1,778.8% in the third quarter. National Bank of Canada FI now owns 30,907 shares of the company's stock valued at $948,000 after buying an additional 29,262 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Clearway Energy during the 2nd quarter worth about $3,643,000. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Clearway Energy during the 2nd quarter worth about $32,310,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

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.