Clearway Energy, Inc. (NYSE:CWEN) Short Interest Up 10.8% in November

Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,470,000 shares, a growth of 10.8% from the November 15th total of 2,230,000 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily volume of 883,100 shares, the short-interest ratio is currently 2.8 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. CIBC raised their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the company an "outperformer" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of Clearway Energy in a report on Friday, September 20th. They issued a "buy" rating and a $35.00 target price on the stock. StockNews.com cut shares of Clearway Energy from a "hold" rating to a "sell" rating in a research note on Saturday, November 30th. Finally, BNP Paribas began coverage on Clearway Energy in a research report on Tuesday, October 1st. They set an "outperform" rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.13.

Clearway Energy Price Performance

Shares of NYSE CWEN traded down $0.06 during mid-day trading on Friday, hitting $27.28. 793,281 shares of the company's stock traded hands, compared to its average volume of 861,261. 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 has a 1 year low of $20.63 and a 1 year high of $30.92. The company's 50-day moving average is $27.83 and its two-hundred day moving average is $27.60. The company has a market capitalization of $5.51 billion, a P/E ratio of 26.23, a PEG ratio of 1.26 and a beta of 0.86.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.17). The company had revenue of $486.00 million for the quarter, compared to analysts' expectations of $417.55 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The company's revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities analysts anticipate that Clearway Energy will post 0.82 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.424 per share. This is a boost from Clearway Energy's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.70 dividend on an annualized basis and a yield of 6.22%. Clearway Energy's payout ratio is 163.46%.

Insider Activity

In other news, Director Brian R. Ford sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. This represents a 19.70 % decrease in their position. 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 corporate insiders.

Institutional Investors Weigh In On Clearway Energy

Institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Clearway Energy in the 3rd quarter valued at $50,000. Whittier Trust Co. grew its stake in Clearway Energy by 33.8% in the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company's stock worth $50,000 after acquiring an additional 512 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy during the third quarter worth approximately $71,000. Quarry LP raised its stake in shares of Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company's stock valued at $60,000 after acquiring an additional 843 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of Clearway Energy in the third quarter valued at approximately $106,000. 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.