Clearway Energy (NYSE:CWEN) Given Buy Rating at Roth Mkm

Roth Mkm reissued their buy rating on shares of Clearway Energy (NYSE:CWEN - Free Report) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $34.00 price objective on the stock, up from their prior price objective of $33.00.

Separately, StockNews.com upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.17.

Clearway Energy Price Performance

Shares of CWEN stock traded up $0.79 during trading hours on Tuesday, hitting $28.07. The company's stock had a trading volume of 1,900,218 shares, compared to its average volume of 841,457. The business has a fifty day moving average of $26.14 and a 200-day moving average of $27.53. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.75 and a beta of 0.88. Clearway Energy has a twelve month low of $20.63 and a twelve month 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.

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Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). The business had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. As a group, equities research analysts anticipate 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. Investors of record on Monday, March 3rd will be given a dividend of $0.4312 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 6.15%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio (DPR) is 229.33%.

Insider Buying and Selling

In other Clearway Energy 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 transaction of $53,480.00. Following the transaction, the director now owns 8,153 shares of the company's stock, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clearway Energy

A number of large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its stake in Clearway Energy by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock worth $236,000 after purchasing an additional 414 shares during the period. Uniplan Investment Counsel Inc. raised its stake in Clearway Energy by 0.9% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 65,506 shares of the company's stock worth $1,703,000 after purchasing an additional 586 shares during the period. Congress Asset Management Co. raised its stake in Clearway Energy by 0.4% during the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company's stock worth $5,806,000 after purchasing an additional 699 shares during the period. Ballentine Partners LLC raised its stake in Clearway Energy by 5.2% during the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company's stock worth $414,000 after purchasing an additional 787 shares during the period. Finally, Quad Cities Investment Group LLC raised its stake in Clearway Energy by 7.6% during the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock worth $328,000 after purchasing an additional 886 shares during the period. Hedge funds and other institutional investors own 84.53% of the company's stock.

About Clearway Energy

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.