Clearway Energy (NYSE:CWEN) Downgraded to "Sell" Rating by StockNews.com

Clearway Energy (NYSE:CWEN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Tuesday.

Separately, Roth Mkm reaffirmed a "buy" rating and issued a $34.00 price objective (up from $33.00) on shares of Clearway Energy in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.17.

Clearway Energy Price Performance

Shares of CWEN stock traded up $0.79 on Tuesday, hitting $28.07. 1,900,218 shares of the company's stock were exchanged, compared to its average volume of 841,457. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The stock has a market cap of $5.67 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. Clearway Energy has a 12 month low of $20.63 and a 12 month high of $30.92. The company has a 50 day moving average of $26.14 and a 200 day moving average of $27.53.

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Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). The company 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%. On average, equities research analysts predict that Clearway Energy will post 0.83 EPS for the current year.

Insiders Place Their Bets

In other Clearway Energy 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 transaction, the director now owns 8,153 shares of the company's stock, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning grew its holdings in Clearway Energy by 23.5% during the third quarter. Creative Planning now owns 16,450 shares of the company's stock valued at $505,000 after purchasing an additional 3,134 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Clearway Energy by 11.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 20,890 shares of the company's stock worth $641,000 after acquiring an additional 2,200 shares during the period. abrdn plc increased its holdings in Clearway Energy by 8.7% in the 3rd quarter. abrdn plc now owns 461,200 shares of the company's stock worth $14,150,000 after acquiring an additional 37,100 shares during the last quarter. Congress Asset Management Co. increased its holdings in Clearway Energy by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company's stock worth $5,806,000 after acquiring an additional 699 shares during the last quarter. Finally, James Investment Research Inc. bought a new stake in Clearway Energy in the 3rd quarter valued at about $230,000. 84.53% of the stock is owned by institutional investors.

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.