Insider Selling: Clearway Energy, Inc. (NYSE:CWEN) Director Sells 2,000 Shares of Stock

Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) Director Brian R. Ford sold 2,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Clearway Energy Stock Down 0.2 %

NYSE CWEN traded down $0.05 during trading on Friday, hitting $27.29. The company's stock had a trading volume of 793,281 shares, compared to its average volume of 861,261. The business's 50 day simple moving average is $27.88 and its 200-day simple moving average is $27.58. The company has a market cap of $5.52 billion, a PE ratio of 26.29, a P/E/G ratio of 1.26 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, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92.

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

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.424 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.21%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio is presently 163.46%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CWEN. Hancock Whitney Corp acquired a new position in Clearway Energy during the third quarter worth $1,486,000. Edgestream Partners L.P. purchased a new position in Clearway Energy in the second quarter worth approximately $3,643,000. 1832 Asset Management L.P. purchased a new stake in Clearway Energy in the 2nd quarter valued at about $32,310,000. Entropy Technologies LP acquired a new position in shares of Clearway Energy in the 3rd quarter worth approximately $1,026,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Clearway Energy by 144.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 430,269 shares of the company's stock valued at $10,623,000 after purchasing an additional 254,486 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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