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

Shares of Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) have earned an average rating of "Buy" from the five analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.50.

Several research analysts have recently weighed in on CWEN shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Clearway Energy in a research note on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective on the stock. Wall Street Zen downgraded Clearway Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, Roth Mkm reiterated a "buy" rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th.

Clearway Energy Trading Down 1.2%

CWEN traded down $0.39 during mid-day trading on Friday, reaching $31.65. The stock had a trading volume of 748,774 shares, compared to its average volume of 877,888. The firm's fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $28.20. The stock has a market capitalization of $6.40 billion, a P/E ratio of 40.05, a P/E/G ratio of 0.76 and a beta of 0.87. Clearway Energy has a 52 week low of $24.02 and a 52 week high of $32.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.42 and a current ratio of 1.52.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. Clearway Energy had a return on equity of 1.68% and a net margin of 6.69%. The business had revenue of $298.00 million during the quarter, compared to the consensus estimate of $305.74 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Clearway Energy will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.4384 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.75 dividend on an annualized basis and a yield of 5.54%. This is an increase from Clearway Energy's previous quarterly dividend of $0.43. Clearway Energy's dividend payout ratio is currently 218.75%.

Hedge Funds Weigh In On Clearway Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its holdings in shares of Clearway Energy by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock worth $236,000 after purchasing an additional 414 shares in the last quarter. Prudent Man Advisors LLC lifted its position in Clearway Energy by 2.0% during the first quarter. Prudent Man Advisors LLC now owns 26,219 shares of the company's stock worth $794,000 after purchasing an additional 516 shares during the period. Uniplan Investment Counsel Inc. grew 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 buying an additional 586 shares in the last quarter. Monetary Management Group Inc. grew its stake in Clearway Energy by 4.3% during the first quarter. Monetary Management Group Inc. now owns 14,400 shares of the company's stock worth $436,000 after buying an additional 600 shares in the last quarter. Finally, WBI Investments LLC increased its holdings in Clearway Energy by 5.0% in the 1st quarter. WBI Investments LLC now owns 17,544 shares of the company's stock valued at $531,000 after buying an additional 834 shares during the period. 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.