Short Interest in Clearway Energy, Inc. (NYSE:CWEN) Rises By 27.9%

Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 3,530,000 shares, an increase of 27.9% from the May 15th total of 2,760,000 shares. Currently, 1.8% of the company's stock are sold short. Based on an average daily volume of 985,400 shares, the short-interest ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CWEN shares. Roth Mkm reiterated a "buy" rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Clearway Energy in a research report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price target for the company. Finally, Wall Street Zen lowered Clearway Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.50.

Institutional Investors Weigh In On Clearway Energy

Several large investors have recently made changes to their positions in CWEN. Alpine Bank Wealth Management purchased a new stake in shares of Clearway Energy during the 1st quarter valued at $27,000. Mascoma Wealth Management LLC purchased a new stake in shares of Clearway Energy during the 4th quarter valued at $28,000. New Age Alpha Advisors LLC purchased a new stake in shares of Clearway Energy during the 4th quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Clearway Energy during the 4th quarter valued at $51,000. Finally, Tsfg LLC purchased a new stake in shares of Clearway Energy during the 1st quarter valued at $61,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Stock Down 1.1%

NYSE CWEN traded down $0.37 on Friday, reaching $31.73. The company had a trading volume of 1,416,747 shares, compared to its average volume of 876,358. The stock has a market capitalization of $6.41 billion, a P/E ratio of 39.66, a P/E/G ratio of 0.75 and a beta of 0.87. The company's fifty day moving average is $29.88 and its 200 day moving average is $28.15. Clearway Energy has a 52-week low of $24.02 and a 52-week high of $32.64. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 1.33.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.28. Clearway Energy had a return on equity of 1.68% and a net margin of 6.69%. The firm had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. During the same period last year, the firm posted ($0.02) EPS. The business's revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Clearway Energy will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 is a positive change from Clearway Energy's previous quarterly dividend of $0.43. This represents a $1.75 annualized dividend and a dividend yield of 5.53%. Clearway Energy's dividend payout ratio (DPR) is currently 218.75%.

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.