Clearway Energy, Inc. (NYSE:CWEN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.33.

A number of analysts have weighed in on CWEN shares. Oppenheimer increased their price target on Clearway Energy from $33.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, January 19th. Morgan Stanley increased their price target on Clearway Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday, March 1st. Royal Bank of Canada decreased their price target on Clearway Energy from $26.00 to $25.00 and set a "sector perform" rating for the company in a report on Tuesday, February 27th. Finally, StockNews.com downgraded Clearway Energy from a "hold" rating to a "sell" rating in a research note on Friday, March 1st.

Clearway Energy Trading Up 2.9 %

NYSE:CWEN traded up $0.66 during trading hours on Friday, hitting $23.05. 1,248,309 shares of the company were exchanged, compared to its average volume of 918,406. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 33.90 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 1.66 and a debt-to-equity ratio of 1.50. Clearway Energy has a one year low of $18.59 and a one year high of $32.24. The company has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $23.53.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.15. Clearway Energy had a return on equity of 1.80% and a net margin of 6.01%. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $282.45 million. During the same period last year, the company earned $0.10 EPS. Clearway Energy's revenue for the quarter was down 18.4% compared to the same quarter last year. Sell-side analysts expect that Clearway Energy will post 0.93 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.403 dividend. This is an increase from Clearway Energy's previous quarterly dividend of $0.40. This represents a $1.61 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend was Thursday, February 29th. Clearway Energy's dividend payout ratio is presently 236.76%.

Institutional Investors Weigh In On Clearway Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new position in shares of Clearway Energy during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Clearway Energy in the 3rd quarter worth $42,000. Avalon Trust Co purchased a new stake in Clearway Energy in the 4th quarter worth $47,000. Cohen & Steers Inc. lifted its stake in Clearway Energy by 95.8% in the 4th quarter. Cohen & Steers Inc. now owns 2,009 shares of the company's stock worth $55,000 after purchasing an additional 983 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its stake in Clearway Energy by 23.3% in the 3rd quarter. Spirit of America Management Corp NY now owns 5,300 shares of the company's stock worth $112,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 38.03% 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.