Clearway Energy (CWEN) Projected to Post Earnings on Monday

Clearway Energy (NYSE:CWEN) is anticipated to release its earnings data after the market closes on Monday, February 24th. Analysts expect Clearway Energy to post earnings of $0.13 per share and revenue of $299.73 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Clearway Energy Stock Performance

NYSE:CWEN opened at $27.42 on Friday. 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 has a 1 year low of $20.63 and a 1 year high of $30.92. The stock’s 50 day simple moving average is $26.05 and its two-hundred day simple moving average is $27.57. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.73 and a beta of 0.88.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.4312 dividend. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 6.29%. Clearway Energy’s payout ratio is presently 163.46%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.57.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction that occurred 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 completion of the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.

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.