Clearway Energy (NYSE:CWEN) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Clearway Energy (NYSE:CWEN) from a hold rating to a sell rating in a research report report published on Tuesday.

Separately, Roth Mkm reissued a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.86.

Clearway Energy Stock Performance

Clearway Energy stock opened at $27.32 on Tuesday. The firm’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $27.53. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.52 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. Clearway Energy has a 1-year low of $20.63 and a 1-year high of $30.92.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The firm had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. As a group, analysts expect that Clearway Energy will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.4312 dividend. This is a boost 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 dividend yield of 6.31%. Clearway Energy’s dividend payout ratio is 165.38%.

Insider Activity

In other news, 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 sale, the director now owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. This represents a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clearway Energy

Institutional investors have recently made changes to their positions in the business. Mascoma Wealth Management LLC purchased a new stake in Clearway Energy during the 4th quarter valued at $28,000. New Age Alpha Advisors LLC bought a new position in Clearway Energy in the 4th quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in Clearway Energy in the 3rd quarter worth $50,000. SBI Securities Co. Ltd. bought a new position in Clearway Energy in the 4th quarter worth $51,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Clearway Energy in the 3rd quarter worth $71,000. Hedge funds and other 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.