Clearway Energy, Inc. (NYSE:CWEN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Clearway Energy, Inc. (NYSE:CWEN) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $34.17.

CWEN has been the subject of several analyst reports. Roth Mkm reiterated a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

Institutional Investors Weigh In On Clearway Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWEN. Ashton Thomas Securities LLC acquired a new stake in Clearway Energy during the third quarter worth about $50,000. Entropy Technologies LP acquired a new stake in Clearway Energy during the third quarter worth about $1,026,000. Oppenheimer & Co. Inc. grew its stake in shares of Clearway Energy by 13.3% in the third quarter. Oppenheimer & Co. Inc. now owns 10,722 shares of the company’s stock valued at $329,000 after buying an additional 1,260 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Clearway Energy in the third quarter valued at about $245,000. Finally, ING Groep NV acquired a new stake in shares of Clearway Energy in the third quarter valued at about $229,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Stock Down 0.9 %

Shares of NYSE:CWEN opened at $29.13 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy has a 52-week low of $20.63 and a 52-week high of $30.92. The stock’s fifty day simple moving average is $26.43 and its 200-day simple moving average is $27.46. The company has a market capitalization of $5.89 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.75 and a beta of 0.92.

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

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 5.92%. Clearway Energy’s dividend payout ratio is currently 229.33%.

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.