Clearway Energy, Inc. (NYSE:CWEN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Clearway Energy, Inc. (NYSE:CWEN) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.17.

CWEN has been the topic of several recent analyst reports. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Morgan Stanley upgraded shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. Finally, Roth Mkm reiterated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Clearway Energy in a report on Friday, August 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CWEN. Scarborough Advisors LLC purchased a new position in Clearway Energy in the fourth quarter valued at approximately $25,000. Mather Group LLC. acquired a new stake in shares of Clearway Energy during the first quarter worth approximately $37,000. Abich Financial Wealth Management LLC grew its position in shares of Clearway Energy by 49.8% during the first quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after buying an additional 625 shares in the last quarter. Whittier Trust Co. grew its position in shares of Clearway Energy by 33.8% during the second quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after buying an additional 512 shares in the last quarter. Finally, Quarry LP grew its position in shares of Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after buying an additional 843 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

Clearway Energy Price Performance

NYSE:CWEN opened at $29.07 on Friday. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average is $27.79 and its two-hundred day moving average is $25.63. Clearway Energy has a 12-month low of $18.59 and a 12-month high of $29.94.

Clearway Energy (NYSE:CWEN) last released its earnings results on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.23). The firm had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $424.59 million. Clearway Energy had a net margin of 7.21% and a return on equity of 1.80%. Clearway Energy’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. Research analysts expect that Clearway Energy will post 0.9 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.417 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, September 3rd. This represents a $1.67 annualized dividend and a yield of 5.74%. Clearway Energy’s dividend payout ratio (DPR) is presently 251.52%.

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.