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

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

Separately, Roth Mkm reiterated a “buy” rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.17.

Clearway Energy Price Performance

Clearway Energy stock opened at $27.31 on Tuesday. The stock has a market capitalization of $5.52 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.75 and a beta of 0.88. Clearway Energy has a 12-month low of $20.63 and a 12-month high of $30.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The firm’s 50-day moving average is $26.14 and its two-hundred day moving average is $27.53.

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 firm had revenue of $256.00 million during the quarter, compared to analysts’ expectations of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Equities analysts predict that Clearway Energy will post 0.83 earnings per share for the current 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 given a dividend of $0.4312 per share. This represents a $1.72 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s payout ratio is 165.38%.

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the sale, 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 this link. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy in the fourth quarter worth $28,000. New Age Alpha Advisors LLC acquired a new stake in Clearway Energy in the 4th quarter valued at $31,000. Ashton Thomas Securities LLC purchased a new position in Clearway Energy in the third quarter valued at about $50,000. SBI Securities Co. Ltd. acquired a new position in shares of Clearway Energy during the fourth quarter worth about $51,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Clearway Energy in the third quarter worth about $71,000. 84.53% of the stock is owned by institutional investors and hedge funds.

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.