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

Clearway Energy, Inc. (NYSE:CWEN) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $34.17.

CWEN has been the topic of a number of research analyst reports. Roth Mkm reissued a “buy” rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Clearway Energy Stock Up 0.4 %

NYSE CWEN opened at $29.78 on Friday. The stock’s 50 day simple moving average is $26.68 and its 200 day simple moving average is $27.47. Clearway Energy has a one year low of $20.87 and a one year high of $30.92. The firm has a market cap of $6.02 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. 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 (NYSE:CWEN) last announced 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). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.4312 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.79%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is presently 229.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CWEN. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy during the 4th quarter worth approximately $28,000. New Age Alpha Advisors LLC bought a new position in Clearway Energy in the fourth quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new position in Clearway Energy in the third quarter valued at approximately $50,000. SBI Securities Co. Ltd. acquired a new stake in Clearway Energy during the 4th quarter worth $51,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Clearway Energy during the 3rd quarter valued at $71,000. 84.53% of the stock is currently 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.