Clearway Energy (NYSE:CWEN) Posts Earnings Results, Misses Expectations By $0.10 EPS

Clearway Energy (NYSE:CWEN) posted its quarterly earnings results on Monday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10), Zacks reports. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%.

Clearway Energy Stock Performance

Clearway Energy stock traded down $0.77 during midday trading on Monday, reaching $26.66. 1,740,997 shares of the company traded hands, compared to its average volume of 785,122. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The business has a 50 day moving average of $26.05 and a two-hundred day moving average of $27.55. 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.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.4312 per share. This is an increase 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 yield of 6.47%. Clearway Energy’s dividend payout ratio is 165.38%.

Insider Activity at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 8,153 shares in the company, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.57.

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.