Clearway Energy’s (CWEN) Buy Rating Reiterated at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Clearway Energy (NYSE:CWEN) in a report published on Tuesday,Benzinga reports. The firm currently has a $34.00 price objective on the stock, up from their prior price objective of $33.00.

Separately, StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.17.

Clearway Energy Stock Performance

Shares of NYSE:CWEN opened at $27.31 on Tuesday. 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 12-month low of $20.63 and a 12-month high of $30.92. The company’s 50 day moving average price is $26.14 and its two-hundred day moving average price is $27.53. The firm has a market cap of $5.52 billion, a PE ratio of 26.26, a PEG ratio of 1.75 and a beta of 0.88.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). The company 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%. Equities research analysts predict that Clearway Energy will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.4312 dividend. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is presently 165.38%.

Insider Buying and Selling

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the firm’s 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 sale, the director now owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clearway Energy

Several hedge funds have recently modified their holdings of the company. Principal Street Partners LLC raised its position in Clearway Energy by 1.7% in the fourth quarter. Principal Street Partners LLC now owns 210,400 shares of the company’s stock valued at $5,470,000 after purchasing an additional 3,606 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of Clearway Energy by 251.4% in the fourth quarter. Voloridge Investment Management LLC now owns 470,565 shares of the company’s stock valued at $12,235,000 after buying an additional 336,668 shares during the period. Squarepoint Ops LLC raised its holdings in Clearway Energy by 88.0% in the 4th quarter. Squarepoint Ops LLC now owns 189,238 shares of the company’s stock valued at $4,920,000 after buying an additional 88,560 shares during the last quarter. Teza Capital Management LLC acquired a new stake in Clearway Energy during the 4th quarter worth approximately $711,000. Finally, Point72 Hong Kong Ltd bought a new stake in Clearway Energy during the 4th quarter worth approximately $166,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

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.