Shares of Clearway Energy, Inc. (NYSE:CWEN) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.50.
CWEN has been the topic of a number of analyst reports. Wolfe Research raised Clearway Energy from a “peer perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Wednesday, March 31st. Seaport Global Securities raised Clearway Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, March 30th. Tudor Pickering initiated coverage on Clearway Energy in a research report on Thursday, April 29th. They issued a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research raised Clearway Energy from a “sell” rating to a “hold” rating and set a $29.00 price target on the stock in a research report on Monday, March 8th. Finally, Morgan Stanley increased their price target on Clearway Energy from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday.
In other news, CEO Christopher S. Sotos purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 4th. The shares were purchased at an average price of $26.26 per share, for a total transaction of $52,520.00. Following the purchase, the chief executive officer now directly owns 25,100 shares of the company’s stock, valued at approximately $659,126. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.
Shares of CWEN stock traded down $0.10 on Tuesday, hitting $28.45. The stock had a trading volume of 674,521 shares, compared to its average volume of 894,162. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.28 and a quick ratio of 1.21. The firm has a market capitalization of $5.74 billion, a P/E ratio of 79.03, a P/E/G ratio of 2.10 and a beta of 0.62. Clearway Energy has a 1 year low of $19.73 and a 1 year high of $37.23. The company’s 50 day moving average price is $28.19 and its 200-day moving average price is $30.24.
Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Monday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.75). The firm had revenue of $280.00 million during the quarter, compared to analysts’ expectations of $296.00 million. Clearway Energy had a net margin of 3.81% and a return on equity of 2.27%. On average, equities analysts forecast that Clearway Energy will post 1.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were paid a dividend of $0.324 per share. This represents a $1.30 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Friday, February 26th. This is an increase from Clearway Energy’s previous quarterly dividend of $0.32. Clearway Energy’s dividend payout ratio (DPR) is currently -1,300.00%.
About Clearway Energy
Clearway Energy, Inc, through its subsidiaries, engages in the renewable energy businesses in the United States. As of March 2, 2021, it had approximately 4,200 net megawatts (MW) of installed wind and solar generation projects; and 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems.
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