Clearway Energy Inc (NYSE:CWEN) has been given an average recommendation of “Hold” by the five research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.00.

Several research analysts have recently weighed in on CWEN shares. ValuEngine lowered Clearway Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Macquarie downgraded Clearway Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Zacks Investment Research downgraded Clearway Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 15th. Finally, Guggenheim downgraded Clearway Energy from a “neutral” rating to a “sell” rating and set a $11.00 price target for the company. in a research note on Wednesday, February 13th.

Shares of Clearway Energy stock traded down $0.32 on Monday, hitting $15.34. The stock had a trading volume of 1,077,600 shares, compared to its average volume of 1,047,693. Clearway Energy has a twelve month low of $12.12 and a twelve month high of $20.75. The company has a current ratio of 0.26, a quick ratio of 1.02 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.51 and a beta of 1.23.

Clearway Energy (NYSE:CWEN) last issued its earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.20). The business had revenue of $217.00 million during the quarter, compared to analyst estimates of $230.11 million. Clearway Energy had a net margin of 1.15% and a return on equity of 0.53%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. As a group, equities research analysts predict that Clearway Energy will post 1.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.22%. Clearway Energy’s dividend payout ratio (DPR) is currently 173.91%.

In other news, CFO Chad Plotkin bought 2,700 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $14.79 per share, with a total value of $39,933.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher S. Sotos bought 6,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $14.49 per share, for a total transaction of $94,185.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 19,450 shares of company stock valued at $283,563 in the last quarter. Company insiders own 0.24% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Clearway Energy by 37.7% during the 4th quarter. FMR LLC now owns 5,972,339 shares of the company’s stock worth $103,023,000 after buying an additional 1,635,971 shares in the last quarter. Reaves W H & Co. Inc. raised its holdings in shares of Clearway Energy by 10.0% in the 1st quarter. Reaves W H & Co. Inc. now owns 1,108,419 shares of the company’s stock worth $16,748,000 after purchasing an additional 101,000 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Clearway Energy by 13.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 783,852 shares of the company’s stock worth $11,843,000 after purchasing an additional 95,719 shares during the period. Ecofin Ltd. raised its holdings in shares of Clearway Energy by 48.3% in the 4th quarter. Ecofin Ltd. now owns 433,010 shares of the company’s stock worth $7,469,000 after purchasing an additional 141,053 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Clearway Energy by 66.8% in the 4th quarter. Two Sigma Investments LP now owns 200,476 shares of the company’s stock worth $3,458,000 after purchasing an additional 80,295 shares during the period. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Company Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems.

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