Clearway Energy (NYSE:CWEN) Issues Quarterly Earnings Results

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

Clearway Energy Price Performance

NYSE CWEN traded down $0.77 on Monday, reaching $26.66. The company had a trading volume of 1,740,997 shares, compared to its average volume of 785,122. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.39 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The firm’s 50 day moving average price is $26.05 and its 200 day moving average price is $27.55. Clearway Energy has a 12 month low of $20.63 and a 12 month high of $30.92.

Clearway Energy Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction 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 directly owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by insiders.

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.