Clearway Energy (NYSE:CWEN) Posts Earnings Results

Clearway Energy (NYSE:CWEN) posted its quarterly earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Stock Down 2.8 %

CWEN stock opened at $26.66 on Tuesday. The firm has a market cap of $5.39 billion, a PE ratio of 25.64, a P/E/G ratio of 1.75 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The firm’s fifty day moving average is $26.05 and its 200 day moving average is $27.54. Clearway Energy has a one year low of $20.63 and a one year high of $30.92.

Clearway Energy Increases Dividend

The company also recently declared 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 represents a $1.72 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s dividend payout ratio (DPR) is currently 165.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 stock. According to MarketBeat.com, Clearway Energy presently has an average rating of “Moderate Buy” and an average target price of $32.57.

Insider Activity at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

About Clearway Energy

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.