Clearway Energy Inc (NYSE:CWEN) – Investment analysts at Oppenheimer issued their FY2018 EPS estimates for Clearway Energy in a report issued on Tuesday, November 6th. Oppenheimer analyst C. Rusch anticipates that the company will earn $1.22 per share for the year. Oppenheimer also issued estimates for Clearway Energy’s Q4 2018 earnings at $0.08 EPS and FY2019 earnings at $1.64 EPS.
Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.33). The company had revenue of $292.00 million for the quarter, compared to analysts’ expectations of $295.37 million. Clearway Energy had a return on equity of 6.14% and a net margin of 4.32%.
Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Clearway Energy from a “sell” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, October 15th. TheStreet upgraded shares of Clearway Energy from a “c” rating to a “b-” rating in a research report on Wednesday, October 31st.
Shares of NYSE:CWEN opened at $19.86 on Friday. The company has a market cap of $3.79 billion, a PE ratio of 24.52, a P/E/G ratio of 0.45 and a beta of 1.83. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 2.29. Clearway Energy has a twelve month low of $15.55 and a twelve month high of $20.75.
Hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP purchased a new stake in Clearway Energy in the 3rd quarter valued at $107,000. Whittier Trust Co. purchased a new stake in Clearway Energy in the 3rd quarter valued at $114,000. NEXT Financial Group Inc purchased a new stake in Clearway Energy in the 3rd quarter valued at $186,000. Gilman Hill Asset Management LLC purchased a new stake in Clearway Energy in the 3rd quarter valued at $193,000. Finally, Financial Gravity Wealth Inc. purchased a new stake in Clearway Energy in the 3rd quarter valued at $221,000. Hedge funds and other institutional investors own 28.71% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.331 dividend. This is an increase from Clearway Energy’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 30th. This represents a $1.32 annualized dividend and a yield of 6.67%. Clearway Energy’s dividend payout ratio is 158.02%.
About Clearway Energy
Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).
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