Clearway Energy Inc (NYSE:CWEN) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.00.
CWEN has been the topic of a number of research reports. Zacks Investment Research lowered shares of Clearway Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 15th. TheStreet lowered shares of Clearway Energy from a “b-” rating to a “c” rating in a research note on Friday, December 7th. ValuEngine lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Macquarie lowered shares of Clearway Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Finally, Guggenheim lowered shares of Clearway Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th.
In other news, SVP Kevin P. Malcarney purchased 10,250 shares of Clearway Energy stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $14.58 per share, with a total value of $149,445.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Infrastructure Investor Global purchased 132,612 shares of Clearway Energy stock in a transaction dated Thursday, December 27th. The shares were purchased at an average cost of $16.59 per share, for a total transaction of $2,200,033.08. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 152,062 shares of company stock worth $2,483,596. Corporate insiders own 0.24% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Clearway Energy during the 3rd quarter valued at approximately $29,000. Csenge Advisory Group acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $32,000. Kayne Anderson Capital Advisors LP acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $107,000. Point72 Hong Kong Ltd acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $129,000. Finally, Berman Capital Advisors LLC acquired a new stake in Clearway Energy in the 4th quarter valued at approximately $122,000. 30.66% of the stock is currently owned by hedge funds and other institutional investors.
CWEN opened at $14.72 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.02 and a current ratio of 1.07. Clearway Energy has a 1-year low of $12.12 and a 1-year high of $20.75. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Thursday, February 28th. Clearway Energy’s payout ratio is presently 173.91%.
Clearway Energy Company Profile
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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