Analysts Set Clearway Energy, Inc. (NYSE:CWEN) Price Target at $34.17

Clearway Energy, Inc. (NYSE:CWEN) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $34.17.

A number of brokerages recently commented on CWEN. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Roth Mkm reiterated a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th.

Institutional Trading of Clearway Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy in the fourth quarter worth $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy in the fourth quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Clearway Energy in the third quarter worth $50,000. SBI Securities Co. Ltd. acquired a new stake in shares of Clearway Energy in the fourth quarter worth $51,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Clearway Energy in the third quarter worth $71,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Stock Performance

Shares of CWEN opened at $30.06 on Friday. The company’s 50 day moving average price is $26.84 and its 200 day moving average price is $27.50. Clearway Energy has a 52 week low of $21.06 and a 52 week high of $30.92. The company has a market capitalization of $6.08 billion, a PE ratio of 28.90, a PEG ratio of 1.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The company had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $299.73 million. Research analysts expect that Clearway Energy will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.4312 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 5.74%. Clearway Energy’s payout ratio is 229.33%.

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.