Clearway Energy Inc (CWEN) Receives $11.00 Consensus Target Price from Analysts

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Clearway Energy Inc (NYSE:CWEN) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $11.00.

Several equities research analysts recently weighed in on the company. ValuEngine raised Clearway Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Guggenheim cut Clearway Energy from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a research note on Wednesday, February 13th. Zacks Investment Research raised Clearway Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Macquarie cut Clearway Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th.

A number of hedge funds have recently modified their holdings of CWEN. Reilly Financial Advisors LLC purchased a new stake in Clearway Energy in the first quarter worth $28,000. Quadrant Capital Group LLC grew its stake in Clearway Energy by 903.6% in the first quarter. Quadrant Capital Group LLC now owns 3,352 shares of the company’s stock worth $50,000 after purchasing an additional 3,018 shares during the period. Macquarie Group Ltd. grew its stake in Clearway Energy by 168.9% in the first quarter. Macquarie Group Ltd. now owns 4,571 shares of the company’s stock worth $69,000 after purchasing an additional 2,871 shares during the period. Berman Capital Advisors LLC purchased a new stake in shares of Clearway Energy in the fourth quarter worth $122,000. Finally, NumerixS Investment Technologies Inc grew its stake in shares of Clearway Energy by 366.7% in the first quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock worth $146,000 after acquiring an additional 7,700 shares during the last quarter. 31.58% of the stock is currently owned by institutional investors.

Shares of CWEN traded down $0.03 during mid-day trading on Friday, hitting $16.10. 606,700 shares of the company’s stock traded hands, compared to its average volume of 973,985. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.23 and a current ratio of 0.26. Clearway Energy has a 1 year low of $12.12 and a 1 year high of $20.75. The stock has a market capitalization of $3.14 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.20). Clearway Energy had a net margin of 1.15% and a return on equity of 0.53%. The business had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $230.11 million. During the same period last year, the firm posted $0.16 earnings per share. Clearway Energy’s quarterly revenue was down 3.6% on a year-over-year basis. Research analysts forecast that Clearway Energy will post 1.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 4.97%. Clearway Energy’s payout ratio is 173.91%.

Clearway Energy Company Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems.

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