Clearway Energy (NYSE:CWEN) Issues Earnings Results, Misses Expectations By $0.10 EPS

Clearway Energy (NYSE:CWEN) posted its quarterly earnings data on Monday. The company reported $0.03 earnings per share 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 Trading Down 2.8 %

NYSE:CWEN opened at $26.66 on Tuesday. Clearway Energy has a 52 week low of $20.63 and a 52 week high of $30.92. The firm has a 50 day moving average of $26.05 and a 200 day moving average of $27.54. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.75 and a beta of 0.88.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.47%. Clearway Energy’s dividend payout ratio (DPR) is currently 165.38%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Insider Activity at Clearway Energy

In other Clearway Energy 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 value of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

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.