Clearway Energy (CWEN) Scheduled to Post Earnings on Thursday

Clearway Energy (NYSE:CWENGet Rating) is set to announce its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Clearway Energy (NYSE:CWENGet Rating) last announced its quarterly earnings data on Monday, February 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.24). The firm had revenue of $318.00 million during the quarter, compared to analyst estimates of $291.00 million. Clearway Energy had a net margin of 3.97% and a return on equity of 2.75%. On average, analysts expect Clearway Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of CWEN opened at $31.73 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.92 and a current ratio of 0.94. The stock has a market capitalization of $6.41 billion, a P/E ratio of 72.11, a P/E/G ratio of 5.66 and a beta of 0.59. The company’s fifty day moving average is $34.75 and its two-hundred day moving average is $34.81. Clearway Energy has a 1 year low of $24.93 and a 1 year high of $39.75.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were paid a $0.347 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.34. This represents a $1.39 annualized dividend and a yield of 4.37%. The ex-dividend date was Monday, February 28th. Clearway Energy’s payout ratio is currently 315.91%.

A number of equities analysts have recently weighed in on CWEN shares. Zacks Investment Research cut shares of Clearway Energy from a “hold” rating to a “strong sell” rating and set a $28.00 price target on the stock. in a research note on Wednesday, January 19th. StockNews.com initiated coverage on shares of Clearway Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Clearway Energy presently has an average rating of “Hold” and a consensus price target of $36.20.

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in Clearway Energy by 17.3% in the 4th quarter. Sei Investments Co. now owns 94,503 shares of the company’s stock valued at $3,404,000 after purchasing an additional 13,933 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Clearway Energy in the 3rd quarter valued at about $237,000. Flagship Harbor Advisors LLC purchased a new position in Clearway Energy in the 4th quarter valued at about $234,000. Finally, SG3 Management LLC purchased a new position in Clearway Energy in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

About Clearway Energy (Get Rating)

Clearway Energy, Inc, through its subsidiaries, engages in the renewable energy businesses in the United States. It had approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems.

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Earnings History for Clearway Energy (NYSE:CWEN)

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