Equities research analysts expect Clearway Energy, Inc. (NYSE:CWEN – Get Rating) to report $0.30 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Clearway Energy’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.27. Clearway Energy also reported earnings per share of $0.30 during the same quarter last year. The company is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Clearway Energy will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.34 to $1.10. For the next financial year, analysts forecast that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.09 to $1.59. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Clearway Energy.
Clearway Energy (NYSE:CWEN – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The business had revenue of $214.00 million for the quarter, compared to analysts’ expectations of $244.91 million. Clearway Energy had a return on equity of 0.52% and a net margin of 1.27%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cohen & Steers Inc. boosted its stake in Clearway Energy by 198.4% during the 3rd quarter. Cohen & Steers Inc. now owns 1,822,057 shares of the company’s stock worth $55,154,000 after purchasing an additional 1,211,498 shares during the last quarter. Eventide Asset Management LLC boosted its stake in Clearway Energy by 5.7% during the 4th quarter. Eventide Asset Management LLC now owns 1,483,200 shares of the company’s stock worth $53,440,000 after purchasing an additional 80,600 shares during the last quarter. Cushing Asset Management LP boosted its stake in Clearway Energy by 2.8% during the 4th quarter. Cushing Asset Management LP now owns 872,525 shares of the company’s stock worth $31,437,000 after purchasing an additional 23,724 shares during the last quarter. First Trust Advisors LP boosted its stake in Clearway Energy by 20.8% during the 4th quarter. First Trust Advisors LP now owns 788,800 shares of the company’s stock worth $28,420,000 after purchasing an additional 136,015 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Clearway Energy by 4.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 419,995 shares of the company’s stock worth $15,334,000 after purchasing an additional 18,036 shares during the last quarter. 34.38% of the stock is currently owned by institutional investors.
Shares of NYSE CWEN opened at $31.16 on Monday. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 239.69, a PEG ratio of 5.36 and a beta of 0.68. Clearway Energy has a 12 month low of $24.98 and a 12 month high of $39.75. The firm’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $34.75. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.94 and a quick ratio of 0.92.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.354 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.54%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.35. Clearway Energy’s dividend payout ratio (DPR) is currently 1,069.23%.
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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