Clearway Energy, Inc. (NYSE:CWEN) Director Se Totalenergies Acquires 196,964 Shares of Stock

Clearway Energy, Inc. (NYSE:CWENGet Free Report) Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Clearway Energy Stock Up 0.0 %

Shares of NYSE:CWEN opened at $23.06 on Tuesday. The business has a 50-day moving average price of $22.79 and a 200 day moving average price of $23.50. Clearway Energy, Inc. has a 12-month low of $18.59 and a 12-month high of $32.24. The company has a current ratio of 1.72, a quick ratio of 1.66 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 33.91 and a beta of 0.87.

Clearway Energy (NYSE:CWENGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.15. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $282.45 million. Clearway Energy had a net margin of 6.01% and a return on equity of 1.80%. The business’s revenue was down 18.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Sell-side analysts expect that Clearway Energy, Inc. will post 0.93 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.403 per share. This represents a $1.61 dividend on an annualized basis and a yield of 6.99%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 29th. Clearway Energy’s dividend payout ratio is 236.76%.

Institutional Investors Weigh In On Clearway Energy

Institutional investors have recently modified their holdings of the company. Scarborough Advisors LLC purchased a new position in Clearway Energy during the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Clearway Energy in the third quarter valued at approximately $42,000. Avalon Trust Co acquired a new position in shares of Clearway Energy in the fourth quarter valued at approximately $47,000. Cohen & Steers Inc. increased its stake in Clearway Energy by 95.8% during the 4th quarter. Cohen & Steers Inc. now owns 2,009 shares of the company’s stock worth $55,000 after buying an additional 983 shares during the period. Finally, Spirit of America Management Corp NY lifted its holdings in Clearway Energy by 23.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 5,300 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares in the last quarter. 38.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CWEN shares. Royal Bank of Canada reduced their price objective on Clearway Energy from $26.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 27th. StockNews.com lowered Clearway Energy from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Oppenheimer upped their price objective on shares of Clearway Energy from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Finally, Morgan Stanley lifted their target price on shares of Clearway Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.33.

Read Our Latest Research Report on CWEN

Clearway Energy Company Profile

(Get Free Report)

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.

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