Clearway Energy (CWEN) Scheduled to Post Quarterly Earnings on Thursday

Clearway Energy (NYSE:CWEN) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data 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. Clearway Energy had a return on equity of 1.80% and a net margin of 6.01%. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $282.45 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. On average, analysts expect Clearway Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clearway Energy Trading Up 1.3 %

Shares of CWEN stock opened at $24.74 on Tuesday. Clearway Energy has a 1 year low of $18.59 and a 1 year high of $31.72. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.72 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $22.59 and its two-hundred day simple moving average is $23.72. The company has a market cap of $5.00 billion, a PE ratio of 36.38 and a beta of 0.86.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.403 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 29th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.52%. Clearway Energy’s dividend payout ratio is currently 236.76%.

Insiders Place Their Bets

In other Clearway Energy news, Director Se Totalenergies bought 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Marathon Capitl reissued an “equal weight” rating on shares of Clearway Energy in a research note on Tuesday, March 26th. Royal Bank of Canada dropped their price objective on Clearway Energy from $26.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 27th. Oppenheimer increased their price objective on Clearway Energy from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Morgan Stanley increased their price objective on Clearway Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. Finally, StockNews.com cut Clearway Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Clearway Energy has an average rating of “Hold” and a consensus price target of $28.33.

About Clearway Energy

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.