Clearway Energy (CWEN) Scheduled to Post Earnings on Thursday

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

Clearway Energy (NYSE:CWEN) last released its earnings results on Thursday, February 22nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.15. The firm had revenue of $249.00 million for the quarter, compared to the consensus estimate of $282.45 million. Clearway Energy had a return on equity of 1.80% and a net margin of 6.01%. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. 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 Stock Performance

NYSE CWEN opened at $23.33 on Thursday. The company has a market cap of $4.71 billion, a P/E ratio of 34.51 and a beta of 0.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.66 and a current ratio of 1.72. The business’s 50 day moving average price is $22.47 and its 200-day moving average price is $23.65. Clearway Energy has a fifty-two week low of $18.59 and a fifty-two week high of $31.72.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.403 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.61 annualized dividend and a dividend yield of 6.91%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.40. Clearway Energy’s payout ratio is currently 236.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CWEN shares. Oppenheimer boosted their target price on Clearway Energy from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. StockNews.com downgraded Clearway Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Marathon Capitl reaffirmed an “equal weight” rating on shares of Clearway Energy in a research report on Tuesday, March 26th. Royal Bank of Canada cut 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. Finally, Morgan Stanley upped their price objective on Clearway Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.33.

Insiders Place Their Bets

In other news, Director Se Totalenergies bought 196,964 shares of the 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 acquisition, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.

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.