Clearway Energy, Inc. (NYSE:CWEN) Receives $32.57 Consensus Target Price from Brokerages

Shares of Clearway Energy, Inc. (NYSE:CWEN) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $32.57.

Separately, StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th.

Insider Transactions at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the sale, the director now directly owns 8,153 shares in the company, valued at $218,011.22. The trade was a 19.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Clearway Energy

Several institutional investors have recently added to or reduced their stakes in CWEN. Mascoma Wealth Management LLC acquired a new position in Clearway Energy in the 4th quarter valued at $28,000. New Age Alpha Advisors LLC acquired a new position in shares of Clearway Energy during the 4th quarter worth $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Clearway Energy during the 3rd quarter worth $50,000. SBI Securities Co. Ltd. acquired a new position in shares of Clearway Energy during the 4th quarter worth $51,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Clearway Energy during the 3rd quarter worth $71,000. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Price Performance

Shares of CWEN opened at $26.72 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy has a 1 year low of $20.63 and a 1 year high of $30.92. The stock has a market cap of $5.40 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.88. The stock’s 50-day moving average price is $26.05 and its two-hundred day moving average price is $27.57.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.4312 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 6.46%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is currently 163.46%.

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.