Clearway Energy (CWEN) to Release Earnings on Monday

Clearway Energy (NYSE:CWEN) will likely be releasing its earnings data after the market closes on Monday, February 24th. Analysts expect Clearway Energy to post earnings of $0.13 per share and revenue of $299.73 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Clearway Energy Stock Up 1.4 %

Shares of CWEN stock opened at $27.42 on Friday. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.75 and a beta of 0.88. Clearway Energy has a one year low of $20.63 and a one year high of $30.92. The company’s fifty day moving average price is $26.05 and its 200-day moving average price is $27.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.4312 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.29%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is presently 163.46%.

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total value of $53,480.00. Following the sale, the director now directly owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.57.

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.