Insider Selling: Clearway Energy, Inc. (NYSE:CWEN) Director Sells 2,000 Shares of Stock

Clearway Energy, Inc. (NYSE:CWEN) Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Clearway Energy Trading Down 0.2 %

Shares of NYSE:CWEN opened at $27.28 on Monday. Clearway Energy, Inc. has a 52 week low of $20.63 and a 52 week high of $30.92. The company’s 50 day moving average is $27.83 and its two-hundred day moving average is $27.60. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The company has a market cap of $5.51 billion, a PE ratio of 26.23, a P/E/G ratio of 1.26 and a beta of 0.86.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The firm had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $417.55 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. Equities analysts predict that Clearway Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.424 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.22%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 2nd. Clearway Energy’s dividend payout ratio (DPR) is 163.46%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CWEN. Jefferies Financial Group began coverage on shares of Clearway Energy in a report on Friday, September 20th. They set a “buy” rating and a $35.00 target price on the stock. StockNews.com lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 30th. CIBC increased their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. Finally, BNP Paribas began coverage on shares of Clearway Energy in a report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Clearway Energy has a consensus rating of “Moderate Buy” and an average target price of $33.13.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Clearway Energy in the 3rd quarter valued at $50,000. Whittier Trust Co. grew its position in shares of Clearway Energy by 33.8% in the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock valued at $50,000 after buying an additional 512 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy in the 3rd quarter valued at $71,000. Quarry LP grew its position in shares of Clearway Energy by 53.4% in the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock valued at $60,000 after buying an additional 843 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Clearway Energy in the 3rd quarter valued at $106,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

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.