Insider Selling: Clearway Energy, Inc. (NYSE:CWEN) Director Sells $53,480.00 in Stock

Clearway Energy, Inc. (NYSE:CWEN) Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now directly owns 8,153 shares of the company’s stock, valued at $218,011.22. This represents a 19.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Clearway Energy Stock Down 0.2 %

Shares of NYSE CWEN opened at $27.28 on Monday. The company has a 50-day moving average of $27.83 and a 200 day moving average of $27.60. Clearway Energy, Inc. has a 12-month low of $20.63 and a 12-month high of $30.92. 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 stock 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 posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $417.55 million. During the same period last year, the company earned $0.03 EPS. The business’s quarterly revenue was up 31.0% on a year-over-year basis. As a group, sell-side analysts predict that Clearway Energy, Inc. will post 0.82 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.424 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.70 annualized dividend and a dividend yield of 6.22%. Clearway Energy’s dividend payout ratio is 163.46%.

Institutional Trading of Clearway Energy

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. grew its stake 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 period. Ashton Thomas Securities LLC acquired a new position in shares of Clearway Energy in the 3rd quarter worth approximately $50,000. Quarry LP lifted its holdings in shares of Clearway Energy by 53.4% in the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after acquiring an additional 843 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Clearway Energy in the 3rd quarter worth approximately $71,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Clearway Energy in the 3rd quarter worth approximately $106,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Analyst Ratings Changes

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

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.