Clearway Energy (NYSE:CWEN) Stock Rating Lowered by StockNews.com

Clearway Energy (NYSE:CWEN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, Roth Mkm reiterated a “buy” rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Clearway Energy presently has an average rating of “Moderate Buy” and a consensus price target of $32.86.

Clearway Energy Price Performance

Clearway Energy stock traded up $0.62 during mid-day trading on Tuesday, hitting $27.32. 1,224,403 shares of the company were exchanged, compared to its average volume of 802,153. The company has a market capitalization of $5.52 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The business has a fifty day moving average of $26.07 and a 200 day moving average of $27.53. Clearway Energy has a 1-year low of $20.63 and a 1-year high of $30.92. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN) last announced its earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $256.00 million for the quarter, compared to analyst estimates of $299.73 million. As a group, sell-side analysts expect that Clearway Energy will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Clearway Energy news, 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 completion of the sale, the director now directly owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Clearway Energy

Several institutional investors have recently modified their holdings of CWEN. CIBC Asset Management Inc lifted its holdings in Clearway Energy by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock valued at $236,000 after buying an additional 414 shares during the period. Uniplan Investment Counsel Inc. raised its position in shares of Clearway Energy by 0.9% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 65,506 shares of the company’s stock valued at $1,703,000 after acquiring an additional 586 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of Clearway Energy by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock valued at $5,806,000 after purchasing an additional 699 shares during the period. Ballentine Partners LLC boosted its position in shares of Clearway Energy by 5.2% in the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after purchasing an additional 787 shares during the last quarter. Finally, Quad Cities Investment Group LLC boosted its position in shares of Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after purchasing an additional 886 shares during the last quarter. Institutional investors and hedge funds own 84.53% 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.