Clearway Energy (CWEN) to Release Quarterly Earnings on Thursday

Clearway Energy (NYSE:CWEN) will be releasing its earnings data before the market opens on Thursday, February 28th. Analysts expect Clearway Energy to post earnings of $0.05 per share for the quarter.

NYSE CWEN opened at $14.23 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 0.56. Clearway Energy has a 52-week low of $12.12 and a 52-week high of $20.75. The stock has a market cap of $2.80 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.36 and a beta of 1.23.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, February 28th. Clearway Energy’s dividend payout ratio is currently 162.96%.

In related news, major shareholder Infrastructure Investor Global purchased 132,612 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were purchased at an average price of $16.59 per share, with a total value of $2,200,033.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

A number of research firms recently issued reports on CWEN. ValuEngine lowered Clearway Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. TheStreet lowered Clearway Energy from a “b-” rating to a “c” rating in a report on Friday, December 7th. Macquarie lowered Clearway Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Zacks Investment Research lowered Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Guggenheim lowered Clearway Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The company currently has an average rating of “Sell” and a consensus target price of $16.50.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2019/02/21/clearway-energy-cwen-to-release-quarterly-earnings-on-thursday.html.

Clearway Energy Company Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

Recommended Story: What is a stock buyback?

Earnings History for Clearway Energy (NYSE:CWEN)

Receive News & Ratings for Clearway Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearway Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit