Clearway Energy Inc (NYSE:CWEN) fell 3% during mid-day trading on Thursday . The company traded as low as $16.83 and last traded at $16.58. 790,688 shares were traded during mid-day trading, an increase of 28% from the average session volume of 619,534 shares. The stock had previously closed at $17.09.

A number of brokerages have recently issued reports on CWEN. Zacks Investment Research lowered shares of Clearway Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. TheStreet raised shares of Clearway Energy from a “c” rating to a “b-” rating in a research report on Wednesday, October 31st.

The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 0.56. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.53 and a beta of 1.83.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). Clearway Energy had a net margin of 4.32% and a return on equity of 6.01%. The business had revenue of $292.00 million for the quarter, compared to the consensus estimate of $295.37 million. Sell-side analysts predict that Clearway Energy Inc will post 1.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.331 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date of this dividend is Friday, November 30th. This is an increase from Clearway Energy’s previous quarterly dividend of $0.32. Clearway Energy’s dividend payout ratio is currently 158.02%.

In other Clearway Energy news, major shareholder Infrastructure Investor Global acquired 59,727 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was acquired at an average price of $19.75 per share, with a total value of $1,179,608.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. FMR LLC bought a new stake in shares of Clearway Energy during the 3rd quarter valued at about $83,475,000. Beach Investment Counsel Inc. PA bought a new position in Clearway Energy in the 3rd quarter worth about $22,539,000. Verition Fund Management LLC bought a new position in Clearway Energy in the 3rd quarter worth about $7,077,000. Mcclain Value Management LLC bought a new position in Clearway Energy in the 3rd quarter worth about $5,710,000. Finally, CQS Cayman LP bought a new position in Clearway Energy in the 3rd quarter worth about $4,489,000. 28.95% of the stock is owned by institutional investors and hedge funds.

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Clearway Energy Company Profile (NYSE:CWEN)

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).

See Also: Intrinsic Value

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