Clearway Energy Inc (NYSE:CWEN) shares were down 5.6% on Tuesday . The stock traded as low as $15.97 and last traded at $15.98. Approximately 2,758,362 shares changed hands during trading, an increase of 131% from the average daily volume of 1,194,032 shares. The stock had previously closed at $16.92.

Several research analysts have weighed in on CWEN shares. TheStreet upgraded shares of Clearway Energy from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. Guggenheim downgraded shares of Clearway Energy from a “buy” rating to a “neutral” rating in a report on Monday. Zacks Investment Research downgraded shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, ValuEngine downgraded shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Friday, November 16th.

The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.39 and a beta of 1.56.

Clearway Energy (NYSE:CWEN) last issued its earnings results 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). The business had revenue of $292.00 million for the quarter, compared to the consensus estimate of $295.37 million. Clearway Energy had a return on equity of 6.01% and a net margin of 4.32%. As a group, equities analysts expect that Clearway Energy Inc will post 1.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Monday, December 3rd were given a dividend of $0.331 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date was Friday, November 30th. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.32. Clearway Energy’s dividend payout ratio (DPR) is currently 162.96%.

In other Clearway Energy news, major shareholder Infrastructure Investor Global bought 132,612 shares of the business’s stock in a transaction on Thursday, December 27th. The stock was purchased at an average price of $16.59 per share, for a total transaction of $2,200,033.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in CWEN. Beach Investment Management LLC. purchased a new position in shares of Clearway Energy during the third quarter worth approximately $2,349,000. Csenge Advisory Group purchased a new position in shares of Clearway Energy in the third quarter worth $32,000. Financial Gravity Wealth Inc. purchased a new position in shares of Clearway Energy in the third quarter worth $221,000. Gilman Hill Asset Management LLC purchased a new position in shares of Clearway Energy in the third quarter worth $193,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Clearway Energy in the third quarter worth $510,000. Institutional investors and hedge funds own 30.41% of the company’s stock.

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About Clearway Energy (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).

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