Clearway Energy (NYSE:CWEN.A) Stock Price Down 0.8%

Shares of Clearway Energy Inc (NYSE:CWEN.A – Get Rating) fell 0.8% during mid-day trading on Friday . The company traded as low as $27.91 and last traded at $28.28. 205,444 shares changed hands during mid-day trading, The stock had previously closed at $28.50.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Clearway Energy from a “c+” rating to a “b” rating in a research report on Thursday, May 4th.

Clearway Energy Stock Down 0.8 %

The company has a 50 day moving average of $29.41 and a 200-day moving average of $30.55.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.3818 per share. This represents a $1.53 annualized dividend and a yield of 5.40%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, May 31st.

Clearway Energy Company Profile

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Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems.