Walleye Capital LLC Reduces Stake in Clearway Energy, Inc. (NYSE:CWEN)

Walleye Capital LLC lowered its position in Clearway Energy, Inc. (NYSE:CWENGet Rating) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,824 shares of the company’s stock after selling 11,593 shares during the period. Walleye Capital LLC’s holdings in Clearway Energy were worth $1,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CWEN. Beach Investment Counsel Inc. PA purchased a new stake in Clearway Energy in the first quarter valued at approximately $7,715,000. ClearBridge Investments Ltd boosted its position in Clearway Energy by 4.0% in the first quarter. ClearBridge Investments Ltd now owns 5,246,887 shares of the company’s stock valued at $77,619,000 after buying an additional 204,217 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in Clearway Energy by 72.9% in the first quarter. HITE Hedge Asset Management LLC now owns 473,621 shares of the company’s stock valued at $17,292,000 after buying an additional 199,700 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Clearway Energy by 7.1% in the first quarter. 1832 Asset Management L.P. now owns 1,595,041 shares of the company’s stock valued at $57,434,000 after buying an additional 106,426 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Clearway Energy by 8,994.2% in the first quarter. Eaton Vance Management now owns 95,307 shares of the company’s stock valued at $3,479,000 after buying an additional 94,259 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Clearway Energy Stock Up 1.7 %

Shares of NYSE:CWEN opened at $38.47 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.18 and a debt-to-equity ratio of 1.58. The business has a fifty day moving average of $37.42 and a two-hundred day moving average of $35.43. The stock has a market cap of $7.77 billion, a P/E ratio of 8.15, a PEG ratio of 2.49 and a beta of 0.64. Clearway Energy, Inc. has a 52-week low of $29.61 and a 52-week high of $41.79.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.36 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.74%. The ex-dividend date was Wednesday, August 31st. Clearway Energy’s dividend payout ratio is presently 30.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TheStreet raised Clearway Energy from a “c+” rating to a “b+” rating in a report on Tuesday, August 2nd. StockNews.com raised Clearway Energy from a “hold” rating to a “buy” rating in a report on Thursday. Roth Capital reissued a “buy” rating on shares of Clearway Energy in a report on Friday, May 27th. CIBC initiated coverage on Clearway Energy in a report on Thursday, June 9th. They issued a “neutral” rating and a $36.00 price target for the company. Finally, Morgan Stanley reduced their target price on Clearway Energy from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.75.

Clearway Energy Company Profile

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Clearway Energy, Inc operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc and changed its name to Clearway Energy, Inc in August 2018.

See Also

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Institutional Ownership by Quarter for Clearway Energy (NYSE:CWEN)

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