Strs Ohio raised its stake in Clearway Energy, Inc. (NYSE:CWEN – Get Rating) by 71.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,800 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Strs Ohio’s holdings in Clearway Energy were worth $152,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. SVB Wealth LLC increased its stake in Clearway Energy by 2.8% in the 2nd quarter. SVB Wealth LLC now owns 9,272 shares of the company’s stock valued at $323,000 after buying an additional 256 shares during the period. Genesee Capital Advisors LLC increased its stake in shares of Clearway Energy by 0.9% during the 3rd quarter. Genesee Capital Advisors LLC now owns 35,865 shares of the company’s stock worth $1,142,000 after purchasing an additional 333 shares during the last quarter. HNP Capital LLC increased its stake in shares of Clearway Energy by 0.6% during the 3rd quarter. HNP Capital LLC now owns 54,761 shares of the company’s stock worth $1,744,000 after purchasing an additional 342 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Clearway Energy by 6.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 6,958 shares of the company’s stock worth $222,000 after purchasing an additional 399 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its stake in shares of Clearway Energy by 8.7% during the 2nd quarter. United Capital Financial Advisers LLC now owns 6,824 shares of the company’s stock worth $238,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Clearway Energy in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. CIBC upgraded shares of Clearway Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.
Insider Buying and Selling at Clearway Energy
Clearway Energy Price Performance
NYSE CWEN opened at $33.26 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.78 and a debt-to-equity ratio of 1.59. The company has a fifty day simple moving average of $33.70 and a 200 day simple moving average of $35.06. The company has a market cap of $6.71 billion, a P/E ratio of 6.90, a P/E/G ratio of 1.56 and a beta of 0.73. Clearway Energy, Inc. has a 1 year low of $29.61 and a 1 year high of $41.79.
Clearway Energy (NYSE:CWEN – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.15. The business had revenue of $340.00 million during the quarter, compared to the consensus estimate of $358.35 million. Clearway Energy had a net margin of 45.32% and a negative return on equity of 12.43%. On average, sell-side analysts predict that Clearway Energy, Inc. will post 0.95 EPS for the current year.
Clearway Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $0.367 dividend. The ex-dividend date was Wednesday, November 30th. This is an increase from Clearway Energy’s previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a yield of 4.41%. Clearway Energy’s dividend payout ratio is 30.50%.
Clearway Energy Profile
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.
- Get a free copy of the StockNews.com research report on Clearway Energy (CWEN)
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