Clearway Energy, Inc. (NYSE:CWEN) Position Cut by Shell Asset Management Co.

Shell Asset Management Co. trimmed its holdings in Clearway Energy, Inc. (NYSE:CWEN – Get Rating) by 22.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,359 shares of the company’s stock after selling 1,540 shares during the quarter. Shell Asset Management Co.’s holdings in Clearway Energy were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cowa LLC bought a new position in Clearway Energy in the 3rd quarter worth approximately $38,000. Sentry Investment Management LLC bought a new position in Clearway Energy during the 3rd quarter valued at $42,000. Phocas Financial Corp. bought a new position in Clearway Energy during the 4th quarter valued at $43,000. Macquarie Group Ltd. boosted its stake in Clearway Energy by 31.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,272 shares of the company’s stock valued at $114,000 after purchasing an additional 775 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Clearway Energy during the 3rd quarter valued at $134,000. 77.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CWEN has been the subject of a number of research reports. StockNews.com initiated coverage on Clearway Energy in a research note on Thursday, March 16th. They set a “hold” rating for the company. Oppenheimer decreased their price target on Clearway Energy from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.75.

Insider Activity

In other Clearway Energy news, Director Infrastructure Investor Global bought 71,980 shares of Clearway Energy stock in a transaction dated Friday, March 31st. The stock was bought at an average price of $31.15 per share, for a total transaction of $2,242,177.00. Following the completion of the acquisition, the director now directly owns 172,601 shares of the company’s stock, valued at $5,376,521.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Clearway Energy Stock Performance

CWEN opened at $30.71 on Friday. The firm has a market cap of $6.20 billion, a PE ratio of 5.83, a P/E/G ratio of 1.62 and a beta of 0.73. The company has a quick ratio of 1.94, a current ratio of 2.02 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of $30.77 and a 200-day simple moving average of $32.59. Clearway Energy, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $41.79.

Clearway Energy (NYSE:CWEN – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.88) by $0.98. The business had revenue of $268.00 million during the quarter, compared to analyst estimates of $313.21 million. Clearway Energy had a negative return on equity of 9.85% and a net margin of 48.58%. As a group, equities analysts predict that Clearway Energy, Inc. will post 1.85 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.382 per share. The ex-dividend date is Wednesday, May 31st. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.38. This represents a $1.53 annualized dividend and a dividend yield of 4.98%. Clearway Energy’s dividend payout ratio (DPR) is currently 28.84%.

Clearway Energy Company Profile

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Clearway Energy, Inc engages in the ownership of contracted renewable and conventional generation facilities and thermal infrastructure assets. It operates through the following segments: Conventional Generation, Thermal, Renewable, and Corporate. The Renewable segment include solar and wind business.