Corient Private Wealth LLC Has $495,000 Position in Clearway Energy, Inc. (NYSE:CWEN)

Corient Private Wealth LLC reduced its position in shares of Clearway Energy, Inc. (NYSE:CWENFree Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,061 shares of the company’s stock after selling 3,795 shares during the period. Corient Private Wealth LLC’s holdings in Clearway Energy were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. New York Life Investment Management LLC raised its holdings in Clearway Energy by 17.0% in the 3rd quarter. New York Life Investment Management LLC now owns 20,103 shares of the company’s stock valued at $425,000 after acquiring an additional 2,916 shares in the last quarter. Shell Asset Management Co. raised its holdings in Clearway Energy by 171.7% in the 3rd quarter. Shell Asset Management Co. now owns 14,426 shares of the company’s stock valued at $305,000 after acquiring an additional 9,116 shares in the last quarter. Pathstone Family Office LLC raised its holdings in Clearway Energy by 157.7% in the 3rd quarter. Pathstone Family Office LLC now owns 23,576 shares of the company’s stock valued at $499,000 after acquiring an additional 14,426 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Clearway Energy by 19.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 99,419 shares of the company’s stock valued at $2,104,000 after acquiring an additional 16,028 shares in the last quarter. Finally, Prudent Man Advisors LLC acquired a new position in Clearway Energy in the 3rd quarter valued at $687,000. 38.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Se Totalenergies purchased 196,964 shares of Clearway Energy stock in a transaction on Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CWEN has been the subject of several analyst reports. StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Evercore ISI lifted their price target on Clearway Energy from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Roth Mkm lifted their price target on Clearway Energy from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Marathon Capitl reiterated an “equal weight” rating on shares of Clearway Energy in a research note on Tuesday, March 26th. Finally, Morgan Stanley lifted their price target on Clearway Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and an average price target of $29.00.

View Our Latest Research Report on Clearway Energy

Clearway Energy Trading Down 3.3 %

Shares of CWEN stock opened at $27.70 on Friday. The firm has a market capitalization of $5.60 billion, a P/E ratio of 41.97 and a beta of 0.90. Clearway Energy, Inc. has a twelve month low of $18.59 and a twelve month high of $30.83. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $24.89 and its 200 day simple moving average is $24.45.

Clearway Energy (NYSE:CWENGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.25. The business had revenue of $263.00 million for the quarter, compared to analyst estimates of $286.26 million. Clearway Energy had a return on equity of 1.67% and a net margin of 5.97%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that Clearway Energy, Inc. will post 1.01 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 5.92%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.40. Clearway Energy’s payout ratio is currently 248.49%.

About Clearway Energy

(Free Report)

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.

Further Reading

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

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