Clearway Energy Inc Class C (NYLD) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in shares of Clearway Energy Inc Class C (NYSE:NYLD) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,342 shares of the utilities provider’s stock after buying an additional 14,898 shares during the period. Baird Financial Group Inc. owned about 0.10% of Clearway Energy Inc Class C worth $3,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board boosted its position in shares of Clearway Energy Inc Class C by 5.0% during the second quarter. State of Wisconsin Investment Board now owns 1,105,653 shares of the utilities provider’s stock worth $19,017,000 after buying an additional 52,853 shares during the period. Summit Trail Advisors LLC boosted its position in shares of Clearway Energy Inc Class C by 305,805.8% during the first quarter. Summit Trail Advisors LLC now owns 688,288 shares of the utilities provider’s stock worth $688,000 after buying an additional 688,063 shares during the period. WBI Investments Inc. purchased a new position in shares of Clearway Energy Inc Class C during the second quarter worth $5,425,000. Wexford Capital LP purchased a new position in shares of Clearway Energy Inc Class C during the first quarter worth $3,756,000. Finally, MD Sass Investors Services Inc. boosted its position in shares of Clearway Energy Inc Class C by 38.9% during the first quarter. MD Sass Investors Services Inc. now owns 181,200 shares of the utilities provider’s stock worth $3,081,000 after buying an additional 50,700 shares during the period. Institutional investors and hedge funds own 29.63% of the company’s stock.

Several analysts have recently issued reports on NYLD shares. Zacks Investment Research upgraded Clearway Energy Inc Class C from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, July 17th. Goldman Sachs Group set a $20.00 price objective on Clearway Energy Inc Class C and gave the company a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.80.

Shares of NYSE NYLD opened at $20.20 on Friday. The firm has a market capitalization of $3.75 billion, a PE ratio of 24.94, a P/E/G ratio of 0.70 and a beta of 2.21. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 0.59. Clearway Energy Inc Class C has a 12-month low of $15.55 and a 12-month high of $20.75.

Clearway Energy Inc Class C (NYSE:NYLD) last announced its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.27. The business had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $274.39 million. Clearway Energy Inc Class C had a return on equity of 6.42% and a net margin of 5.20%. analysts anticipate that Clearway Energy Inc Class C will post 1.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be paid a $0.32 dividend. This is a boost from Clearway Energy Inc Class C’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 6.34%. The ex-dividend date is Friday, August 31st. Clearway Energy Inc Class C’s dividend payout ratio (DPR) is presently 158.02%.

Clearway Energy Inc Class C Company Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

Further Reading: Outstanding Shares, Buying and Selling Stocks

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Institutional Ownership by Quarter for Clearway Energy Inc Class C (NYSE:NYLD)

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