First Trust Advisors LP Has $69.48 Million Stock Holdings in Clearway Energy, Inc. $CWEN

First Trust Advisors LP grew its position in Clearway Energy, Inc. (NYSE:CWEN) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,171,301 shares of the company’s stock after purchasing an additional 77,595 shares during the quarter. First Trust Advisors LP’s holdings in Clearway Energy were worth $69,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CWEN. Guggenheim Capital LLC grew its stake in Clearway Energy by 21.7% in the 2nd quarter. Guggenheim Capital LLC now owns 123,821 shares of the company’s stock valued at $3,962,000 after buying an additional 22,091 shares during the last quarter. CW Advisors LLC boosted its holdings in Clearway Energy by 3.6% during the second quarter. CW Advisors LLC now owns 15,185 shares of the company’s stock valued at $486,000 after acquiring an additional 525 shares during the period. Quantbot Technologies LP bought a new stake in Clearway Energy during the second quarter valued at about $1,132,000. Edgestream Partners L.P. grew its position in shares of Clearway Energy by 65.6% in the second quarter. Edgestream Partners L.P. now owns 81,240 shares of the company’s stock valued at $2,600,000 after purchasing an additional 32,195 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Clearway Energy in the second quarter worth about $454,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CWEN shares. Wall Street Zen raised Clearway Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Clearway Energy in a research report on Wednesday, October 8th. Roth Capital upped their price target on Clearway Energy from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, November 24th. CIBC increased their price objective on Clearway Energy from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Evercore ISI began coverage on shares of Clearway Energy in a research report on Monday, October 6th. They set an “in-line” rating and a $34.00 target price on the stock. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Clearway Energy Trading Down 0.3%

Shares of CWEN opened at $34.04 on Monday. The stock’s 50-day moving average price is $33.24 and its 200 day moving average price is $31.54. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.50 and a beta of 0.95. Clearway Energy, Inc. has a 12-month low of $24.40 and a 12-month high of $36.89.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $0.32 by $1.68. The company had revenue of $429.00 million for the quarter, compared to analyst estimates of $427.72 million. Clearway Energy had a return on equity of 4.96% and a net margin of 20.07%.Clearway Energy’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. As a group, research analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.4528 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.81 annualized dividend and a yield of 5.3%. Clearway Energy’s payout ratio is presently 77.35%.

Clearway Energy Company Profile

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.