Clearway Energy, Inc. $CWEN Position Increased by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP raised its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Ardsley Advisory Partners LP owned 0.07% of Clearway Energy worth $4,989,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC lifted its stake in Clearway Energy by 26.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,656,937 shares of the company’s stock valued at $154,890,000 after buying an additional 981,488 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in Clearway Energy by 8.8% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 625,000 shares of the company’s stock valued at $17,656,000 after buying an additional 50,344 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Clearway Energy by 0.3% in the third quarter. Aberdeen Group plc now owns 580,307 shares of the company’s stock worth $16,463,000 after purchasing an additional 1,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Clearway Energy by 1.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 435,054 shares of the company’s stock worth $12,290,000 after purchasing an additional 5,142 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Clearway Energy by 19.0% in the third quarter. Victory Capital Management Inc. now owns 327,638 shares of the company’s stock worth $9,256,000 after purchasing an additional 52,338 shares in the last quarter. 84.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWEN has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Roth Mkm reissued a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Clearway Energy in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on shares of Clearway Energy in a research report on Thursday, April 9th. Morgan Stanley increased their price target on shares of Clearway Energy from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Finally, UBS Group set a $45.00 price objective on shares of Clearway Energy in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Clearway Energy has an average rating of “Moderate Buy” and an average target price of $43.00.

Clearway Energy Trading Down 2.2%

Shares of Clearway Energy stock opened at $36.86 on Thursday. The company’s fifty day simple moving average is $39.05 and its 200-day simple moving average is $37.36. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 921.71 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.55. Clearway Energy, Inc. has a 1 year low of $27.67 and a 1 year high of $41.74.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.90). The company had revenue of $354.00 million during the quarter, compared to analyst estimates of $340.75 million. Clearway Energy had a return on equity of 0.04% and a net margin of 0.13%. As a group, sell-side analysts expect that Clearway Energy, Inc. will post -0.87 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.4676 dividend. This represents a $1.87 annualized dividend and a yield of 5.1%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, June 1st. Clearway Energy’s dividend payout ratio (DPR) is 4,675.00%.

Clearway Energy Company Profile

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.