Atria Investments LLC decreased its holdings in Clearway Energy, Inc. (NYSE:CWEN – Get Rating) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,375 shares of the company’s stock after selling 3,464 shares during the period. Atria Investments LLC’s holdings in Clearway Energy were worth $1,302,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new position in shares of Clearway Energy during the first quarter worth approximately $605,000. Occidental Asset Management LLC raised its stake in Clearway Energy by 1.6% during the first quarter. Occidental Asset Management LLC now owns 68,582 shares of the company’s stock worth $2,504,000 after acquiring an additional 1,075 shares in the last quarter. Walleye Trading LLC acquired a new position in Clearway Energy during the second quarter worth $406,000. Cohen & Steers Inc. raised its stake in Clearway Energy by 2.8% during the first quarter. Cohen & Steers Inc. now owns 1,809,629 shares of the company’s stock worth $66,070,000 after acquiring an additional 49,981 shares in the last quarter. Finally, Eventide Asset Management LLC grew its holdings in shares of Clearway Energy by 3.1% during the first quarter. Eventide Asset Management LLC now owns 1,529,800 shares of the company’s stock worth $55,853,000 after purchasing an additional 46,600 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on CWEN shares. TheStreet upgraded Clearway Energy from a “c+” rating to a “b+” rating in a report on Tuesday, August 2nd. Bank of America lowered Clearway Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $40.00 in a research report on Monday, September 19th. Finally, StockNews.com began coverage on Clearway Energy in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clearway Energy currently has an average rating of “Hold” and an average target price of $37.00.
Insider Buying and Selling
Clearway Energy Price Performance
Clearway Energy stock opened at $35.87 on Thursday. Clearway Energy, Inc. has a 52 week low of $29.61 and a 52 week high of $41.79. The stock has a fifty day moving average of $34.21 and a 200-day moving average of $35.22. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.78 and a current ratio of 1.84. The stock has a market capitalization of $7.24 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.71.
Clearway Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.367 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, November 30th. This represents a $1.47 annualized dividend and a dividend yield of 4.09%. Clearway Energy’s dividend payout ratio is presently 29.88%.
Clearway Energy Profile
Clearway Energy, Inc operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc and changed its name to Clearway Energy, Inc in August 2018.
- Get a free copy of the StockNews.com research report on Clearway Energy (CWEN)
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