Atria Investments LLC Decreases Stake in Clearway Energy, Inc. (NYSE:CWEN)

Atria Investments LLC lowered its position in shares of Clearway Energy, Inc. (NYSE:CWENGet Rating) by 13.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,297 shares of the company’s stock after selling 5,078 shares during the quarter. Atria Investments LLC’s holdings in Clearway Energy were worth $1,029,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CWEN. Macquarie Group Ltd. grew its holdings in shares of Clearway Energy by 31.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,272 shares of the company’s stock worth $114,000 after purchasing an additional 775 shares during the period. Strs Ohio grew its holdings in shares of Clearway Energy by 71.4% during the 3rd quarter. Strs Ohio now owns 4,800 shares of the company’s stock worth $152,000 after purchasing an additional 2,000 shares during the period. Quantbot Technologies LP grew its holdings in shares of Clearway Energy by 139.6% during the 1st quarter. Quantbot Technologies LP now owns 6,012 shares of the company’s stock worth $219,000 after purchasing an additional 3,503 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Clearway Energy by 6.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 6,958 shares of the company’s stock worth $222,000 after purchasing an additional 399 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Clearway Energy during the 1st quarter worth about $235,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.

Clearway Energy Stock Performance

Clearway Energy stock opened at $33.26 on Friday. The stock has a market cap of $6.71 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 1.56 and a beta of 0.73. The company has a current ratio of 1.84, a quick ratio of 1.78 and a debt-to-equity ratio of 1.59. The stock has a 50 day moving average of $33.70 and a 200-day moving average of $35.06. Clearway Energy, Inc. has a 52 week low of $29.61 and a 52 week high of $41.79.

Clearway Energy (NYSE:CWENGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.13 by $0.15. The company had revenue of $340.00 million during the quarter, compared to analysts’ expectations of $358.35 million. Clearway Energy had a negative return on equity of 12.43% and a net margin of 45.32%. On average, analysts expect that Clearway Energy, Inc. will post 0.95 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $0.367 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Wednesday, November 30th. Clearway Energy’s dividend payout ratio is 30.50%.

Analyst Ratings Changes

CWEN has been the subject of a number of analyst reports. CIBC upgraded Clearway Energy from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 10th. StockNews.com initiated coverage on Clearway Energy in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Insider Activity

In related news, CEO Christopher S. Sotos sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $35.23, for a total transaction of $1,056,900.00. Following the sale, the chief executive officer now directly owns 266,704 shares of the company’s stock, valued at approximately $9,395,981.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

About Clearway Energy

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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.

See Also

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

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