Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,590 shares of the company’s stock after selling 1,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Clearway Energy were worth $510,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. ClearBridge Investments Ltd increased its holdings in shares of Clearway Energy by 4.0% during the first quarter. ClearBridge Investments Ltd now owns 5,246,887 shares of the company’s stock valued at $77,619,000 after acquiring an additional 204,217 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Clearway Energy by 49.2% in the 1st quarter. 1832 Asset Management L.P. now owns 2,328,073 shares of the company’s stock worth $72,939,000 after buying an additional 767,961 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Clearway Energy by 8.9% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 832,538 shares of the company’s stock worth $17,617,000 after buying an additional 68,023 shares during the period. Victory Capital Management Inc. increased its holdings in Clearway Energy by 12.8% in the 3rd quarter. Victory Capital Management Inc. now owns 618,180 shares of the company’s stock worth $13,081,000 after buying an additional 70,351 shares during the period. Finally, National Bank of Canada FI increased its holdings in Clearway Energy by 751.9% in the 3rd quarter. National Bank of Canada FI now owns 286,137 shares of the company’s stock worth $5,651,000 after buying an additional 252,548 shares during the period. Institutional investors and hedge funds own 38.03% of the company’s stock.

Insider Activity

In other Clearway Energy news, Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Morgan Stanley increased their price target on shares of Clearway Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, March 1st. Marathon Capitl reiterated an “equal weight” rating on shares of Clearway Energy in a report on Tuesday, March 26th. Royal Bank of Canada cut their price target on shares of Clearway Energy from $26.00 to $25.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 27th. Finally, Oppenheimer upped their price objective on Clearway Energy from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Clearway Energy currently has a consensus rating of “Hold” and a consensus target price of $28.33.

Clearway Energy Trading Up 2.2 %

Clearway Energy stock opened at $22.24 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.66 and a debt-to-equity ratio of 1.50. Clearway Energy, Inc. has a 12 month low of $18.59 and a 12 month high of $32.17. The stock’s 50 day simple moving average is $22.53 and its two-hundred day simple moving average is $23.47. The firm has a market cap of $4.49 billion, a PE ratio of 32.71 and a beta of 0.88.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.16 by $0.15. Clearway Energy had a return on equity of 1.80% and a net margin of 6.01%. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $282.45 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. Analysts anticipate that Clearway Energy, Inc. will post 0.92 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.403 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.25%. Clearway Energy’s dividend payout ratio (DPR) is 236.76%.

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.