1832 Asset Management L.P. Has $2.54 Million Stake in Clearway Energy, Inc. (NYSE:CWEN)

1832 Asset Management L.P. decreased its stake in shares of Clearway Energy, Inc. (NYSE:CWENFree Report) by 94.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 92,600 shares of the company’s stock after selling 1,471,388 shares during the quarter. 1832 Asset Management L.P.’s holdings in Clearway Energy were worth $2,540,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Avalon Trust Co bought a new stake in Clearway Energy in the 4th quarter valued at $47,000. Kingswood Wealth Advisors LLC bought a new stake in Clearway Energy in the fourth quarter valued at about $175,000. Xponance Inc. acquired a new position in Clearway Energy in the fourth quarter worth about $214,000. Kestra Private Wealth Services LLC bought a new position in Clearway Energy during the fourth quarter worth about $221,000. Finally, Silvia Mccoll Wealth Management LLC acquired a new stake in Clearway Energy during the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CWEN shares. Evercore ISI increased their target price on Clearway Energy from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Morgan Stanley lifted their price objective on Clearway Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, March 1st. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Marathon Capitl reiterated an “equal weight” rating on shares of Clearway Energy in a research report on Tuesday, March 26th. Finally, Roth Mkm boosted their price target on shares of Clearway Energy from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

View Our Latest Research Report on Clearway Energy

Insider Activity

In other news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by insiders.

Clearway Energy Trading Down 2.8 %

CWEN opened at $26.94 on Friday. Clearway Energy, Inc. has a 1-year low of $18.59 and a 1-year high of $30.62. The stock has a market capitalization of $5.45 billion, a PE ratio of 40.82 and a beta of 0.90. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $24.50.

Clearway Energy (NYSE:CWENGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.25. Clearway Energy had a net margin of 5.97% and a return on equity of 1.67%. The business had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $286.26 million. Clearway Energy’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Clearway Energy, Inc. will post 1.01 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.09%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.40. Clearway Energy’s payout ratio is presently 248.49%.

About Clearway Energy

(Free Report)

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.

Further Reading

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

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