Cerity Partners LLC Has $298,000 Position in Clearway Energy, Inc. (NYSE:CWEN)

Cerity Partners LLC decreased its position in Clearway Energy, Inc. (NYSE:CWEN) by 36.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,446 shares of the company’s stock after selling 6,656 shares during the quarter. Cerity Partners LLC’s holdings in Clearway Energy were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. RWC Asset Management LLP raised its holdings in Clearway Energy by 105.8% in the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company’s stock worth $32,480,000 after acquiring an additional 642,322 shares during the period. King Luther Capital Management Corp lifted its position in shares of Clearway Energy by 2,840.3% during the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company’s stock worth $14,143,000 after purchasing an additional 525,450 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Clearway Energy by 85.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company’s stock worth $13,932,000 after purchasing an additional 247,460 shares during the last quarter. abrdn plc grew its holdings in Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company’s stock valued at $15,761,000 after buying an additional 141,500 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its position in Clearway Energy by 44.2% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 238,328 shares of the company’s stock worth $6,197,000 after buying an additional 73,001 shares during the period. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Roth Mkm restated a “buy” rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy in a research note on Tuesday, March 25th. They issued a “buy” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clearway Energy currently has an average rating of “Moderate Buy” and a consensus price target of $34.71.

Clearway Energy Stock Down 0.2 %

Shares of CWEN opened at $28.16 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $28.48 and a two-hundred day moving average price of $27.48. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.75 and a beta of 0.85. Clearway Energy, Inc. has a 12 month low of $22.69 and a 12 month high of $31.09.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. Equities analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.4312 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.72 annualized dividend and a dividend yield of 6.13%. Clearway Energy’s dividend payout ratio is presently 229.33%.

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.