US Bancorp DE Has $256,000 Stock Holdings in Clearway Energy, Inc. (NYSE:CWEN)

US Bancorp DE cut its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 7.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,470 shares of the company’s stock after selling 729 shares during the period. US Bancorp DE’s holdings in Clearway Energy were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CWEN. Farringdon Capital Ltd. acquired a new stake in shares of Clearway Energy during the fourth quarter worth $1,583,000. Natixis raised its position in shares of Clearway Energy by 107.4% during the fourth quarter. Natixis now owns 84,394 shares of the company’s stock worth $2,194,000 after purchasing an additional 43,700 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in shares of Clearway Energy by 7.1% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company’s stock worth $72,772,000 after purchasing an additional 186,544 shares during the period. Stifel Financial Corp raised its position in shares of Clearway Energy by 177.0% during the fourth quarter. Stifel Financial Corp now owns 24,990 shares of the company’s stock worth $650,000 after purchasing an additional 15,968 shares during the period. Finally, J. Safra Sarasin Holding AG acquired a new stake in shares of Clearway Energy during the fourth quarter worth $1,116,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Clearway Energy Trading Down 1.0%

NYSE:CWEN opened at $29.23 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.42 and a quick ratio of 1.34. Clearway Energy, Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $33.22. The stock’s 50-day moving average is $31.65 and its two-hundred day moving average is $29.59. The stock has a market cap of $5.91 billion, a PE ratio of 44.97, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87.

Clearway Energy (NYSE:CWEN) last released its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39). Clearway Energy had a net margin of 5.31% and a return on equity of 1.37%. The business had revenue of $392.00 million for the quarter, compared to analysts’ expectations of $428.33 million. During the same period last year, the firm earned $0.43 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Clearway Energy, Inc. will post 0.83 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 Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.4456 dividend. This represents a $1.78 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.44. Clearway Energy’s payout ratio is currently 269.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CWEN shares. Jefferies Financial Group boosted their target price on Clearway Energy from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. CIBC lowered Clearway Energy from a “sector outperform” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Saturday, July 19th. Cibc World Mkts downgraded Clearway Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Finally, Wall Street Zen cut Clearway Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Clearway Energy presently has a consensus rating of “Hold” and an average price target of $36.40.

About Clearway Energy

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.