Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 1,553 Shares of Clearway Energy, Inc. $CWEN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,375 shares of the company’s stock after acquiring an additional 1,553 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Clearway Energy were worth $844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC raised its position in Clearway Energy by 79.1% during the first quarter. Gotham Asset Management LLC now owns 814,841 shares of the company’s stock valued at $24,665,000 after purchasing an additional 359,876 shares during the period. King Luther Capital Management Corp increased its position in shares of Clearway Energy by 1.1% during the 1st quarter. King Luther Capital Management Corp now owns 549,840 shares of the company’s stock valued at $16,644,000 after purchasing an additional 5,890 shares during the last quarter. Northside Capital Management LLC bought a new position in shares of Clearway Energy during the 2nd quarter valued at approximately $8,847,000. Pacer Advisors Inc. raised its holdings in Clearway Energy by 135.8% during the 1st quarter. Pacer Advisors Inc. now owns 273,219 shares of the company’s stock valued at $8,270,000 after buying an additional 157,331 shares during the period. Finally, Nordea Investment Management AB lifted its position in Clearway Energy by 325.3% in the second quarter. Nordea Investment Management AB now owns 245,614 shares of the company’s stock worth $7,747,000 after buying an additional 187,861 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Performance

Shares of NYSE:CWEN opened at $36.27 on Tuesday. The firm’s 50 day simple moving average is $31.97 and its 200-day simple moving average is $31.18. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.44 and a current ratio of 1.54. Clearway Energy, Inc. has a one year low of $24.40 and a one year high of $36.89. The firm has a market cap of $7.39 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.68. The company had revenue of $429.00 million for the quarter, compared to analysts’ expectations of $427.72 million. Clearway Energy had a return on equity of 4.96% and a net margin of 20.07%.Clearway Energy’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. As a group, equities analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.4528 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.45. Clearway Energy’s dividend payout ratio is currently 76.07%.

Analysts Set New Price Targets

CWEN has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Clearway Energy in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 target price on the stock. Evercore ISI initiated coverage on Clearway Energy in a research report on Monday, October 6th. They set an “in-line” rating and a $34.00 target price for the company. Roth Capital upped their target price on Clearway Energy from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

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.