Baird Financial Group Inc. Has $5.90 Million Holdings in Clearway Energy, Inc. $CWEN

Baird Financial Group Inc. cut its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,205 shares of the company’s stock after selling 59,276 shares during the period. Baird Financial Group Inc. owned about 0.09% of Clearway Energy worth $5,895,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CWEN. CW Advisors LLC boosted its stake in Clearway Energy by 3.6% in the second quarter. CW Advisors LLC now owns 15,185 shares of the company’s stock worth $486,000 after purchasing an additional 525 shares in the last quarter. Monetary Management Group Inc. raised its holdings in shares of Clearway Energy by 4.3% in the first quarter. Monetary Management Group Inc. now owns 14,400 shares of the company’s stock valued at $436,000 after buying an additional 600 shares during the last quarter. Abundance Wealth Counselors lifted its position in Clearway Energy by 1.6% during the 2nd quarter. Abundance Wealth Counselors now owns 39,158 shares of the company’s stock worth $1,253,000 after buying an additional 624 shares in the last quarter. Spirit of America Management Corp NY grew its holdings in Clearway Energy by 5.2% during the 2nd quarter. Spirit of America Management Corp NY now owns 15,300 shares of the company’s stock worth $490,000 after acquiring an additional 750 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in Clearway Energy by 4.4% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 19,620 shares of the company’s stock valued at $628,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 84.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CWEN shares. CIBC upped their target price on shares of Clearway Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada assumed coverage on shares of Clearway Energy in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 price objective for the company. Evercore ISI initiated coverage on Clearway Energy in a research report on Monday, October 6th. They issued an “in-line” rating and a $34.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Clearway Energy in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Clearway Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.86.

Clearway Energy Trading Down 0.1%

NYSE:CWEN opened at $32.97 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.41. Clearway Energy, Inc. has a 1-year low of $24.40 and a 1-year high of $36.89. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.48 and a beta of 0.95. The business’s 50-day moving average price is $33.43 and its two-hundred day moving average price is $31.58.

Clearway Energy (NYSE:CWEN) last posted its earnings results 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 during the quarter, compared to analyst estimates of $427.72 million. Clearway Energy had a return on equity of 4.96% and a net margin of 20.07%.The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. On average, equities analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.4528 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 5.5%. Clearway Energy’s payout ratio is currently 77.35%.

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.