Clearway Energy, Inc. (NYSE:CWEN) Position Trimmed by Prudent Man Advisors LLC

Prudent Man Advisors LLC decreased its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,815 shares of the company’s stock after selling 596 shares during the quarter. Prudent Man Advisors LLC’s holdings in Clearway Energy were worth $884,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. ING Groep NV purchased a new position in Clearway Energy during the third quarter valued at approximately $229,000. Plato Investment Management Ltd purchased a new position in shares of Clearway Energy during the 3rd quarter valued at $245,000. Oppenheimer & Co. Inc. increased its stake in shares of Clearway Energy by 13.3% in the third quarter. Oppenheimer & Co. Inc. now owns 10,722 shares of the company’s stock worth $329,000 after acquiring an additional 1,260 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Clearway Energy during the third quarter worth $1,026,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Clearway Energy during the third quarter valued at $50,000. Institutional investors own 38.03% of the company’s stock.

Clearway Energy Stock Performance

Shares of NYSE CWEN opened at $27.56 on Monday. Clearway Energy, Inc. has a 12 month low of $20.63 and a 12 month high of $30.92. The company has a market cap of $5.57 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.44 and a beta of 0.87. The business’s 50 day moving average is $28.23 and its two-hundred day moving average is $27.30. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). The company had revenue of $486.00 million during the quarter, compared to analyst estimates of $417.55 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. On average, equities analysts expect that Clearway Energy, Inc. will post 0.81 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.424 per share. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 2nd. This represents a $1.70 annualized dividend and a dividend yield of 6.15%. Clearway Energy’s payout ratio is presently 162.50%.

Analyst Ratings Changes

CWEN has been the topic of a number of research reports. CIBC increased their price objective on Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. StockNews.com lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research note on Thursday. BNP Paribas started coverage on Clearway Energy in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $36.00 price target for the company. Roth Mkm reiterated a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Clearway Energy in a research note on Friday, August 2nd. Finally, Morgan Stanley raised Clearway Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $36.00 in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

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.