Clearway Energy, Inc. (NYSE:CWEN) is Foresight Group Ltd Liability Partnership’s 6th Largest Position

Foresight Group Ltd Liability Partnership lessened its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 35.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375,277 shares of the company’s stock after selling 207,337 shares during the quarter. Clearway Energy accounts for about 5.8% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 6th biggest position. Foresight Group Ltd Liability Partnership owned approximately 0.19% of Clearway Energy worth $9,757,000 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. American Century Companies Inc. grew its stake in shares of Clearway Energy by 726.3% during the 2nd quarter. American Century Companies Inc. now owns 171,321 shares of the company’s stock worth $4,230,000 after purchasing an additional 150,588 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Clearway Energy by 5.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,240 shares of the company’s stock worth $302,000 after buying an additional 654 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Clearway Energy by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,223 shares of the company’s stock valued at $573,000 after buying an additional 2,173 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Clearway Energy during the 2nd quarter valued at approximately $2,494,000. Finally, AE Wealth Management LLC boosted its stake in shares of Clearway Energy by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 71,025 shares of the company’s stock worth $1,754,000 after acquiring an additional 4,833 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group started coverage on Clearway Energy in a report on Friday, September 20th. They set a “buy” rating and a $35.00 price objective for the company. StockNews.com downgraded Clearway Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 30th. BNP Paribas started coverage on shares of Clearway Energy in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $36.00 price objective on the stock. Finally, CIBC lifted their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Clearway Energy has a consensus rating of “Moderate Buy” and an average target price of $33.13.

Clearway Energy Trading Up 4.8 %

Shares of CWEN opened at $26.47 on Friday. The stock has a fifty day moving average of $27.15 and a two-hundred day moving average of $27.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92. The company has a market capitalization of $5.35 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88.

Clearway Energy (NYSE:CWEN) last released its earnings results 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). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $486.00 million during the quarter, compared to analyst estimates of $417.55 million. During the same period in the prior year, the business posted $0.03 earnings per share. Clearway Energy’s revenue was up 31.0% on a year-over-year basis. As a group, analysts forecast that Clearway Energy, Inc. will post 0.82 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.424 per share. The ex-dividend date was Monday, December 2nd. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 6.41%. Clearway Energy’s payout ratio is currently 163.46%.

Insider Activity

In related news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

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.