Prudent Man Advisors LLC Has $884,000 Stake in Clearway Energy, Inc. (NYSE:CWEN)

Prudent Man Advisors LLC reduced its position in Clearway Energy, Inc. (NYSE:CWEN) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in shares of Clearway Energy during the 3rd quarter worth about $50,000. Abich Financial Wealth Management LLC raised its position in Clearway Energy by 49.8% in the first quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. raised its position in Clearway Energy by 33.8% in the second quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after purchasing an additional 512 shares in the last quarter. Quarry LP lifted its stake in Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after purchasing an additional 843 shares during the period. Finally, nVerses Capital LLC boosted its holdings in Clearway Energy by 34.0% during the third quarter. nVerses Capital LLC now owns 6,700 shares of the company’s stock valued at $206,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CWEN shares. Morgan Stanley raised Clearway Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on shares of Clearway Energy in a research note on Friday, September 20th. They issued a “buy” rating and a $35.00 target price on the stock. BNP Paribas began coverage on shares of Clearway Energy in a research report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 target price for the company. Roth Mkm reissued a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Clearway Energy in a report on Friday, August 2nd. Finally, CIBC upped their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.13.

Clearway Energy Stock Up 0.7 %

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 firm 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 company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $28.23 and its two-hundred day moving average price is $27.30.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 earnings per share 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 the consensus estimate of $417.55 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. As a group, research analysts forecast that Clearway Energy, Inc. will post 0.81 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.424 dividend. This is a boost 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 yield of 6.15%. Clearway Energy’s dividend payout ratio (DPR) is currently 162.50%.

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.