Clearway Energy, Inc. (NYSE:CWEN) is Arosa Capital Management LP's 10th Largest Position

Arosa Capital Management LP trimmed its position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,300 shares of the company's stock after selling 37,373 shares during the quarter. Clearway Energy comprises 2.8% of Arosa Capital Management LP's holdings, making the stock its 10th largest position. Arosa Capital Management LP owned approximately 0.13% of Clearway Energy worth $7,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its holdings in Clearway Energy by 14.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,321 shares of the company's stock valued at $320,000 after purchasing an additional 1,599 shares during the last quarter. abrdn plc lifted its holdings in Clearway Energy by 30.7% in the fourth quarter. abrdn plc now owns 602,700 shares of the company's stock valued at $15,761,000 after acquiring an additional 141,500 shares during the period. King Luther Capital Management Corp boosted its position in Clearway Energy by 2,840.3% in the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock worth $14,143,000 after purchasing an additional 525,450 shares in the last quarter. Simmons Bank purchased a new stake in Clearway Energy during the fourth quarter worth $377,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Clearway Energy during the 4th quarter valued at about $325,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Clearway Energy Trading Down 1.4 %

CWEN stock traded down $0.42 during trading on Thursday, reaching $28.92. 983,436 shares of the stock were exchanged, compared to its average volume of 880,208. The business has a 50 day moving average price of $28.73 and a 200-day moving average price of $27.52. Clearway Energy, Inc. has a 1 year low of $22.75 and a 1 year high of $31.09. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.75 and a beta of 0.85.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.28. The company had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Clearway Energy's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, research analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.4384 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.43. This represents a $1.75 dividend on an annualized basis and a yield of 6.06%. Clearway Energy's dividend payout ratio is 229.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CWEN shares. Roth Mkm restated a "buy" rating and set a $34.00 price objective (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price objective on the stock. Finally, StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Clearway Energy currently has a consensus rating of "Moderate Buy" and an average target price of $34.71.

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.