24,300 Shares in Clearway Energy, Inc. (NYSE:CWEN) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,300 shares of the company's stock, valued at approximately $632,000.

A number of other large investors have also added to or reduced their stakes in the company. RWC Asset Management LLP boosted its position in Clearway Energy by 105.8% in the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company's stock worth $32,480,000 after purchasing an additional 642,322 shares in the last quarter. 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. Jupiter Asset Management Ltd. boosted its position in Clearway Energy by 85.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company's stock worth $13,932,000 after purchasing an additional 247,460 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of Clearway Energy by 7.1% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company's stock valued at $72,772,000 after buying an additional 186,544 shares in the last quarter. Finally, abrdn plc lifted its position in shares of Clearway Energy by 30.7% during the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock valued at $15,761,000 after buying an additional 141,500 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Stock Down 1.2%

Shares of CWEN traded down $0.35 during midday trading on Monday, hitting $28.53. The company had a trading volume of 139,616 shares, compared to its average volume of 870,365. The company's 50-day simple moving average is $28.93 and its 200-day simple moving average is $27.60. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The firm has a market capitalization of $5.77 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.75 and a beta of 0.89. Clearway Energy, Inc. has a 1 year low of $24.02 and a 1 year high of $31.09.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.28. The business had revenue of $298.00 million during the quarter, compared to analysts' expectations of $305.74 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. As a group, sell-side analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.4384 dividend. This represents a $1.75 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Monday, June 2nd. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. Clearway Energy's dividend payout ratio (DPR) is presently 218.75%.

Analyst Ratings Changes

Several research firms recently commented on CWEN. Deutsche Bank Aktiengesellschaft began coverage on Clearway Energy in a research note on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price objective for the company. StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Roth Mkm restated a "buy" rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.