Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA reduced its stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,328 shares of the company's stock after selling 11,938 shares during the quarter. Clearway Energy comprises approximately 1.8% of Beach Investment Counsel Inc. PA's portfolio, making the stock its 18th biggest holding. Beach Investment Counsel Inc. PA owned approximately 0.20% of Clearway Energy worth $12,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Mascoma Wealth Management LLC purchased a new stake in shares of Clearway Energy during the 4th quarter valued at $28,000. New Age Alpha Advisors LLC acquired a new stake in Clearway Energy during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Clearway Energy in the 4th quarter worth about $51,000. Quarry LP lifted its position in Clearway Energy by 48.6% during the fourth quarter. Quarry LP now owns 5,454 shares of the company's stock valued at $142,000 after buying an additional 1,783 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Clearway Energy during the 4th quarter valued at $166,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Clearway Energy Stock Down 0.0%

NYSE:CWEN traded down $0.01 during mid-day trading on Monday, reaching $30.50. The stock had a trading volume of 714,477 shares, compared to its average volume of 873,352. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. Clearway Energy, Inc. has a 1-year low of $24.02 and a 1-year high of $31.09. The stock's 50 day simple moving average is $29.23 and its two-hundred day simple moving average is $27.97.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 EPS 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 return on equity of 2.28% and a net margin of 8.94%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) EPS. Equities analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.4384 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.75%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, June 2nd. Clearway Energy's dividend payout ratio is 218.75%.

Analyst Ratings Changes

CWEN has been the subject of a number of recent research reports. Roth Mkm reiterated a "buy" rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Wall Street Zen downgraded shares of Clearway Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They set a "buy" rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

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.