Cambridge Investment Research Advisors Inc. Has $412,000 Stock Position in Clearway Energy, Inc. (NYSE:CWEN)

Cambridge Investment Research Advisors Inc. reduced its position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 73.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,612 shares of the company's stock after selling 37,713 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Clearway Energy were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new position in Clearway Energy during the fourth quarter valued at approximately $28,000. New Age Alpha Advisors LLC purchased a new position in Clearway Energy during the fourth quarter valued at approximately $31,000. NBT Bank N A NY purchased a new position in Clearway Energy during the first quarter valued at approximately $71,000. Quarry LP grew 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 purchasing an additional 1,783 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Clearway Energy during the fourth quarter valued at approximately $166,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Stock Up 0.9%

CWEN stock traded up $0.30 during trading hours on Monday, hitting $32.17. The company's stock had a trading volume of 590,338 shares, compared to its average volume of 883,463. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $6.50 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 0.69 and a beta of 0.87. Clearway Energy, Inc. has a 12 month low of $24.40 and a 12 month high of $32.76. The stock has a 50 day moving average price of $30.85 and a two-hundred day moving average price of $28.69.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted 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. Clearway Energy had a net margin of 6.69% and a return on equity of 1.68%. The company had revenue of $298.00 million during the quarter, compared to the consensus estimate of $305.74 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.4384 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.45%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, June 2nd. Clearway Energy's payout ratio is presently 218.75%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.50.

Clearway Energy 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.