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

Cambridge Investment Research Advisors Inc. cut its position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 73.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,612 shares of the company's stock after selling 37,713 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Clearway Energy were worth $412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mascoma Wealth Management LLC bought a new position in shares of Clearway Energy during the 4th quarter worth about $28,000. New Age Alpha Advisors LLC bought a new stake in Clearway Energy during the fourth quarter worth about $31,000. NBT Bank N A NY bought a new stake in Clearway Energy during the first quarter worth about $71,000. Quarry LP grew its stake in Clearway Energy by 48.6% during the fourth quarter. Quarry LP now owns 5,454 shares of the company's stock worth $142,000 after buying an additional 1,783 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Clearway Energy during the fourth quarter worth approximately $166,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Stock Performance

Shares of NYSE CWEN traded down $0.39 during mid-day trading on Friday, reaching $31.86. 584,704 shares of the company were exchanged, compared to its average volume of 882,189. The company's 50-day simple moving average is $30.79 and its 200-day simple moving average is $28.62. 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 stock has a market capitalization of $6.44 billion, a P/E ratio of 39.83, a P/E/G ratio of 0.70 and a beta of 0.87. Clearway Energy, Inc. has a twelve month low of $24.40 and a twelve month high of $32.82.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.28. The company had revenue of $298.00 million during the quarter, compared to analysts' expectations of $305.74 million. Clearway Energy had a net margin of 6.69% and a return on equity of 1.68%. Clearway Energy's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.4384 dividend. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date was Monday, June 2nd. This represents a $1.75 annualized dividend and a yield of 5.50%. Clearway Energy's payout ratio is 218.75%.

Wall Street Analyst Weigh In

CWEN has been the topic of a number of recent research reports. Wall Street Zen raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy in a research note on Tuesday, March 25th. They issued 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 issued a buy rating to the company. According to data from MarketBeat, Clearway Energy currently has an average rating of "Moderate Buy" and an average 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.