Capula Management Ltd Invests $4.65 Million in Clearway Energy, Inc. $CWEN

Key Points

• Capula Management Ltd bought 164,468 shares of Clearway Energy (NYSE:CWEN) in Q3, a $4.646 million stake that represents roughly 0.08% ownership as institutional investors now hold about 84.53% of the stock.
• Clearway reported a quarterly loss of ($0.89) EPS, missing expectations of ($0.21) and posting $310 million in revenue versus $334.4 million expected, though analysts still forecast about 0.83 EPS for the current year and a consensus "Moderate Buy" rating.
• The company raised its quarterly dividend to $0.4602 (annualized $1.84) for a yield near 4.8%, while the dividend payout ratio remains high at about 129.58%.

Capula Management Ltd acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 164,468 shares of the company's stock, valued at approximately $4,646,000. Capula Management Ltd owned approximately 0.08% of Clearway Energy at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Clearway Energy by 1,116.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 429,912 shares of the company's stock worth $13,757,000 after purchasing an additional 394,579 shares during the period. Synergy Asset Management LLC bought a new position in Clearway Energy during the 3rd quarter valued at $6,473,000. Westwood Holdings Group Inc. acquired a new position in shares of Clearway Energy during the 2nd quarter valued at $2,693,000. Nordea Investment Management AB raised its stake in shares of Clearway Energy by 33.6% in the 3rd quarter. Nordea Investment Management AB now owns 328,235 shares of the company's stock worth $9,250,000 after buying an additional 82,621 shares in the last quarter. Finally, RWC Asset Management LLP raised its stake in shares of Clearway Energy by 12.2% in the 3rd quarter. RWC Asset Management LLP now owns 745,537 shares of the company's stock worth $21,061,000 after buying an additional 81,349 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company's stock.

Clearway Energy Trading Up 0.5%

Shares of CWEN opened at $38.23 on Friday. The business's 50-day moving average price is $37.06 and its 200 day moving average price is $33.82. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $7.85 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.66 and a beta of 0.95. Clearway Energy, Inc. has a 1-year low of $25.63 and a 1-year high of $41.51.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The company reported ($0.89) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.68). The firm had revenue of $310.00 million for the quarter, compared to analysts' expectations of $334.42 million. Clearway Energy had a net margin of 11.83% and a return on equity of 3.01%. During the same period in the prior year, the company posted ($0.41) earnings per share. 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 will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.4602 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 4.8%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.45. Clearway Energy's dividend payout ratio (DPR) is 129.58%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CWEN. Canadian Imperial Bank of Commerce raised Clearway Energy from a "neutral" rating to a "sector outperform" rating and raised their target price for the company from $37.00 to $38.00 in a research note on Tuesday, December 16th. UBS Group set a $45.00 price target on shares of Clearway Energy in a research report on Tuesday, February 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Clearway Energy in a report on Wednesday, January 21st. Roth Mkm restated a "buy" rating and set a $45.00 price objective (up from $40.00) on shares of Clearway Energy in a research report on Tuesday, February 24th. Finally, Zacks Research cut shares of Clearway Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $40.14.

Clearway Energy Profile

Clearway Energy Group NYSE: CWEN is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company's portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway's generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.

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