Cbre Investment Management Listed Real Assets LLC Sells 19,000 Shares of Clearway Energy, Inc. $CWEN

Key Points

• Cbre Investment Management Listed Real Assets LLC sold 19,000 shares of Clearway Energy, reducing its stake by 3.2%, leaving it with 574,656 shares valued at approximately $17.4 million.
• Clearway Energy has recently increased its quarterly dividend to $0.4456 per share, now reflecting an annualized yield of 5.9%.
• Analysts have mixed ratings on Clearway Energy, with price targets ranging from $35.00 to $39.00 and a consensus rating of "Moderate Buy."

Cbre Investment Management Listed Real Assets LLC lowered its stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 574,656 shares of the company's stock after selling 19,000 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.28% of Clearway Energy worth $17,395,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Clearway Energy in the first quarter valued at approximately $280,000. M&T Bank Corp lifted its stake in Clearway Energy by 75.8% in the first quarter. M&T Bank Corp now owns 25,225 shares of the company's stock valued at $764,000 after buying an additional 10,878 shares in the last quarter. Cerity Partners LLC lifted its stake in Clearway Energy by 488.1% in the first quarter. Cerity Partners LLC now owns 67,309 shares of the company's stock valued at $2,037,000 after buying an additional 55,863 shares in the last quarter. Teza Capital Management LLC bought a new position in Clearway Energy in the fourth quarter valued at approximately $711,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in Clearway Energy by 358.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 47,909 shares of the company's stock valued at $1,246,000 after buying an additional 37,461 shares in the last quarter. Institutional investors own 84.53% of the company's stock.

Clearway Energy Stock Performance

Shares of NYSE:CWEN traded up $0.06 on Wednesday, hitting $29.75. The company had a trading volume of 612,489 shares, compared to its average volume of 935,246. Clearway Energy, Inc. has a 1-year low of $24.40 and a 1-year high of $33.22. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 45.76, a P/E/G ratio of 1.01 and a beta of 0.87. The stock has a 50 day moving average price of $31.45 and a 200 day moving average price of $29.84. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 1.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39). The company had revenue of $392.00 million during the quarter, compared to analyst estimates of $428.33 million. Clearway Energy had a net margin of 5.31% and a return on equity of 1.37%. Clearway Energy's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.4456 per share. This is a positive change from Clearway Energy's previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Clearway Energy's dividend payout ratio (DPR) is currently 269.23%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CWEN. Cibc World Mkts lowered shares of Clearway Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. CIBC downgraded shares of Clearway Energy from a "sector outperform" rating to a "neutral" rating and set a $35.00 price objective on the stock. in a report on Saturday, July 19th. Jefferies Financial Group lifted their price objective on shares of Clearway Energy from $37.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Clearway Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Clearway Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.40.

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.