Man Group plc Increases Stock Position in Clearway Energy, Inc. (NYSE:CWEN)

Man Group plc grew its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,547 shares of the company's stock after purchasing an additional 42,606 shares during the quarter. Man Group plc owned 0.05% of Clearway Energy worth $2,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in Clearway Energy by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock worth $236,000 after buying an additional 414 shares in the last quarter. Uniplan Investment Counsel Inc. increased its position in shares of Clearway Energy by 0.9% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 65,506 shares of the company's stock worth $1,703,000 after acquiring an additional 586 shares during the period. Ballentine Partners LLC increased its position in shares of Clearway Energy by 5.2% during the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company's stock worth $414,000 after acquiring an additional 787 shares during the period. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy in the fourth quarter valued at $28,000. Finally, New Age Alpha Advisors LLC purchased a new position in Clearway Energy in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 84.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen raised Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective for the company. Finally, Roth Mkm restated a "buy" rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Clearway Energy presently has a consensus rating of "Moderate Buy" and an average price target of $35.50.

Clearway Energy Stock Down 0.3%

NYSE:CWEN traded down $0.11 during trading hours on Wednesday, hitting $30.70. The company's stock had a trading volume of 120,098 shares, compared to its average volume of 876,795. The stock has a market capitalization of $6.21 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $29.18 and a 200-day moving average of $27.81. Clearway Energy, Inc. has a 52-week low of $24.02 and a 52-week high of $31.16.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. The business had revenue of $298.00 million for the quarter, compared to the consensus estimate 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 for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) EPS. On average, equities analysts forecast that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a $1.75 dividend on an annualized basis and a yield of 5.71%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. Clearway Energy's dividend payout ratio (DPR) is presently 218.75%.

Clearway Energy Company 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.