D. E. Shaw & Co. Inc. Has $1.25 Million Holdings in Clearway Energy, Inc. (NYSE:CWEN)

D. E. Shaw & Co. Inc. lifted its position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 358.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,909 shares of the company's stock after buying an additional 37,461 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Clearway Energy were worth $1,246,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy in the fourth quarter valued at approximately $28,000. New Age Alpha Advisors LLC purchased a new stake in Clearway Energy during the 4th quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new position in Clearway Energy in the 4th quarter valued at about $51,000. Quarry LP lifted its holdings in Clearway Energy by 48.6% in the 4th 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, Aster Capital Management DIFC Ltd lifted its holdings in Clearway Energy by 233.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company's stock valued at $179,000 after purchasing an additional 4,823 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

Clearway Energy Price Performance

NYSE CWEN traded down $0.12 on Wednesday, reaching $30.70. 95,002 shares of the stock traded hands, compared to its average volume of 876,697. The firm's fifty day simple moving average is $29.18 and its 200 day simple moving average is $27.81. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.75 and a beta of 0.89. Clearway Energy, Inc. has a 12 month low of $24.02 and a 12 month high of $31.16. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping 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 net margin of 8.94% and a return on equity of 2.28%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. As a group, research analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.4384 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.71%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date is Monday, June 2nd. Clearway Energy's payout ratio is presently 218.75%.

Wall Street Analyst Weigh In

CWEN has been the subject of a number of analyst reports. Roth Mkm reissued a "buy" rating and issued a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Wall Street Zen upgraded Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research note on Tuesday, March 25th. They issued a "buy" rating and a $38.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.