Elo Mutual Pension Insurance Co Invests $805,000 in Clearway Energy, Inc. $CWEN

Key Points

• Elo Mutual Pension Insurance Co acquired a new stake of 28,500 shares in Clearway Energy (NYSE:CWEN) in Q3, valued at approximately $805,000, according to its latest 13F filing.
• Analysts hold a consensus rating of “Moderate Buy” on CWEN with an average price target of $40.14, and several firms recently raised targets (e.g., Roth MKM $45, RBC $42).
• Clearway raised its quarterly dividend to $0.4602 (annualized $1.84, ~4.9% yield) but reported a quarterly EPS miss (‑$0.89 vs. ‑$0.21 expected) and revenue shortfall, while carrying a high payout ratio (~129.6%), highlighting yield appeal but potential sustainability risk.

Elo Mutual Pension Insurance Co acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,500 shares of the company's stock, valued at approximately $805,000.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in Clearway Energy in the third quarter worth $29,000. Headlands Technologies LLC purchased a new stake in shares of Clearway Energy during the second quarter valued at $43,000. Jump Financial LLC bought a new position in shares of Clearway Energy in the second quarter worth about $215,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Clearway Energy by 140.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,818 shares of the company's stock worth $218,000 after purchasing an additional 3,982 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in Clearway Energy by 11.5% in the 3rd quarter. NewEdge Wealth LLC now owns 7,564 shares of the company's stock worth $214,000 after buying an additional 783 shares during the period. Institutional investors own 84.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce upgraded shares of Clearway Energy from a "neutral" rating to a "sector outperform" rating and lifted their price objective for the company from $37.00 to $38.00 in a report on Tuesday, December 16th. Zacks Research downgraded shares of Clearway Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Clearway Energy in a research report on Wednesday, January 21st. Roth Mkm reaffirmed a "buy" rating and set a $45.00 price target (up from $40.00) on shares of Clearway Energy in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada boosted their price target on Clearway Energy from $38.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. One 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.14.

Clearway Energy Stock Performance

Shares of CWEN stock opened at $37.57 on Friday. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.62 and a beta of 0.95. Clearway Energy, Inc. has a 52-week low of $25.63 and a 52-week high of $41.51. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 1.36. The company's 50 day moving average is $36.62 and its 200 day moving average is $33.52.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Monday, February 23rd. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.68). Clearway Energy had a net margin of 11.83% and a return on equity of 3.01%. The company had revenue of $310.00 million for the quarter, compared to the consensus estimate of $334.42 million. During the same period last year, the business posted ($0.41) EPS. On average, sell-side analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.4602 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Clearway Energy's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 4.9%. Clearway Energy's dividend payout ratio is 129.58%.

Clearway Energy Company 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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