Hudson Bay Capital Management LP Has $241,000 Position in Clearway Energy, Inc. $CWEN

Key Points

• Hudson Bay Capital Management LP cut its stake in Clearway Energy by 88.4% in Q3, leaving 8,515 shares worth $241,000, and institutional investors now own about 84.53% of the company.
• Clearway missed quarterly expectations with EPS of -$0.89 (vs. -$0.21 est.) and revenue of $310M (vs. $334.4M est.), yet it raised its quarterly dividend to $0.4602 (annualized $1.84) for a yield of 4.8% while carrying a payout ratio of ~129.6%.
• Analysts have a consensus rating of Moderate Buy with an average price target of $40.14, while CWEN trades near $38.11 (1‑year range $25.63–$41.51) and has a market cap of about $7.82B.

Hudson Bay Capital Management LP cut its stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 88.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,515 shares of the company's stock after selling 65,000 shares during the quarter. Hudson Bay Capital Management LP's holdings in Clearway Energy were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Clearway Energy by 280.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company's stock worth $27,000 after purchasing an additional 705 shares during the last quarter. National Bank of Canada FI lifted its holdings in Clearway Energy by 201.9% during the 3rd quarter. National Bank of Canada FI now owns 975 shares of the company's stock valued at $28,000 after purchasing an additional 652 shares during the last quarter. Mather Group LLC. acquired a new position in Clearway Energy in the third quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in Clearway Energy in the second quarter valued at about $43,000. Finally, Johnson Financial Group Inc. bought a new stake in Clearway Energy during the third quarter worth about $52,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and set a $45.00 price objective (up from $40.00) on shares of Clearway Energy in a report on Tuesday, February 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Clearway Energy in a report on Wednesday, January 21st. Wall Street Zen lowered Clearway Energy from a "hold" rating to a "strong sell" rating in a research report on Saturday, February 28th. UBS Group set a $45.00 price target on Clearway Energy in a report on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce raised Clearway Energy from a "neutral" rating to a "sector outperform" rating and boosted their price objective for the stock from $37.00 to $38.00 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Clearway Energy has a consensus rating of "Moderate Buy" and an average price target of $40.14.

Clearway Energy Trading Up 1.8%

CWEN opened at $38.11 on Tuesday. Clearway Energy, Inc. has a 1-year low of $25.63 and a 1-year high of $41.51. The stock has a market capitalization of $7.82 billion, a PE ratio of 26.84, a PEG ratio of 1.62 and a beta of 0.95. 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 firm has a 50-day moving average price of $37.83 and a two-hundred day moving average price of $34.26.

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 analysts' consensus estimates of ($0.21) by ($0.68). The company had revenue of $310.00 million for the quarter, compared to analyst estimates of $334.42 million. Clearway Energy had a return on equity of 3.01% and a net margin of 11.83%.During the same quarter in the previous year, the company posted ($0.41) earnings per share. As a group, equities analysts anticipate that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.4602 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, March 2nd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.45. 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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