Intrust Bank NA Invests $250,000 in Clearway Energy, Inc. (NYSE:CWEN)

Key Points

• Intrust Bank NA has invested approximately $250,000 in Clearway Energy, acquiring 8,271 shares during the first quarter.
• Clearway Energy's quarterly earnings report revealed an EPS of $0.28, missing estimates by $0.39, with revenue of $392 million compared to an expected $428.33 million.
• The company has declared a quarterly dividend of $0.4456 per share, which indicates an annualized yield of 5.9%, up from the previous dividend of $0.44.

Intrust Bank NA purchased a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,271 shares of the company's stock, valued at approximately $250,000.

A number of other large investors also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Clearway Energy in the first quarter worth about $27,000. Tsfg LLC purchased a new position in shares of Clearway Energy in the first quarter worth about $61,000. NBT Bank N A NY purchased a new position in shares of Clearway Energy in the first quarter worth about $71,000. SBI Securities Co. Ltd. grew its stake in Clearway Energy by 48.8% during the first quarter. SBI Securities Co. Ltd. now owns 2,944 shares of the company's stock valued at $89,000 after acquiring an additional 966 shares in the last quarter. Finally, Quarry LP grew its stake in Clearway Energy by 48.6% during the fourth quarter. Quarry LP now owns 5,454 shares of the company's stock valued at $142,000 after acquiring an additional 1,783 shares in the last quarter. 84.53% of the stock is owned by institutional investors.

Clearway Energy Trading Down 0.6%

NYSE:CWEN traded down $0.18 during midday trading on Friday, reaching $30.20. 777,454 shares of the stock traded hands, compared to its average volume of 855,534. The company has a fifty day moving average of $31.73 and a 200 day moving average of $29.51. Clearway Energy, Inc. has a 12 month low of $24.40 and a 12 month high of $33.22. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $6.11 billion, a P/E ratio of 46.45, a PEG ratio of 0.75 and a beta of 0.87.

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

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.4456 per share. This represents a $1.78 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Clearway Energy's previous quarterly dividend of $0.44. Clearway Energy's payout ratio is presently 273.85%.

Analysts Set New Price Targets

A number of equities analysts have commented on CWEN shares. CIBC cut shares of Clearway Energy from a "sector outperform" rating to a "neutral" rating and set a $35.00 price target for the company. in a research note on Saturday, July 19th. Jefferies Financial Group boosted their price objective on shares of Clearway Energy from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Clearway Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Cibc World Mkts lowered shares of Clearway Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Clearway Energy currently has an average rating of "Hold" and an average target price of $36.40.

Clearway Energy 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.