Teza Capital Management LLC Acquires Shares of 27,345 Clearway Energy, Inc. (NYSE:CWEN)

Teza Capital Management LLC purchased a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 27,345 shares of the company's stock, valued at approximately $711,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in shares of Clearway Energy by 14.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 12,321 shares of the company's stock worth $320,000 after purchasing an additional 1,599 shares during the period. abrdn plc increased its stake in shares of Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock valued at $15,761,000 after acquiring an additional 141,500 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of Clearway Energy by 2,840.3% in the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock valued at $14,143,000 after acquiring an additional 525,450 shares in the last quarter. Simmons Bank bought a new stake in Clearway Energy during the 4th quarter valued at $377,000. Finally, ABC Arbitrage SA bought a new stake in Clearway Energy during the 4th quarter valued at $325,000. 84.53% of the stock is owned by institutional investors.

Clearway Energy Stock Up 4.1%

Shares of NYSE CWEN traded up $1.20 during trading on Friday, hitting $30.50. The stock had a trading volume of 978,007 shares, compared to its average volume of 878,743. Clearway Energy, Inc. has a 12 month low of $24.02 and a 12 month high of $31.09. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market capitalization of $6.17 billion, a PE ratio of 29.32, a PEG ratio of 1.75 and a beta of 0.89. The firm has a fifty day moving average of $29.15 and a two-hundred day moving average of $27.77.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.25) by $0.28. The company 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 firm's quarterly revenue 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, equities research analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared 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 is an increase from Clearway Energy's previous quarterly dividend of $0.43. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Monday, June 2nd. Clearway Energy's payout ratio is 218.75%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Mkm restated a "buy" rating and set a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Wall Street Zen upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company 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.