Teza Capital Management LLC Makes New Investment in Clearway Energy, Inc. (NYSE:CWEN)

Teza Capital Management LLC purchased a new position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,345 shares of the company's stock, valued at approximately $711,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mascoma Wealth Management LLC bought a new position in Clearway Energy in the 4th quarter worth approximately $28,000. New Age Alpha Advisors LLC bought a new position in Clearway Energy in the 4th quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new position in Clearway Energy in the 4th quarter worth approximately $51,000. Quarry LP boosted its stake in Clearway Energy by 48.6% in the 4th quarter. Quarry LP now owns 5,454 shares of the company's stock worth $142,000 after purchasing an additional 1,783 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Clearway Energy in the 4th quarter worth approximately $166,000. 84.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CWEN. StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Roth Mkm reaffirmed a "buy" rating and set a $34.00 price objective (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Clearway Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

Clearway Energy Stock Up 0.8%

Shares of CWEN opened at $30.60 on Tuesday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. Clearway Energy, Inc. has a 1 year low of $24.02 and a 1 year high of $31.09. The business's 50 day simple moving average is $29.10 and its 200-day simple moving average is $27.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $298.00 million for the quarter, compared to analyst estimates of $305.74 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. Clearway Energy's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share 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 dividend of $0.4384 per share. This represents a $1.75 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.43. Clearway Energy's dividend payout ratio is presently 218.75%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.