Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested $569,000 in Clearway Energy, Inc. by purchasing 18,800 shares during the first quarter.
• Research firms have mixed views on Clearway Energy, with Jefferies raising its price target to $39.00 while other firms downgraded their ratings, resulting in an average consensus of "Hold."
• Clearway Energy's stock is currently trading at $32.43, with a market capitalization of $6.56 billion and a reported earnings per share (EPS) of $0.03 for the last quarter.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,800 shares of the company's stock, valued at approximately $569,000.

Other hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Clearway Energy during the first quarter valued at about $27,000. New Age Alpha Advisors LLC acquired a new stake in Clearway Energy in the fourth quarter valued at approximately $31,000. Tsfg LLC acquired a new stake in Clearway Energy in the first quarter valued at approximately $61,000. NBT Bank N A NY bought a new stake in Clearway Energy during the first quarter worth approximately $71,000. Finally, SBI Securities Co. Ltd. boosted its position in Clearway Energy by 48.8% during the first quarter. SBI Securities Co. Ltd. now owns 2,944 shares of the company's stock worth $89,000 after purchasing an additional 966 shares during the period. Hedge funds and other institutional investors own 84.53% of the company's stock.

Analysts Set New Price Targets

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

Clearway Energy Stock Performance

Shares of Clearway Energy stock traded down $1.59 on Wednesday, hitting $30.03. The stock had a trading volume of 1,039,052 shares, compared to its average volume of 922,896. Clearway Energy, Inc. has a twelve month low of $24.40 and a twelve month high of $33.22. The business's 50 day moving average is $31.75 and its two-hundred day moving average is $29.41. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 1.33. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.87.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39). The business had revenue of $392.00 million for the quarter, compared to the consensus estimate of $428.33 million. Clearway Energy had a return on equity of 1.68% and a net margin of 6.69%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Company 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.