Voloridge Investment Management LLC Has $12.24 Million Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Voloridge Investment Management LLC boosted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 251.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 470,565 shares of the company's stock after buying an additional 336,668 shares during the quarter. Voloridge Investment Management LLC owned about 0.23% of Clearway Energy worth $12,235,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. RWC Asset Management LLP boosted its holdings in shares of Clearway Energy by 105.8% during the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company's stock worth $32,480,000 after buying an additional 642,322 shares during the period. King Luther Capital Management Corp lifted its position in Clearway Energy by 2,840.3% during the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock worth $14,143,000 after acquiring an additional 525,450 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Clearway Energy by 85.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company's stock valued at $13,932,000 after acquiring an additional 247,460 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in Clearway Energy by 7.1% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company's stock valued at $72,772,000 after acquiring an additional 186,544 shares during the period. Finally, abrdn plc grew its position in shares of Clearway Energy by 30.7% in the fourth quarter. abrdn plc now owns 602,700 shares of the company's stock valued at $15,761,000 after purchasing an additional 141,500 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Stock Performance

Clearway Energy stock traded down $0.09 during trading hours on Wednesday, hitting $30.72. The stock had a trading volume of 794,075 shares, compared to its average volume of 877,105. The company has a 50-day moving average of $29.18 and a two-hundred day moving average of $27.81. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a fifty-two week low of $24.02 and a fifty-two week high of $31.49. The company has a market cap of $6.21 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. During the same period in the prior year, the company posted ($0.02) earnings per share. Clearway Energy's revenue was up 13.3% on a year-over-year basis. On average, equities research analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.4384 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.71%. This is an increase from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, June 2nd. Clearway Energy's dividend payout ratio (DPR) is presently 218.75%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CWEN shares. Roth Mkm reissued a "buy" rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target for the company. Finally, Wall Street Zen upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Clearway Energy currently has a consensus rating of "Moderate Buy" and an average 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.