WBI Investments LLC Sells 85,945 Shares of Clearway Energy, Inc. (NYSE:CWEN)

WBI Investments LLC decreased its stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 83.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,710 shares of the company's stock after selling 85,945 shares during the period. WBI Investments LLC's holdings in Clearway Energy were worth $434,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Squarepoint Ops LLC raised its stake in shares of Clearway Energy by 88.0% during the fourth quarter. Squarepoint Ops LLC now owns 189,238 shares of the company's stock valued at $4,920,000 after acquiring an additional 88,560 shares during the last quarter. Teza Capital Management LLC bought a new position in shares of Clearway Energy during the fourth quarter valued at $711,000. Point72 Hong Kong Ltd bought a new position in shares of Clearway Energy during the fourth quarter valued at $166,000. Man Group plc raised its stake in shares of Clearway Energy by 66.6% during the fourth quarter. Man Group plc now owns 106,547 shares of the company's stock valued at $2,770,000 after acquiring an additional 42,606 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Clearway Energy by 16.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,546 shares of the company's stock valued at $820,000 after acquiring an additional 4,340 shares during the last quarter. Institutional investors own 84.53% of the company's stock.

Clearway Energy Trading Up 0.8%

NYSE:CWEN opened at $30.60 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.75 and a beta of 0.89. The firm has a fifty day simple moving average of $29.10 and a two-hundred day simple moving average of $27.71. Clearway Energy, Inc. has a 12 month low of $24.02 and a 12 month high of $31.09.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.28. The business had revenue of $298.00 million during the quarter, compared to analysts' expectations of $305.74 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted ($0.02) earnings per share. Analysts expect 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. Shareholders of record on Monday, June 2nd will be issued a $0.4384 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 5.73%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date is Monday, June 2nd. Clearway Energy's dividend payout ratio (DPR) is presently 218.75%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CWEN. Roth Mkm reissued a "buy" rating and set a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Clearway Energy in a research note on Tuesday, March 25th. They set a "buy" rating and a $38.00 target price for the company. Finally, StockNews.com raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.50.

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.

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