Clearway Energy, Inc. (NYSE:CWEN) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,965 shares of the company's stock after acquiring an additional 63,027 shares during the quarter. Gotham Asset Management LLC owned about 0.23% of Clearway Energy worth $11,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Clearway Energy by 7.1% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company's stock worth $72,772,000 after buying an additional 186,544 shares during the last quarter. RWC Asset Management LLP raised its stake in Clearway Energy by 105.8% in the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company's stock worth $32,480,000 after acquiring an additional 642,322 shares during the last quarter. abrdn plc lifted its position in Clearway Energy by 30.7% during the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock worth $15,761,000 after acquiring an additional 141,500 shares during the period. Northwest & Ethical Investments L.P. lifted its position in Clearway Energy by 2.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 579,804 shares of the company's stock worth $15,075,000 after acquiring an additional 14,296 shares during the period. Finally, King Luther Capital Management Corp grew its stake 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 valued at $14,143,000 after purchasing an additional 525,450 shares during the last quarter. 84.53% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Price Performance

NYSE CWEN traded up $0.71 during trading hours on Thursday, reaching $29.88. The company's stock had a trading volume of 666,106 shares, compared to its average volume of 869,993. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 28.73, a P/E/G 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 company's 50-day moving average is $29.02 and its two-hundred day moving average is $27.63. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.28. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The company had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, equities analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current 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 paid a $0.4384 dividend. 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. This represents a $1.75 dividend on an annualized basis and a yield of 5.87%. Clearway Energy's dividend payout ratio (DPR) is currently 218.75%.

Analyst Upgrades and Downgrades

CWEN has been the subject of a number of research reports. Roth Mkm reaffirmed a "buy" rating and set a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. StockNews.com upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Clearway Energy in a research note on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company 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.