Clearway Energy, Inc. (NYSE:CWEN) Stake Boosted by Hancock Whitney Corp

Hancock Whitney Corp boosted its stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,177 shares of the company's stock after purchasing an additional 11,757 shares during the period. Hancock Whitney Corp's holdings in Clearway Energy were worth $1,565,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CWEN. Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy in the fourth quarter worth $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy in the fourth quarter worth $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Clearway Energy in the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB acquired a new stake in Clearway Energy during the 3rd quarter valued at $71,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in Clearway Energy by 233.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company's stock valued at $179,000 after purchasing an additional 4,823 shares in the last quarter. Hedge funds and other institutional investors own 84.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CWEN shares. StockNews.com raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target for the company. Finally, Roth Mkm reaffirmed a "buy" rating and set a $34.00 price target (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.71.

Clearway Energy Stock Down 1.7 %

CWEN stock traded down $0.50 during mid-day trading on Thursday, hitting $28.84. 365,664 shares of the company were exchanged, compared to its average volume of 877,840. The company has a market capitalization of $5.83 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a twelve month low of $22.75 and a twelve month high of $31.09. The firm has a fifty day simple moving average of $28.73 and a 200 day simple moving average of $27.52.

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

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.4312 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 5.98%. Clearway Energy's dividend payout ratio is 229.33%.

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.