Knights of Columbus Asset Advisors LLC Grows Stock Position in Clearway Energy, Inc. (NYSE:CWEN)

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 94.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,994 shares of the company's stock after purchasing an additional 72,910 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.07% of Clearway Energy worth $4,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. ClearBridge Investments Ltd lifted its holdings in Clearway Energy by 4.0% during the first quarter. ClearBridge Investments Ltd now owns 5,246,887 shares of the company's stock valued at $77,619,000 after purchasing an additional 204,217 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Clearway Energy by 49.2% in the first quarter. 1832 Asset Management L.P. now owns 2,328,073 shares of the company's stock worth $72,939,000 after buying an additional 767,961 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in shares of Clearway Energy by 8.9% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 832,538 shares of the company's stock worth $17,617,000 after buying an additional 68,023 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Clearway Energy by 12.8% in the third quarter. Victory Capital Management Inc. now owns 618,180 shares of the company's stock worth $13,081,000 after buying an additional 70,351 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Clearway Energy by 751.9% in the third quarter. National Bank of Canada FI now owns 286,137 shares of the company's stock worth $5,651,000 after buying an additional 252,548 shares in the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Price Performance

NYSE CWEN traded up $0.29 on Friday, reaching $22.79. 1,610,951 shares of the company's stock traded hands, compared to its average volume of 889,798. Clearway Energy, Inc. has a 12 month low of $18.59 and a 12 month high of $31.72. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.72 and a quick ratio of 1.66. The stock has a 50-day simple moving average of $22.52 and a 200 day simple moving average of $23.55. The stock has a market cap of $4.61 billion, a PE ratio of 33.51 and a beta of 0.88.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.15. Clearway Energy had a net margin of 6.01% and a return on equity of 1.80%. The business had revenue of $249.00 million for the quarter, compared to analysts' expectations of $282.45 million. During the same period last year, the business earned $0.10 earnings per share. The business's quarterly revenue was down 18.4% on a year-over-year basis. As a group, research analysts predict that Clearway Energy, Inc. will post 0.92 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.403 per share. This is a boost from Clearway Energy's previous quarterly dividend of $0.40. This represents a $1.61 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date was Thursday, February 29th. Clearway Energy's dividend payout ratio (DPR) is presently 236.76%.

Insider Transactions at Clearway Energy

In other news, Director Se Totalenergies bought 196,964 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

CWEN has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Clearway Energy from a "hold" rating to a "sell" rating in a report on Friday, March 1st. Royal Bank of Canada decreased their price objective on shares of Clearway Energy from $26.00 to $25.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 27th. Oppenheimer upped their price objective on shares of Clearway Energy from $33.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, January 19th. Marathon Capitl restated an "equal weight" rating on shares of Clearway Energy in a research report on Tuesday, March 26th. Finally, Morgan Stanley upped their price objective on shares of Clearway Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Clearway Energy has an average rating of "Hold" and an average price target of $28.33.

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.