Occudo Quantitative Strategies LP Sells 11,899 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Occudo Quantitative Strategies LP lowered its stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 56.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,125 shares of the company's stock after selling 11,899 shares during the period. Occudo Quantitative Strategies LP's holdings in Clearway Energy were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mascoma Wealth Management LLC bought a new position in shares of Clearway Energy in the 4th quarter worth $28,000. New Age Alpha Advisors LLC bought a new position in shares of Clearway Energy in the fourth quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Clearway Energy during the fourth quarter valued at about $51,000. Quarry LP grew its holdings in shares of Clearway Energy by 48.6% during the fourth quarter. Quarry LP now owns 5,454 shares of the company's stock valued at $142,000 after buying an additional 1,783 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Clearway Energy by 233.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company's stock worth $179,000 after acquiring an additional 4,823 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CWEN shares. Wall Street Zen raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Roth Mkm restated a "buy" rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Clearway Energy has a consensus rating of "Moderate Buy" and an average target price of $35.50.

Clearway Energy Stock Performance

Shares of NYSE CWEN traded down $1.19 during trading on Thursday, reaching $28.81. 530,692 shares of the stock traded hands, compared to its average volume of 870,167. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The stock has a market capitalization of $5.82 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. Clearway Energy, Inc. has a 52-week low of $24.02 and a 52-week high of $31.09. The company has a 50-day moving average of $29.14 and a 200-day moving average of $27.74.

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

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.4384 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.09%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date is Monday, June 2nd. Clearway Energy's payout ratio is presently 218.75%.

Clearway Energy Company 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.