PDT Partners LLC Cuts Position in Clearway Energy, Inc. (NYSE:CWEN)

PDT Partners LLC lessened its position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 18.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,712 shares of the company's stock after selling 11,079 shares during the quarter. PDT Partners LLC's holdings in Clearway Energy were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Clearway Energy during the 3rd quarter worth $71,000. Fulton Bank N.A. raised its stake in shares of Clearway Energy by 14.8% during the fourth quarter. Fulton Bank N.A. now owns 14,007 shares of the company's stock worth $364,000 after purchasing an additional 1,801 shares during the last quarter. Quad Cities Investment Group LLC increased its stake in Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock valued at $328,000 after buying an additional 886 shares during the period. Oak Thistle LLC increased its stake in shares of Clearway Energy by 46.5% during the fourth quarter. Oak Thistle LLC now owns 45,664 shares of the company's stock worth $1,187,000 after acquiring an additional 14,502 shares during the period. Finally, San Luis Wealth Advisors LLC purchased a new stake in Clearway Energy in the 4th quarter valued at approximately $769,000. Hedge funds and other institutional investors own 84.53% of the company's stock.

Clearway Energy Trading Up 0.6 %

CWEN stock traded up $0.18 during midday trading on Tuesday, hitting $28.82. The stock had a trading volume of 183,353 shares, compared to its average volume of 874,760. The company's 50-day moving average price is $28.82 and its 200 day moving average price is $27.54. 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 firm has a market cap of $5.83 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. 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 released its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.4384 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.08%. This is an increase from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, June 2nd. Clearway Energy's dividend payout ratio is presently 218.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CWEN. Deutsche Bank Aktiengesellschaft began coverage on Clearway Energy in a report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price target for the company. Roth Mkm restated a "buy" rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Finally, StockNews.com upgraded 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 six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.71.

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.