Schonfeld Strategic Advisors LLC Buys 10,583 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Schonfeld Strategic Advisors LLC grew its position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,370 shares of the company's stock after buying an additional 10,583 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Clearway Energy were worth $1,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CWEN. Mascoma Wealth Management LLC acquired a new position in Clearway Energy in the 4th quarter worth $28,000. New Age Alpha Advisors LLC acquired a new position in Clearway Energy in the 4th quarter worth $31,000. SBI Securities Co. Ltd. acquired a new position in Clearway Energy in the 4th quarter worth $51,000. Wilmington Savings Fund Society FSB bought a new stake in Clearway Energy during the 3rd quarter worth about $71,000. Finally, Quarry LP lifted its position in Clearway Energy by 48.6% during the 4th quarter. Quarry LP now owns 5,454 shares of the company's stock worth $142,000 after buying an additional 1,783 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company's stock.

Clearway Energy Stock Performance

Shares of CWEN stock traded up $0.18 on Friday, reaching $28.92. The stock had a trading volume of 743,195 shares, compared to its average volume of 873,234. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The firm's 50-day moving average is $28.93 and its two-hundred day moving average is $27.60. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 27.81, a P/E/G 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 issued its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. The company had revenue of $298.00 million for the quarter, compared to analysts' expectations of $305.74 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Clearway Energy's quarterly 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) EPS. On average, research analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.4384 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.06%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date is Monday, June 2nd. Clearway Energy's dividend payout ratio is presently 218.75%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CWEN. StockNews.com raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Roth Mkm reissued a "buy" rating and set a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.71.

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.