Clearway Energy, Inc. (NYSE:CWEN) Position Boosted by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 177.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,990 shares of the company's stock after purchasing an additional 15,968 shares during the quarter. Stifel Financial Corp's holdings in Clearway Energy were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Mascoma Wealth Management LLC acquired a new position in shares of Clearway Energy in the 4th quarter worth approximately $28,000. New Age Alpha Advisors LLC bought a new position in shares of Clearway Energy during the fourth quarter valued at approximately $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Clearway Energy in the 4th quarter worth approximately $51,000. Aster Capital Management DIFC Ltd grew its stake 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 worth $179,000 after buying an additional 4,823 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Clearway Energy in the fourth quarter valued at $204,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Analysts Set New Price Targets

CWEN has been the subject of several analyst reports. Roth Mkm reiterated a "buy" rating and set a $34.00 price objective (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target on the stock. Finally, StockNews.com raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a report 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.71.

Clearway Energy Trading Up 0.1%

Shares of NYSE:CWEN traded up $0.02 during midday trading on Wednesday, reaching $29.10. The company had a trading volume of 812,987 shares, compared to its average volume of 871,367. The company has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $27.62. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. Clearway Energy, Inc. has a 1-year low of $24.02 and a 1-year high of $31.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.28. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The company had revenue of $298.00 million during the quarter, compared to analysts' expectations of $305.74 million. During the same period last year, the company posted ($0.02) earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.4384 per share. This is an increase from Clearway Energy's previous quarterly dividend of $0.43. This represents a $1.75 annualized dividend and a yield of 6.03%. The ex-dividend date is Monday, June 2nd. Clearway Energy's payout ratio is 218.75%.

About Clearway Energy

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.