Tudor Investment Corp ET AL Makes New Investment in Clearway Energy, Inc. (NYSE:CWEN)

Tudor Investment Corp ET AL purchased a new position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 68,568 shares of the company's stock, valued at approximately $1,783,000.

A number of other large investors have also made changes to their positions in CWEN. Tortoise Capital Advisors L.L.C. increased its holdings in Clearway Energy by 7.1% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company's stock valued at $72,772,000 after buying an additional 186,544 shares in the last quarter. RWC Asset Management LLP increased its stake in Clearway Energy by 105.8% in the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company's stock valued at $32,480,000 after purchasing an additional 642,322 shares in the last quarter. abrdn plc increased its stake in Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock valued at $15,761,000 after purchasing an additional 141,500 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in Clearway Energy by 2.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 579,804 shares of the company's stock worth $15,075,000 after purchasing an additional 14,296 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in Clearway Energy by 2,840.3% in the fourth quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock valued at $14,143,000 after purchasing an additional 525,450 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price objective on the stock. Roth Mkm reiterated a "buy" rating and issued a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Finally, StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Clearway Energy has an average rating of "Moderate Buy" and a consensus price target of $34.71.

Clearway Energy Stock Down 0.6 %

CWEN opened at $28.79 on Monday. Clearway Energy, Inc. has a 12 month low of $24.02 and a 12 month high of $31.09. The business has a 50-day moving average of $28.80 and a two-hundred day moving average of $27.53. 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 price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89.

Clearway Energy (NYSE:CWEN - Get Free Report) last released 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. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm had revenue of $298.00 million during the quarter, compared to the consensus estimate of $305.74 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. Clearway Energy's revenue was up 13.3% compared to the same quarter last year. On average, research analysts expect 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. Investors of record on Monday, June 2nd will be issued a $0.4384 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.75 dividend on an annualized basis and a yield of 6.09%. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. Clearway Energy's dividend payout ratio (DPR) 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.

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