68,568 Shares in Clearway Energy, Inc. (NYSE:CWEN) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 68,568 shares of the company's stock, valued at approximately $1,783,000.

Several other large investors have also made changes to their positions in CWEN. Mascoma Wealth Management LLC purchased a new position in Clearway Energy during the fourth quarter valued at approximately $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy during the 4th quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Clearway Energy during the 4th quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Clearway Energy in the 3rd quarter valued at $71,000. Finally, Quarry LP boosted its holdings in Clearway Energy by 48.6% during the fourth 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. 84.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CWEN shares. Roth Mkm reaffirmed a "buy" rating and issued a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on 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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.71.

Clearway Energy Price Performance

CWEN stock traded up $0.18 during trading on Friday, hitting $28.92. The stock had a trading volume of 743,195 shares, compared to its average volume of 873,234. The company's 50-day moving average price is $28.93 and its two-hundred day moving average price is $27.59. Clearway Energy, Inc. has a twelve month low of $24.02 and a twelve month high of $31.09. The stock has a market capitalization of $5.85 billion, a P/E ratio of 27.81, a PEG ratio of 1.75 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $305.74 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The business's revenue was up 13.3% on a year-over-year basis. As a group, research analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given 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 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.