Voya Investment Management LLC Has $259,000 Stake in Clearway Energy, Inc. (NYSE:CWEN)

Voya Investment Management LLC reduced its stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 74.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,954 shares of the company's stock after selling 29,222 shares during the period. Voya Investment Management LLC's holdings in Clearway Energy were worth $259,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its position in shares of Clearway Energy by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock worth $236,000 after buying an additional 414 shares during the period. Uniplan Investment Counsel Inc. increased its position in Clearway Energy by 0.9% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 65,506 shares of the company's stock valued at $1,703,000 after acquiring an additional 586 shares during the period. Ballentine Partners LLC boosted its position in Clearway Energy by 5.2% during the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company's stock worth $414,000 after acquiring an additional 787 shares during the period. Quad Cities Investment Group LLC grew its stake in shares of Clearway Energy by 7.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock worth $328,000 after purchasing an additional 886 shares in the last quarter. Finally, Mascoma Wealth Management LLC bought a new position in shares of Clearway Energy in the fourth quarter worth $28,000. 84.53% of the stock is owned by institutional investors.

Clearway Energy Price Performance

Shares of NYSE CWEN traded up $0.40 during midday trading on Friday, reaching $30.35. The company's stock had a trading volume of 686,491 shares, compared to its average volume of 869,571. Clearway Energy, Inc. has a one year low of $24.02 and a one year high of $31.09. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. The company has a 50 day moving average price of $29.04 and a 200 day moving average price of $27.66. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. The company had revenue of $298.00 million during the quarter, compared to the consensus estimate of $305.74 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) EPS. On average, equities research analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business 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 dividend of $0.4384 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from Clearway Energy's previous quarterly dividend of $0.43. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.78%. Clearway Energy's payout ratio is 218.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently 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 shares of Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Clearway Energy in a research note on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Clearway Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

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.