Clearway Energy, Inc. $CWEN Shares Bought by Maven Securities LTD

Maven Securities LTD raised its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 1,285.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,082 shares of the company’s stock after acquiring an additional 133,682 shares during the quarter. Maven Securities LTD’s holdings in Clearway Energy were worth $4,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CWEN. First Trust Advisors LP raised its stake in Clearway Energy by 3.7% in the 2nd quarter. First Trust Advisors LP now owns 2,171,301 shares of the company’s stock valued at $69,482,000 after purchasing an additional 77,595 shares during the last quarter. RWC Asset Management LLP boosted its stake in Clearway Energy by 12.2% during the 3rd quarter. RWC Asset Management LLP now owns 745,537 shares of the company’s stock worth $21,061,000 after purchasing an additional 81,349 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Clearway Energy by 8.8% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 625,000 shares of the company’s stock worth $17,656,000 after purchasing an additional 50,344 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Clearway Energy by 0.3% during the third quarter. Aberdeen Group plc now owns 580,307 shares of the company’s stock worth $16,463,000 after buying an additional 1,807 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Clearway Energy by 1.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 435,054 shares of the company’s stock valued at $12,290,000 after buying an additional 5,142 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Clearway Energy from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Clearway Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. UBS Group set a $45.00 price objective on shares of Clearway Energy in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce raised shares of Clearway Energy from a “neutral” rating to a “sector outperform” rating and raised their target price for the stock from $37.00 to $38.00 in a research note on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.14.

Clearway Energy Stock Up 1.2%

NYSE CWEN opened at $39.98 on Wednesday. The business’s fifty day simple moving average is $37.32 and its 200-day simple moving average is $33.99. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 1.36. The firm has a market cap of $8.20 billion, a PE ratio of 28.16, a P/E/G ratio of 1.71 and a beta of 0.95. Clearway Energy, Inc. has a 52 week low of $25.63 and a 52 week high of $41.51.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Monday, February 23rd. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.68). Clearway Energy had a net margin of 11.83% and a return on equity of 3.01%. The firm had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $334.42 million. During the same period in the prior year, the company posted ($0.41) EPS. As a group, equities analysts anticipate that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.4602 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.84 annualized dividend and a dividend yield of 4.6%. Clearway Energy’s dividend payout ratio is currently 129.58%.

About Clearway Energy

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.