Cbre Investment Management Listed Real Assets LLC Decreases Stake in Clearway Energy, Inc. $CWEN

Cbre Investment Management Listed Real Assets LLC reduced its stake in Clearway Energy, Inc. (NYSE:CWEN) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 608,327 shares of the company’s stock after selling 16,673 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.30% of Clearway Energy worth $20,233,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CWEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Clearway Energy by 1,116.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 429,912 shares of the company’s stock worth $13,757,000 after purchasing an additional 394,579 shares during the period. Capula Management Ltd purchased a new position in shares of Clearway Energy during the third quarter valued at approximately $4,646,000. Maven Securities LTD increased its stake in shares of Clearway Energy by 1,285.4% during the third quarter. Maven Securities LTD now owns 144,082 shares of the company’s stock valued at $4,070,000 after buying an additional 133,682 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Clearway Energy by 253.6% during the third quarter. Tudor Investment Corp ET AL now owns 152,549 shares of the company’s stock valued at $4,310,000 after buying an additional 109,404 shares during the period. Finally, Flputnam Investment Management Co. increased its stake in shares of Clearway Energy by 547.8% during the fourth quarter. Flputnam Investment Management Co. now owns 117,168 shares of the company’s stock valued at $3,897,000 after buying an additional 99,082 shares during the period. 84.53% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Trading Down 1.9%

NYSE CWEN opened at $40.40 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 1.55. Clearway Energy, Inc. has a twelve month low of $27.67 and a twelve month high of $41.60. The firm has a market capitalization of $8.29 billion, a PE ratio of 1,010.13 and a beta of 0.87. The stock’s 50 day moving average is $39.14 and its 200 day moving average is $37.12.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.90). Clearway Energy had a net margin of 0.13% and a return on equity of 0.04%. The firm had revenue of $354.00 million for the quarter, compared to the consensus estimate of $340.75 million. Research analysts forecast that Clearway Energy, Inc. will post -0.86 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.4676 dividend. This represents a $1.87 annualized dividend and a yield of 4.6%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, June 1st. Clearway Energy’s dividend payout ratio is presently 4,675.00%.

Analysts Set New Price Targets

CWEN has been the topic of several research analyst reports. Wall Street Zen raised Clearway Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Clearway Energy in a research note on Thursday, April 9th. Roth Mkm reissued a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Clearway Energy in a research note on Tuesday, February 24th. Weiss Ratings cut Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, UBS Group set a $45.00 target price on Clearway Energy in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Clearway Energy presently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.